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Saturday, May 25, 2024

Latest news: Energy crisis

Power bill shock set to continue amid immense energy change

Consumers are struggling with unaffordable power bills despite fewer energy shocks so far this year, the Australian Energy Regulator says.

‘Challenges’ for NSW grid as Hunter coal station closes

Future energy supply challenges could be on the horizon for NSW as one of the state's major coal-fired electricity producers prepares to wind down operations.

Renewable projects promise ‘cheaper’ energy but price rises loom

An investment boost in Australia's renewable energy sector has resulted from the federal government's net-zero plan, but rising power prices still loom.

Energy cap takes sting out of price hikes

Wholesale electricity costs are forecast to jump by less than half of earlier dire predictions after the federal government stepped in to cool the market. Updated Treasury forecasts have prices in Queensland coming...

National cabinet to discuss plan to cap coal prices

The federal government's plan to cap coal prices to help reduce energy bills and relieve the nation's energy crisis will be at the centre of a meeting between Australia's leaders.

Russia scraps Nord Stream 1 gas pipeline reopening

Russia has scrapped a deadline to resume flows via a major gas supply route to Germany, deepening Europe's difficulties in securing winter fuel, after saying it had found faults in the Nord Stream 1 pipeline during maintenance.

Russian gas halt tightens screws on Europe

Russia has halted gas supplies via Europe's key supply route, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region's richest countries.

Australian household solar cuts power bills, anxiety

Australian households with rooftop solar are enjoying massive reductions in power bills, a nationwide survey shows.

Labor committed to lowering electricity bills

The Labor government is standing by the modelling it took to the May federal election promising to slash electricity bills by $275 a year.

Australia’s electricity markets give everyone a headache

Australia's National Electricity Market is one of the world's longest interconnected power systems - from Port Douglas in tropical far north Queensland to South Australia's Eyre Peninsula and the bottom tip of Tasmania.

Energy supply sufficient for weekend: AEMO

Australia's energy market is expected to have enough supply to meet demand during the coming weekend despite recent issues plaguing the network.