Qld power plant set for coal cap compo
Taxpayers are set to fund a compensation deal of up to $450 million for Gladstone Power Station owner Rio Tinto over the coal price cap in Queensland.
Taxpayers are set to fund a compensation deal of up to $450 million for Gladstone Power Station owner Rio Tinto over the coal price cap in Queensland.
The federal government has laughed off criticism of its new energy laws as "Soviet-style", saying gas giants just want to keep hold of their record profits.
An energy relief package for households and businesses that caps the price of gas has passed parliament.
Queensland will oppose market interventions, such as wholesale gas and coal price caps or windfall taxes if the state isn't compensated, the premier says.
The Queensland premier has rejected fossil fuel price caps, instead calling for other states and the federal government to fund a gas pipeline.
Origin Energy shares have soared by a third after its board said it would recommend a $9-per-share takeover offer from Brookfield Asset Management.
The Queensland government says 230 companies are interested in setting up manufacturing plants for renewable energy generation parts in the state.
Queensland would have a single public energy retailer to ensure consumers have cheap and reliable electricity under a Greens proposal.
The Queensland government will review whether electricity generators can maintain "system reliability and security" during its planned renewables transition.
The Queensland premier has put a call out for workers to fill thousands of roles at public energy companies as part of the transition to renewables.
Queensland Energy Minister Mick de Brenni has assured residents the state's power supply is solid heading into energy-intensive summer months.
A cooling tower fire has taken another generation unit offline at a major Queensland coal power plant which already has one unit out of action until April.
A new report from an anti-fracking group says projects in the Lake Eyre basin are unviable, as evidenced by one energy company recently abandoning its plans.
The Australian Energy Market Operator has lifted the suspension of the national energy market after more than a week.
The Queensland government has prioritised coal and gas-fired generation over energy storage as it eyes dividends from the surging wholesale electricity market.
The Australian Energy Market Operator has outlined a staged approach to restoring the national energy market following its intervention last week.
There are calls for an inquiry into Queensland's wholesale electricity prices, which are the highest in the nation and regularly hit record levels.
Queenslanders have avoided power outages as the federal energy regulator takes control of the wholesale national supply market.
A blackouts warning in Victoria has been cancelled after the national energy market operator earlier forecast an impending shortfall in reserve power.
The Australian Energy Market Operator has issued an alert warning for possible blackouts in Queensland, saying demand for electricity may exceed supply.
A major power crisis along the east coast has been avoided with the intervention of the regulator and cooperation of industry, Energy Minister Chris Bowen says.
The Australian Energy Market Operator is likely to again have to order Queensland electricity generators to fire up their plants to avoid blackouts.
The Queensland government will spend $35 million on a study for a pumped hydro project that could store up to seven gigawatts of electricity.
Queensland Energy Minister Mick de Brenni says all options are on the table to deal with soaring electricity and surging prices, except nuclear power.
The Queensland opposition is calling on the state government to intervene in the electricity market to lower wholesale prices, and household and business bills.
The Queensland government has denied its two state-owned electricity generators are price gouging, saying bids on the market are merely covering costs.
The Queensland government can intervene to shield households and businesses from bill shock and ensure small electricity retailers stay afloat, an analyst says.
Electricity bills will rise across Queensland with analysts saying residents are being punished for the state's slow transition to renewables.
Queensland households will receive a rebate on their power bills as the premier admits surging electricity costs are forcing people to make "difficult choices".
Households and businesses are set to pay more for their electricity, but the energy market regulator is urging people to shop around for the best deal.
The Queensland government will offer $175 power bill rebates after the regulator forecast a jump of more than 11 per cent in electricity prices.