Power prices surge 23pct, reform needed
The Australian Competition and Consumer Commission has called for reforms to ensure surging power prices can be brought under control.
The Australian Competition and Consumer Commission has called for reforms to ensure surging power prices can be brought under control.
Ahead of a national cabinet meeting on energy prices, states have warned the federal government against passing the buck on the issue.
Experts warn subsidies for coal- and gas-fired plants could derail cleaner, cheaper power as energy ministers prepare for crucial talks in Brisbane on Thursday.
NSW Treasurer Matt Kean said the state government will support the Commonwealth capping energy prices but implored his federal counterparts to move quickly.
Fossil fuels have given Australians an "awesome" standard of living but the economy needs to become more varied, international investors have been told.
The possibility of price caps on fossil fuels has sparked concern from some state leaders as the government looks to lock down a plan to lower energy prices.
The Federal Court has upheld a ruling that Tiwi Islands traditional owners should have been consulted over Santos's multibillion-dollar Barossa gas project.
The official opening of a wind farm near Canberra has been more than 10 years in the making, but landowners are now "drinking silver" from the revenue stream.
Going solar or upgrading an old rooftop system may slash power bills and cut emissions, but Aussies won't help to save the world if panels end up as landfill.
A number of coalition MPs have attended a parliamentary forum on nuclear power, in a bid to generate community discussion on the issue.
Final costings for the major parties' election commitments have been revealed, while Liberal Leader Matthew Guy pledged to lower the driving age in Victoria.
Origin Energy says the push for clean energy is "out of step" with consumers, warning of bill shock for years from the cost of building new renewable assets.
Clean energy and local expertise could transform alumina refining, which has been one of toughest sectors to crack in decarbonising the Australian economy.
Climate and energy leaders say a national renewable energy storage target could stabilise soaring power bills and encourage the construction of new systems.
Queensland's coal industry is emerging as a winner in the global energy crisis as demand from India, Japan and South Korea pick up the slack from China's ban.
Shifts in global power, climate change and technology are driving a 50-year plan for Gladstone's port, and a 10-year transition plan that starts now for locals.
Australia's "carbon capital" Gladstone has developed a detailed plan for 10 years of change so no one gets left behind in the race to net zero emissions.
Premier Dominic Perrottet has intervened in mining giant Santos' $3.6 billion Narrabri Gas Project vowing to cut red tape and speed up approvals.
Victoria's budget deficit forecast has blown out by $500 million in 10 days as the major parties earmark more election cash for batteries and babies.
The consumer watchdog is considering the viability of a mandatory code of conduct to keep soaring energy prices contained.
One of Queensland's newest coal power stations is slowly bringing half its generation units back online after a series of equipment failures this week.
Pressure is building for Australia to use global standards for more sustainable minerals as the surge in clean energy demand brings risks of dodgy dealings.
Soaring energy prices will burn a hole in the pockets of Australian businesses as growing gas dominance triples the cost of wholesale electricity.
Record budget funding for landmark energy reforms is intended to steady the electricity grid and encourage investors to bankroll Australia's net zero future.
Australia's first carbon budget comes with a hefty price tag for climate spending to meet national and international pledges.
Retail electricity prices are expected to rise by 50 per cent over the next two years, the budget papers have revealed.
Almost all of Victoria's energy will come from renewable sources by 2035, and state ownership of power assets will be revived if Labor is re-elected next month.
Origin Energy has upgraded its outlook as gas earnings surge amid the global supply shock, with Australian power bills set to rise into 2024.
New rules and technical standards for home and business energy systems are being developed as regulators catch up with consumers and technology.
Household and small business energy bills are soaring and the consumer watchdog is monitoring the industry for signs of price-gouging.
State energy ministers agree the scale of energy investment required is 'mind-boggling' but necessary to overhaul Australia's economy and cut carbon emissions.