NewsBite

Energy prices

Yesterday

Beach Energy’s Brett Woods at the Australian Domestic Gas Outlook conference in Sydney.

Gas policy ‘taken over by activists’: Beach CEO

Brett Woods also took aim at politicians opposing local gas supply projects that are forcing the industry towards more emissions intensive and expensive imports.

Korea and Malaysia have invested about $14 billion in Santos’ GLNG export venture.

Korean giant strikes out at gas intervention

Kogas has questioned whether it can still rely on its contracts to buy Australian LNG, given mounting government intervention in the domestic gas market.

March

Dutton delivers his budget reply speech in the House of Representatives.

Santos breaks ranks on Dutton’s gas plan

The gas producer looks set to emerge as a winner under the Coalition’s gas policy, despite it being widely blamed for the risk of shortages on the east coast.

Two men,one prize. Anthony Albanese and Peter Dutton.

This election feels like it’s been run already

Anthony Albanese and Peter Dutton are both fighting precedent this election, but the hurdles the opposition leader faces are more formidable.

The ACCC says gas exporters should be encouraged to prioritise domestic supply.

Record winter gas shortfall is coming: ACCC

Ensuring Queensland’s LNG exporters divert unsold gas to the local market will be critical to avoid supply shocks, the watchdog said.

Advertisement
Amplitude Energy CEO Jane Norman pointed to strong interest in the gas from potential industrial customers.

Victorian energy shortage fears drive $400m investment in gas venture

Buyer interest and higher prices provide confidence in what is the largest new project in the south-east, said Amplitude Energy chief executive Jane Norman.

Eighty per cent of Australia’s gas is exported or used in the LNG production process, making the country one of the three biggest LNG exporters globally.

Why I’m backing keeping Australian gas at home

More gas doesn’t mean cheaper energy, it just means more exports and bigger profits for the companies producing it.

Jim Chalmers.

It’s time for the treasurer to stop treating us like mugs

Jim Chalmers’ crackdown on the supermarkets is an exercise in political blame-shifting that risks wrapping the economy in more red tape for no gain. But the Coalition is little better. 

LNG imports may not be needed until later this decade under AEMO’s latest gas outlook.

Winter gas threat pushed out but shortages loom

The energy market operator expects winter gas shortages to hit Victoria in 2028 and predicts a serious energy shock without new investment. Queensland says it will keep coal-fired power stations open longer.

Victoria’s mainstay of gas supply, the Bass Strait fields, are now depleting rapidly.

Looming threat to curb Queensland LNG exports spurs new drilling

The concern among Queensland’s LNG exporters about a crackdown on Asian sales contract renewals is pushing them to drill for new gas to supply domestic customers.

Transgrid CEO Brett Redman at the CEDA function in Sydney.

Transgrid seeks government support for vital $700m grid investment

Transgrid CEO Brett Redman says the company needs NSW government and regulatory support to proceed with investments without blowing-up its credit rating.

Power prices are set to fall across most of the eastern states.

Ministers’ push on energy prices could hurt most customers: retailers

Energy retailers said cutting a flagged power price increase would result in higher prices for customers on discounted deals after ministers urged the regulator to dig into a big jump in their costs.

Squadron has almost completed construction of an LNG import terminal in Port Kembla, NSW.

Forrest’s Squadron takes swing at APA in secret ministerial submission

In a secret ministerial submission, Squadron complained that APA is creating a false sense of security amid plans for LNG gas to be imported to the south-east.

Transmission towers in Victoria’s west. The cost of building new connections to renewable generation projects has been one reason the price of energy has spiked.

Households face up to 9pc power bill rise amid coal plant outages

But analysts warn that billions of dollars spent on rebates to woo voters are “sugar hits” that could be better spent on long-term solutions to the increases.

Amir Orad, CEO of Kraken.

Kraken’s new CEO makes his big pitch for the energy market’s future

The hi-tech utilities technology platform has driven enormous growth at Octopus, the London-based energy company backed by Origin Energy and Aware Super.

Advertisement
Electricity prices don't necessarily equate to higher power bills if appliances are more efficient.

The annual power price reset is almost here, and it’s not good news

Benchmark electricity prices for households are unlikely to fall this coming financial year, keeping up pressure for ongoing price rebates.

ConocoPhillips is one of the biggest energy companies in the world, and is proposing to explore for gas in the Bass Strai.

Massive gas drilling program approved in Bass Strait

ConocoPhillips’ junior partner in the venture said it was “very unusual to see a drilling program of this size”.

February

Genex Power’s Kidston pumped hydro project in North Queensland.

‘Big water battery’ wins backing in NSW storage tender

The success of a $1.8 billion project near Mudgee in a NSW underwriting tender for clean energy comes amid mounting evidence that pumped hydro can be difficult and costly.

Viva Energy CEO Scott Wyatt in an On the Run store in Melbourne in August.

Petrol station owner Viva Energy smashed as 2025 outlook disappoints

The owner of the Shell-branded network has suffered a heavy sell-off in its shares after underwhelming analysts with its guidance.

EnergyAustralia’s Yallourn Power Station in Victoria’s Latrobe Valley is due to close in mid-2008.

EnergyAustralia owner would rather contract green power than build it

Parent CLP Group is “open-minded” about funding options for transition projects at EnergyAustralia, which needs to be self-funding, CEO Chiang Tung Keung says.

Original URL: https://www.afr.com/topic/energy-prices-1mpp