Electricity bills to surge amid ‘going green’ alarm
A sustained period of high electricity bills amid a cost-of-living crisis adds to concerns over the cost of Australia’s green energy roll-out.
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Power bills set to soar up to 9pc; Butler rules out Healthscope bailout
Electricity prices are set to rise by between 1-9pc, the energy regulator says, with NSW worst hit. Mark Butler is adamant there will be no taxpayer-funded bailout for the collapsed private hospitals operator owned by an overseas private equity firm.
Intervention in gas market sent ‘chilling signal’ to investors
The Albanese government’s intervention in the gas market in 2022 is directly responsible for Australia’s appeal for investment falling substantially in recent years, a new report says.
InfraBuild’s $121m loss amid debt strain and ownership turmoil
The earnings hole underscores the deep financial pressure facing the steelmaker as it fights to stave off collapse. Once the most profitable arm of Mr Gupta’s global GFG Alliance, InfraBuild has come under acute pressure amid falling steel prices.
Native Title tribunal backs Santos’ $3.6bn gas project
A tribunal ruling has found Santos’ proposed Narrabri gas development in northern NSW is in the national interest, but the project now faces further political and regulatory hurdles.
NSW generator says $5m doesn’t buy power shock protection
Vales Point-owner Delta Electricity says $5m is too low collateral to safeguard against so-called Black Swan events which could rock the electricity market. It thinks $20m is a fairer price.
Power giant reaches ‘greenwash’ settlement
A first of its kind case in Australia has targeted ‘carbon-neutral’ marketing claims, marking the first time a major energy provider faced legal action for alleged greenwashing.
Victoria acknowledges ‘renewable energy drought’ risk
Victoria is committed to Australia’s most aggressive renewable energy plan, which is acknowledged is exposed to unfavourable weather. It insists, however, it can manage that risk.
US credit rating downgrade to drag on ASX opening
Moody’s decision to strip the US of its triple-A credit rating is a red flag for local investors but it’s the Reserve Bank’s rates discussion which is weighing on many.
Korean giant joins the hunt for offshore gas
The move underscores growing global interest in Australia’s tightening east coast gas market, which is projected to face supply shortfalls as early as 2029.
Original URL: https://www.theaustralian.com.au/author/colin-packham/page/3