Australia’s wholesale power prices double in a year as coal-fired power plants falter

The jolt in costs is being blamed mostly on more expensive fossil fuels and falling reliability of coal-fired power plants

Wholesale power prices in Australia’s main electricity market continued to rise in the first three months of 2022, more than doubling the cost a year earlier, with the increase blamed mostly on more costly fossil fuels and the falling reliability of coal-fired power plants.

Renewable energy, meanwhile, grew its share of the market to more than one-third, pushing carbon emissions from the largest polluting sector to new lows, according to the quarterly energy dynamics report from the Australian Energy Market Operator (Aemo).

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European gas firms seek ways to pay after Putin’s roubles demand

Energy suppliers in Germany and Austria confirm they are looking at sanctions-compliant methods

Energy companies in Europe are considering opening Russian accounts to pay for gas from Gazprom after Vladimir Putin’s regime cut off supplies to Poland and Bulgaria and insisted other countries must pay in roubles.

Big gas distributors in Germany and Austria confirmed they were seeking ways to continue to make payments after Putin signed a decree at the end of March calling for a “special procedure for foreign buyers’ fulfilment of obligations to Russian suppliers of natural gas”.

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Russia accused of blackmail after gas supplies to Poland and Bulgaria halted

EU hits out at move that Kremlin says is response to countries’ failure to pay in roubles

Europe appears to be on the brink of an energy crisis that could further drive up household bills after Russia halted gas supplies to two EU countries and threatened others, in a move condemned by European leaders as blackmail.

The immediate consequence of Gazprom’s decision to stop supply to Poland and Bulgaria while warning other nations opposed to Russia’s war in Ukraine that they could soon be hit was a 20% rise in the wholesale gas price.

In an address in St Petersburg, Vladimir Putin said any countries attempting to interfere in Ukraine or creating “unacceptable strategic threats for us” would be met with a “lightning-fast” response from Moscow. He claimed he had “all the tools for this – ones that no one can brag about … We will use them if needed. And I want everyone to know this. We have already taken all the decisions on this.”

The UN secretary general, António Guterres, arrived in Ukraine committing to evacuate civilians and seek a diplomatic way to end the war, after his controversial meeting with Putin and the Russian foreign minister, Sergei Lavrov, in Moscow on Tuesday.

Serhiy Volyna, the acting commander of the 36th marine brigade in the besieged port city of Mariupol, said hundreds of civilians including children were living in unsanitary conditions and running out of food and water.

The interior ministry of Moldova’s breakaway region of Transnistria issued a statement claiming it had come under attack from Ukraine, raising fears that the country would now be dragged into active conflict.

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How worried should Europe be as Russia starts cutting off gas supplies?

Analysis: Putin is determined to use resource as a weapon, as shown in move to cut off Poland and Bulgaria

The unavoidable truth looming over Europe’s response to the invasion of Ukraine is that Russian gas heats the continent’s homes and powers its industries.

While European leaders have vowed to wean themselves off Kremlin-controlled supplies, both of gas and oil, the reality is that this is very hard to do in short order. There will be at least one more cold winter to come before major energy-hungry economies that rely heavily on Russia, such as Germany and Italy, can tap other sources.

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Public lands to reopen for oil and gas drilling in a first under Biden

Interior department raises royalty rates by 50% as administration juggles high oil prices and climate impact

As federal officials weigh efforts to fight the climate crisis against pressure to bring down high gasoline prices, the interior department is moving forward with the first onshore sales of public oil and natural gas drilling leases under Joe Biden.

The move also calls for a sharp increase in royalty rates for companies, ostensibly to limit global emissions driving the climate crisis, though economists say the effect will be relatively small.

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‘Firms will go bust’: Germany prepares for a future without Russian gas

Germany is bracing for supplies to be cut by Moscow in retaliation for sanctions or as part of an energy embargo

In Germany, they call it “Day X”. Businesses up and down the land are making contingency plans for what is seen as a growing likelihood that Russian gas will stop flowing into Europe’s biggest economy.

“It would be a disaster – one which would have seemed almost unthinkable just two months ago, but which right now feels like a very realistic prospect,” the owner of a hi-tech mechanical engineering company in western Germany said. The firm produces everything from battery cases for electric cars to train clutch systems.

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Germany will stop importing Russian gas ‘very soon’, says Olaf Scholz

Chancellor declines to endorse claim by Boris Johnson during London visit that goal will be achieved by mid-2024

The German chancellor, Olaf Scholz, has said his country is doing all it can to wean itself off Russian energy, but declined to endorse a claim by Boris Johnson that it would stop importing Russian gas by the middle of 2024.

Scholz said only that the goal would be achieved very soon, and that Germany would stop using Russian coal by the summer and Russian oil by the end of the year.

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PM to put nuclear power at heart of UK’s energy strategy

Plan will not please environmental campaigners, who say it fails to meet government’s net-zero targets

Boris Johnson is to put nuclear energy at the heart of the UK’s new energy strategy, but ministers have refused to set targets for onshore wind and vowed to continue the exploitation of North Sea oil and gas.

Amid deep divisions among senior Conservatives, the strategy will enrage environmentalists, who say the government’s plans are in defiance of its own net-zero targets and neglect alternative measures that experts say would provide much quicker relief from high energy bills.

Increasing nuclear capacity from 7 gigawatts to 24GW

Offshore wind target raised from 40GW to 50GW (from 11GW today)

Solar could grow five times from 14GW to 70GW by 2035

An “impartial” review into whether fracking is safe

Up to 10GW of hydrogen power by 2030

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Putin’s daughters targeted in US sanctions against Russia

Joe Biden links new measures directly to accounts of atrocities committed by Russian forces in Bucha

The US has announced a new round of sanctions targeting Russia’s top public and private banks and two daughters of Vladimir Putin, following mounting global accusations of Russian war crimes in Ukraine.

The sanctions targeted Maria Vorontsova and Katerina Tikhonova, two adult daughters of Putin’s with his former wife Lyudmila Shkrebneva.

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Ministers launch fracking study, paving way to end moratorium in England

Conservatives seek to examine latest techniques, citing rising energy costs

Ministers have paved the way for a reconsideration of the moratorium on fracking in England by commissioning a new study to examine safety concerns about the controversial practice.

In an effort to decrease Britain’s reliance on imported energy given spiralling costs, the business secretary, Kwasi Kwarteng, said it was “absolutely right that we explore all possible domestic energy sources”.

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Coalition tries for third time to let renewable energy agency fund technologies using fossil fuels

New rules could allow Arena to back developments that use CCS, such as that of ‘blue’ hydrogen made with gas, Senate hears

The Morrison government has launched a third attempt to change the Australian Renewable Energy Agency (Arena) to allow it to fund a broader range of technologies, including some using fossil fuels.

The Senate has twice in the past year used a disallowance motion to block new regulations introduced by the energy and emissions reduction minister, Angus Taylor, to expand Arena’s remit to include backing technologies such as hydrogen made with gas and carbon capture and storage (CCS).

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Coal seam gas company Arrow Energy fined $1m for breaching Queensland’s land access rules

Investigation began after discovery of ‘deviated’ wells drilled from neighbouring properties

The Queensland government has fined coal seam gas company Arrow Energy $1m for breaches of land access rules over four years, after an investigation into allegations the company drilled diagonally beneath farmland without notifying the landholders.

The fine is among the most significant non-compliance penalties ever issued to a resources company in Queensland. Groups that have raised concerns against the rapid spread of the coal seam gas wells in Queensland’s farming communities say the penalty is a “small start”, but that landholders’ rights to object to gas drilling must now be strengthened.

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UN head says time for Russia to end ‘unwinnable’ Ukraine war

Leaders from the bloc to meet on Thursday to discuss support above the €1.2bn emergency fund already agreed

The UN secretary general, Antonio Guterres, has said it is time for Russia to end its “absurd” and “unwinnable” war in Ukraine, as the EU prepared to set up a “trust fund” aimed at helping Kyiv repel the invasion and rebuild afterwards.

Speaking to reporters at the UN’s headquarters in New York, Guterres said the war was “going nowhere, fast”. For more than two weeks, the devastated southern city of Mariupol had been encircled by Russian forces, bombed and shelled, he said.

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Germany agrees gas deal with Qatar to help end dependency on Russia

Long-term contract will not immediately stop flow of money to Russia, for which German ministers have been criticised

Germany has agreed a contract with Qatar for the supply of liquefied natural gas (LNG) that will help the European country wean itself off its dependency on Russian energy.

But the contract is a long-term solution and will do little to slow the current flow of European money into Russian coffers, estimated to be worth $285m (£217m) a day for oil alone.

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What would increasing Saudi Arabian oil production mean for the climate?

Explainer: Boris Johnson has asked Saudi Arabia to pump more oil; what implications would this have?

Why are Saudi Arabia and the United Arab Emirates being asked to pump more oil?

Western powers are looking for ways to keep the pressure on Russia during its invasion of Ukraine. Some countries have committed to phasing out Russian oil and gas, while others are still investigating ways of doing this. Saudi Arabia is one of a number of countries, along with Venezuela and Iran, that might be able to plug the gap in oil production.

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Johnson compares Putin to drug dealer ahead of Saudi Arabia trip

British PM hopes to persuade Gulf state to raise oil and gas production to reduce reliance on Moscow

Boris Johnson has compared Vladimir Putin to a drug dealer who managed to hook western nations on Russian supplies of oil and gas, ahead of a trip to the Middle East in an attempt to diversify the sources of Britain’s energy imports.

The UK prime minister urged European countries to “get ourselves off that addiction” and said he wanted support from “the widest possible coalition” to help offset the pressures caused by spiralling oil and gas prices.

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‘We’re ready’: UK anti-fracking activists prepare to fight resurgence plans

Boris Johnson’s suggestion practice could re-emerge after invasion of Ukraine has rallied campaigners

Anti-fracking campaigners have vowed to give energy firms “no peace” if the government lifts the moratorium on fracking, pledging “inconvenient and noisy” protests at every site.

Steve Mason, campaign director of Frack Free United, said there was an army of retired “geri-activists” ready to lie down and face prosecution for the cause again.

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Stranding of three whales in Corfu raises alarm over seismic testing for fossil fuels

While cause remains unconfirmed, green groups fear the three whales could be the ‘tip of iceberg’ with many more animals hurt

Environmental groups have linked the beaching of three whales in Corfu to seismic testing for oil and gas in the waters off the Greek island.

Two Cuvier’s beaked whales were found stranded at Arillas and Agios Gordios beaches on the west of the island on 20 February. A third beaked whale ran ashore on Agios Gordios beach the day after.

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UK to phase out Russian oil imports by 2023 and explore ending gas imports

Analysts warn of a difficult and expensive transition that could push Britain into recession

Britain and the US together moved to ban Russian oil on Tuesday in the biggest financial crackdown on Moscow since its invasion of Ukraine two weeks ago.

In a move likely to hit the Kremlin’s coffers hard, as well as further raise petrol prices and feed inflation in the west, Boris Johnson said stopping imports of Russian oil by the end of 2022 was “another economic blow to the Putin regime”.

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Energy crisis: UK could learn from Fukushima response, MPs told

Japanese measures including turning down the heating and slower trains could ease pressure on British households, say experts

Britain could learn from Japan’s response to the Fukushima nuclear plant disaster by reducing energy consumption to deal with soaring global gas prices after the Russian invasion of Ukraine, academics have said.

Suggesting a coordinated response to record gas prices could help ease the pressure on households, experts told MPs on the Commons business committee that steps to reduce national demand for gas-fired power next winter could be deployed.

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