Category Archives: Energy

South Australia turns to diesel generators as gas shortage and price spike hits

Posted on by

Calls for faster transition away from ‘volatile’ fossil fuel supply as SA burns large amounts of gas and diesel

Australia’s east coast gas shortage has forced South Australia to turn to diesel generators in order to meet demand, prompting calls for a faster transition away from “volatile” fossil fuels towards renewable energy and storage.

According to the energy mix tracker published by the Australian Energy Market Operator (Aemo), South Australia’s energy mix around 9am Thursday morning was made up of 61% gas and 11% diesel, with wind and solar providing the rest.

Continue reading...

‘World of pain’: warnings of gas shortages amid soaring power prices add to Australia’s energy woes

Posted on by

Aemo has identified a possible shortfall of gas supplies on Thursday in Victoria, SA and Tasmania amid ongoing burst of cold weather

Australia’s energy woes are mounting with the market operator warning of potential gas supply shortages on Thursday, one of the largest generators issuing a profit warning and more retailers turning away customers as wholesale power prices soar.

Just hours after new treasurer, Jim Chalmers, warned of “this perfect storm of energy price spikes … doing enormous damage to our employers, to our households, and to our national economy,” spot power prices were soaring towards $1,000 per megawatt hour in most of the east coast grid after an alert – now cancelled – that Victoria was facing evening reserve shortages.

More concerning, though, was a separate warning by the Australian Energy Market Operator (Aemo) that it had identified a possible shortfall of gas supplies in Victoria, South Australia and Tasmania on Thursday amid an ongoing burst of cold weather.

Continue reading...

PM says ministry has more women than any other in history – as it happened

Posted on by

Guide Dogs Victoria CEO Karen Hayes resigns; at least 56 Covid deaths recorded. This blog is now closed

Quotas ‘might be’ something for Liberals to consider, Sussan Ley says

Deputy leader of the Liberal party Sussan Ley followed David Littleproud.

It doesn’t need to be legislated, however those policy discussions will happen through our party room and our shadow cabinet ... Demonstrating you’re serious about climate change doesn’t just include a conversation about targets.

Continue reading...

Hinkley Point B owner says it will not extend life of nuclear plant

Posted on by

EDF Energy tells staff reactors will be shut down in summer despite concerns of blackouts later this year

The owner of one of the UK’s six nuclear power plants has said it will not extend its life beyond a planned shutdown in summer, despite officials raising concerns over the danger of blackouts in the months that follow.

The French-owned EDF Energy sent a memo to staff on Monday in which it said it would not postpone the closure of the two reactors at Hinkley Point B in Somerset, which are scheduled to be shut down on 8 July and 1 August.

Continue reading...

Focus on battery storage could be a cost-effective energy goal for Albanese government, report says

Posted on by

With electricity bills soaring, a national Renewable Electricity Storage Target may be one way of achieving lower emissions – and lower prices

The Albanese government should redirect some of the $20bn earmarked for its Rewiring the Nation plan to support a storage goal that would turbocharge the take-up of batteries and other methods to store power, according to a Victoria Energy Policy Centre report.

The paper, released on Tuesday by the independent group, said the market alone was unlikely to achieve either the bipartisan-supported net zero emissions goal by 2050 nor Labor’s pledge to lift Australia’s current 2030 emissions reduction goal by almost two-thirds. The former would require a 20-fold increase from existing storage levels.

Continue reading...

G7 countries to stop funding fossil fuel development overseas

Posted on by

Ministers from world’s biggest economies reach agreement that could shift estimated $33bn a year to clean energy sources

The world’s biggest economies are to stop funding any overseas fossil fuel development from the end of this year, in a move likely to choke off some of the investment in “carbon bombs” that are imperilling efforts to meet the world’s climate targets.

The agreement could shift about $33bn (£26bn) a year from fossil fuels to clean energy sources, according to analysts’ estimates.

Continue reading...

AGL’s coal implosion shows what a disorderly transition to clean energy looks like

Posted on by

What happens from here is unclear, but the company’s turmoil can’t be divorced from the Coalition’s policy failures

The spectacular implosion at AGL Energy, Australia’s biggest corporate greenhouse gas polluter, has been years in the making and should have ramifications across Australia’s political and business classes.

The short story is that this is what a disorderly transition to a clean economy looks like – the kind that we have long been warned will happen if governments don’t plan for the future.

Continue reading...

‘Highly implausible’ that new Galilee Basin coalmines would be profitable, study finds

Posted on by

Report says Adani’s Carmichael mine in central Queensland seems ‘rather a political decision, not an economically driven one’

Any new coalmines in Australia’s Galilee Basin, including Adani’s Carmichael mine, will not be economically viable in the long run under even the most generous assumptions about the future of the fossil fuel, according to an analysis by German academics.

The study, developed in conjunction with Australian experts, found it was “highly implausible” that mines in the central Queensland basin could run profitably and there was a high chance they would end up as stranded assets.

Continue reading...

Security warnings at UK nuclear facilities hit 12-year high as inspections fall

Posted on by

Exclusive: Fears over regulator’s ability to cope with planned expansion in nuclear energy

The number of formal reports documenting security issues at the UK’s civil nuclear facilities has hit its highest level in at least 12 years amid a decline in inspections, the Guardian can reveal.

Experts said the news raised concerns about the regulator’s capacity to cope with planned expansion in the sector.

Continue reading...

Penny Wong tells Pacific nations ‘we have heard you’ as Australia and China battle for influence

Posted on by

Foreign minister uses speech in Fiji to declare ‘this is a different Australian government’ that will act responsibly on climate change

The new foreign affairs minister, Penny Wong, has promised to treat Pacific island countries with respect, telling an audience in Fiji that Australia is “a partner that doesn’t come with strings attached” and won’t “impose unsustainable financial burdens”.

Wong promised to respect Pacific priorities and institutions as she set out an implicit contrast with China, which is pursuing a sweeping regional economic and security deal with Pacific nations that would dramatically expand Beijing’s influence and reach into those countries.

Continue reading...

Shell consultant quits, accusing firm of ‘extreme harms’ to environment

Posted on by

Caroline Dennett tells staff in video she made decision because of ‘double-talk on climate’

A senior safety consultant has quit working with Shell after 11 years, accusing the fossil fuel producer in a bombshell public video of causing “extreme harms” to the environment.

Caroline Dennett claimed Shell had a “disregard for climate change risks” and urged others in the oil and gas industry to “walk away while there’s still time”.

Continue reading...

The election revealed a shift in climate sentiment – but what will it mean for policy?

Posted on by

Labor’s climate plan is designed to limit the political risk of a scare campaign – but there are already calls for it to go beyond its headline commitments

It will take a while to untangle all the threads that led to Saturday’s extraordinary result, but there is little doubt this was the climate election Australians have long been told was coming.

A surge of Greens and Climate 200-backed teal independents turfed heartland Liberal MPs who were part of a government that claimed to be acting on emissions but wasn’t, pumped vast sums into fossil fuels and was considered a global blocker on addressing global heating.

Continue reading...

UK should expect high fuel bills for at least 18 months, E.ON boss says

Posted on by

Michael Lewis calls for substanstial government intervention to help people deal with costs

Consumers will have to cope with extraordinarily high fuel bills for at least another 18 months, the boss of Britain’s biggest energy supplier has said.

Michael Lewis, the chief executive of E.ON UK, called for “very substantial” government intervention to help people with escalating fuel bills, one of the biggest factors in the cost-of-living crisis.

Continue reading...

Australia’s oil and gas regulator criticised after chief hands out environmental ‘excellence’ awards at industry dinner

Posted on by

Regulator says outgoing boss Stuart Smith had no role in selecting winners and was invited to acknowledge his work over eight years

The outgoing head of Australia’s offshore oil and gas regulator has helped hand out awards to fossil fuel companies, including Santos, Inpex and Beach Energy, prompting criticism the body could be seen as “too close” to industry.

Stuart Smith, chief executive of the National Offshore Petroleum Safety and Environmental Management Authority (Nopsema), attended an industry conference dinner in Brisbane on Wednesday and assisted in handing out environmental and safety awards.

Continue reading...

EU plans ‘massive’ increase in green energy to help end reliance on Russia

Posted on by

European Commission says extra €210bn needed over next five years to pay for phasing out of Russian fossil fuels

The EU plans a “massive” increase in solar and wind power, and a short-term boost for coal, to end its reliance on Russian oil and gas as fast as possible.

In a plan outlined on Wednesday, the European Commission said the EU needed to find an extra €210bn (£178bn) over the next five years to pay for phasing out Russian fossil fuels and speeding up the switch to green energy.

Continue reading...

Industry call for Australia to ‘unlock wealth’ of new oil and gas fields at odds with IEA warning

Posted on by

Increasing supply is ‘absolutely part of the solution’ to decarbonising the economy, Appea chair tells conference

Fossil fuel representatives have joined the Morrison government in rejecting scientific warnings that no new oil and gas fields should be opened if the world is to deal with the climate crisis, with a national conference hearing Australia should be “smart enough” to back continued expansion.

Increased gas and oil supply was “absolutely part of the solution” to decarbonising the economy, the annual conference of gas industry group the Australian Petroleum Production and Exploration Association (Appea) was told.

Sign up to receive an email with the top stories from Guardian Australia every morning

Continue reading...

Living costs in outer suburbs would be slashed under plan to ‘electrify everything’, analysis finds

Posted on by

Fitting every home with solar panels and batteries and replacing gas devices and petrol cars could save households more than $5,000 a year

A plan to “electrify everything” with rooftop solar, batteries and electric vehicles would save households across the country more than $5,000 a year and particularly benefit those living in outer Melbourne suburbs, according to a new analysis.

Electrification would involve fitting every home with solar panels and batteries and replacing gas devices – cooktops, hot water and heating systems – and petrol cars with electric models.

Sign up to receive an email with the top stories from Guardian Australia every morning

Continue reading...

John Kerry warns a long Ukraine war would threaten climate efforts

Posted on by

Exclusive: US presidential envoy says limiting global heating to 1.5C could be made harder by conflict

The longer the war in Ukraine carries on, the worse the consequences will be for the climate, the US presidential envoy John Kerry has warned.

Many countries are struggling with an energy crisis while also urgently needing to cut greenhouse gas emissions to limit global heating to 1.5C, he said.

Continue reading...

AGL reveals demerger would cost $260m as Mike Cannon-Brookes tries to block plan

Posted on by

Atlassian cofounder says released details prove the split would be a ‘terrible outcome’ for energy giant’s shareholders

The planned split of AGL Energy that billionaire Mike Cannon-Brookes is trying to foil will cost $260m upfront and $35m in extra costs per year for the demerged entities, documents from the energy giant show.

In separate releases to the ASX on Friday afternoon, AGL laid out its details of the demerger ahead of a 15 June vote by shareholders. As the biggest shareholder following his purchase of a 11.3% holding, Cannon-Brookes can block the move with the support of another 13.7% of share owners.

Continue reading...

Keeping coal-fired power plants running is a ‘dangerous game’ for Queensland Labor, expert says

Posted on by

Political scientist says state’s decision to rule out closing power stations shows major parties are ‘wedged’ on climate change

Queensland’s Labor government is playing “a dangerous game” with coal that could hurt the party’s chances in inner-city Brisbane in the federal election, according a political expert.

On Wednesday, the state energy minister, Mick de Brenni, ruled out closing any of Queensland’s eight coal-fired power plants, despite plans to achieve net zero emissions by 2050.

Sign up to receive an email with the top stories from Guardian Australia every morning

Continue reading...