After the latest meeting between the federal Government and the heads of the three big east coast gas exporters, Prime Minister Malcolm Turnbull says the companies have given commitments to ensure that the east coast gas market will be supplied.
Prime Minister Malcolm Turnbull continues to nag the major gas suppliers about shortages on the east coast but finds himself under growing pressure to act rather than talk.
By general consensus the Government’s meeting with the major gas producers last week has averted an immediate crisis of a major gas shortage in 2018 and 2019.
Before he took the Liberal leadership from Tony Abbott one of the key elements that distinguished Malcolm Turnbull from his predecessor was his support of market-based solutions for economic problems.
The Coalition continues to be bedevilled by energy policy and the high gas and electricity bills being delivered to households around the country.
The Australian Energy Market Operator has cited climate change, and the potential for large fossil fuel generators to fail in the summer heat-wave as the biggest threats to Australia’s electricity supplies in the coming years.
Prime Minister Malcolm Turnbull says “it is simply not good enough” that some electricity consumers cannot always afford to turn on their lights, heating and equipment.
Energy ministers of the federal, state and territory governments have agreed to implement 49 of the 50 recommendations from the Finkel Review of the electricity sector.
Resources Minister Matt Canavan says the federal Government will complete a study into offshore gas basins in southern Australia, as part of a $90 million investment in domestic gas security and supply.
Ahead of the much anticipated presentation of Chief Scientist Alan Finkel’s final report on the national energy market to the COAG meeting in Hobart, there were signs that the major political parties were moving towards a possible breakthrough.
Ahead of the final Finkel Report on the energy industry a new report says that wholesale electricity prices are above long-run costs because of policy uncertainty triggered by protracted political in-fighting about carbon pricing.
Energy Minister Josh Frydenberg has announced plans to amend the Clean Energy Finance Corporation Act to allow investment in carbon capture and storage (CCS).
The federal Government has released the Low Emissions Technology Roadmap that was commissioned last year from the Commonwealth Scientific and Industrial Research Organisation (CSIRO).
Energy and Environment Minister Josh Frydenberg has again ruled out introducing an emissions intensity scheme (EIS), saying it would threaten the stability of the electricity sector.
Resources Minister Matt Canavan says 21 new areas in Commonwealth waters will be made available for oil and gas exploration this year.
A report released by the Clean Energy Regulator (CER) detailing Australia’s progress towards its 2020 renewable energy target reveals record high investment in renewables in 2016.
Prime Minister Malcolm Turnbull has been damping down a series of brushfires, including a suggestion by his predecessor Tony Abbott that he step into prevent the closure of Victoria’s Hazelwood power station.
The federal Government has directed the Australian Competition and Consumer Commission (ACCC) to review retail electricity prices.
With the energy crisis, we are once again witnessing a failure of policy development.
Australia faces a choice between power cuts and limiting gas supplies for residential and industrial users, according to an assessment by the nation’s main energy market regulator, the Australian Energy Market Operator.
The South Australian government will spend $550 million on a new package designed to stabilise its electricity system.
Prime Minister Malcolm Turnbull has announced a scheme to expand the output of the Snowy Hydro scheme by 2000 megawatts using pumped hydro storage.
The federal Government and the gas industry have agreed on measures that will help deliver cheaper and more reliable energy to Australian households and increase gas supplies for businesses, according to Prime Minister Malcolm Turnbull.
Federal Labor has again urged the adoption of its proposed national interest test that could impose a domestic gas quota on large LNG projects.
There are official warnings that Australia’s gas supply could soon fall short, causing problems in both the residential and industrial sectors.
Prime Minister Malcolm Turnbull says he has had an “in-depth” discussion with technology entrepreneur Elon Musk about the future of electricity supply in Australia.
Dairy industry leaders have expressed alarm at the possible impacts of the rising prices for gas.
The political theatre of Malcolm Turnbull’s new ‘tough guy’ persona and the more serious but unenlightening debate around the short comings of the major parties’ approaches to energy policy largely over-shadowed the important policy and Budget debate around the Government’s welfare and child care package.
Prime Minister Malcolm Turnbull seized the first opportunity in the year’s parliamentary sittings to launch a blistering personal attack on Labor leader Bill Shorten and his state Labor colleagues over “unrealistic” targets for renewable energy.
Prime Minister Malcolm Turnbull has accused the Labor State governments of “a shocking failure of leadership” by setting “unrealistic” renewable energy targets.