Surging levels of renewable energy and better reliability from coal-fired generators are set to give consumers a break, with benchmark power prices to fall up to 10 per cent for consumers and more for small businesses.
A hot summer saw Australians use record amounts of electricity, but the growing share of renewable energy continued to push fossil fuels out of the grid, driving gas generation to its lowest level in 25 years.
The long-term outlook for Australia's liquefied natural gas exports is structurally constrained by declining demand, and the current war in the Middle East may hasten that shift away from gas, a new report claims.
Benchmark power prices across parts of the country will ease as renewables reduce wholesale costs for electricity, but the regulator warns its modelling does not account for the war in the Middle East.
The benefits of extremely low energy prices during the day are "washed away" by extremely high ones after dark. But there is light at the end of the tunnel.
The benefits of extremely low energy prices during the day are "washed away" by extremely high ones after dark. But there is light at the end of the tunnel.
Countries across the globe are racing to rewire their electricity systems for a decarbonised future. In Australia, delays are mounting, along with doubts about whether it can meet goals on schedule.
Mountains of clean power are regularly "wasted" as Australia's energy system evolves. But a large amount of battery storage is waiting in the wings, ready to soak it up.
There are mountains of clean power that regularly get 'wasted' as Australia's energy system evolves. But a large amount of battery storage is waiting in the wings, ready to soak it up.
Touted as a model for the energy transition, a "quick and easy" high-voltage powerline project linking South Australia directly to New South Wales is running dramatically over time and over budget.
Touted as a model for the energy transition, a "quick and easy" high-voltage powerline project linking South Australia directly to New South Wales is running dramatically over time and over budget.
One of the most powerful energy storage batteries in the world has been designed to back up NSW's grid.
Experts say Beijing's commitment to renewable energy is revolutionising the country's energy usage, and it could impact the fight against global warming and a key Australian industry.
Experts say Beijing's commitment to renewable energy is revolutionising the country's energy usage, and it could impact the fight against global warming and a key Australian industry.
For the first time, battery sales in Australia have surpassed sales of solar panels. Now retail giant Bunnings wants a piece of the action.
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