News
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May 2024 Electricity Market Review
Market Commentary An increase in spot wholesale futures prices in all states across the National Energy Market was triggered by a combination of a third consecutive month of nationwide wind drought, unplanned outages at Eraring and Vales Point power stations…
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Urgent Investments Needed in Australia’s Energy Market: AEMO
The Australian Energy Market Operator (AEMO) has released an essential update to the 2023 Electricity Statement of Opportunities (ESOO), highlighting the critical need for urgent investment in the National Electricity Market (NEM). This latest information significantly impacts the supply and…
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Renewables are the cheapest and nuclear the most expensive forms of energy- CSIRO
Australia’s most respected scientific body – The Commonwealth Scientific and Industrial Research Organisation (CSIRO) – has stated that renewable energy is much cheaper than any nuclear option. The latest GenCost report by CSIRO, in conjunction with the Australian Energy Market…
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Eraring Power Station to remain operational until 2027, possibly 2029
In a strategic attempt to safeguard against power price spikes and ensure energy stability, the New South Wales government has struck an agreement with Origin Energy to delay the closure of the Eraring Power Station until August 2027, with a…
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Federal Government’s Future Gas Strategy divides opinion
The Federal Government’s Future Gas Strategy has sparked significant debate among stakeholders throughout Australia. The Future Gas Strategy, a key initiative of the Federal Government, is designed to ensure that gas remains a significant part of Australia’s energy and export…
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