Latest
Batteries, coal push out East Coast gas shortage to 2029
Delays in coal power station closures and a wave of battery storage projects have cut expected demand for gas, helping ease the imminent threat of a shortfall.
Snowy suffers fresh pain over Kurri Kurri project delays and costs
S&P Ratings has warned that the cost blowouts at the project and at Snowy 2.0 mean the company will need more financial support from the federal government.
Power prices ‘to fall 10pc’ – but customer pain to stay
Households in NSW, SA and south-east Queensland should get a cut in bills on July 1, but that could be derailed by the turmoil in global energy markets.
The $300m power play: Inside the plan to save Tomago
The Albanese government says its plan to save a failing aluminium smelter will turbocharge Australia’s energy transition. But at what cost?
Woodside faces slower green ammonia start-up as customer demand lags
The delay to the start of low-carbon ammonia at a plant in Texas comes as the company confirmed its $7 billion target for clean energy investments by 2030 despite the Iran war.
This Month
US private equity buys JERA stakes in Gorgon, Ichthys LNG
The sale of minority stakes in two of Australia’s biggest LNG projects to MidOcean comes as prices for the fuel have surged with the shutdown of export giant Qatar LNG due to the Iran war.
As gas prices spiked this local producer couldn’t find a buyer despite 66pc discount
Origin Energy’s Queensland LNG venture is offering gas to east coast buyers at about a third of the price currently prevailing in the global export market.
There’s a sting in Santos’ win over activist greenwashing claims
The oil and gas giant saw off allegations it was misleading investors about its net zero emissions plans. But the decision has raised more questions.
February
EnergyAustralia plans retail revamp after competition dents profit
The CLP-owned energy group has pledged to modernise the technology in its retail business, after losing 83,000 customers in 2025 amid intense competition.
Waratah Super Battery faces longer delay in test for NSW grid
NSW’s flagship energy storage project won’t be fully online until late this year, eating into payments due to BlackRock-owned Akaysha Energy.
Tribeca makes bullish call on ‘deeply discounted’ Woodside shares
The energy giant’s acting CEO Liz Westcott said investors would soon come to understand the value of its huge Louisiana LNG project under construction in the US.
Discount U-GO delivers for Ampol as motorists drag heels on EVs
A pilot roll-out of unstaffed petrol stations has turned around underperforming sites and is delivering for customers, chief executive Matt Halliday says.
APA’s $480m gas grid splurge questioned ahead of government reforms
The pipeline owner is ploughing ahead with plans to boost capacity on its east coast gas grid, even though new gas market rules are yet to be nailed down.
$1b Transgrid blowout bill could be painful price of transition
Consumers will turn against the energy transition if they keep getting loaded up with billions of dollars of extra costs, experts warn.
Federal Court judge throws out greenwashing case against Santos
The shareholder activist group that brought the case says Santos’ behaviour on emissions claims should reinforce investor concerns about the company’s leadership.
Grid owner wants consumers to wear $1.1b cost blowout
Households and businesses would pay for three-quarters of a huge cost overrun at the EnergyConnect cable under a plan by NSW’s high-voltage grid owner.
AGL seeks wind project partners, sells telco arm to Aussie Broadband
AGL chief executive Damien Nicks said the group was tightening its focus on its capital management after posting a better-than-forecast first-half profit.
Origin Energy has power business humming, shares surge
The electricity and gas retailer jumped as much as 8.1 per cent despite the company reporting a 45 per cent drop in net profit to $557 million for the first half.
KKR deal ‘validates HMC’s transition strategy’: Di Pilla
HMC chief executive David Di Pilla said a $603 million commitment from KKR means the energy transition fund won’t need more equity for two to three years.
Octopus strikes deals for $3.3b battery outlay
The acquisition of projects Queensland includes one set to be the country’s biggest battery, as NSW kicks off its largest rollout of big batteries.
Home batteries smash records, but households miss out on extra dollars
Many Australians are not getting the full value of their solar and storage because they are not confident about signing up to virtual power plant programs.
CEFC, River Capital take punt on huge Tiwi carbon project
The government’s green bank and the Melbourne-based investor are tipping in $81 million to help fund one of the country’s biggest nature-based carbon projects.
Investors in Qld renewables rattled by government policy shift to gas
Clean energy investors in Queensland have been shaken by the government’s retreat from a wind project and by a move to pause approvals for two big batteries.
January
‘Landmark moment’: Record renewables drive down cost of power
Renewables and batteries met more than half of power demand in the national market for the first time over the December quarter, driving down wholesale prices.
Victoria sets August date for revived offshore wind auction
Bids will be invited for 2 gigawatts of offshore wind capacity in a process that had been indefinitely delayed last year.
