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The Latest Breaking News from Tony Wood

Victoria's Loy Yang A power station will close as early as 2035. What does that mean for energy generation in the state?

Victoria's largest power station will close a decade earlier than expected. With fossil fuels currently generating about two thirds of the state's power, what does this mean for the future?

ABC News

Government’s own maths says runaway energy bills about to get much worse – why not act?

Runaway energy bills a sign of the cost of government inaction as prices soar, although they could be reined in with simple regulation.

The New Daily

$Origin Energy quitting Beetaloo fracking project an 'indicator' of gas industry’s future, analyst says$

Origin Energy quitting Beetaloo fracking project an 'indicator' of gas industry’s future, analyst says

Origin Energy's decision to back out of plans to frack for gas in the Northern Territory's Beetaloo Basin could be an early indicator of "fossil fuels falling away", according to an energy analyst.

ABC News

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Regions will be the centre of energy shift

Regional communities must be included in planning and conversations about renewable energy, a national summit has been told.

AAP

Does carbon capture and storage work and can it help Australia achieve net zero by 2050?

The technology is being hailed as one way Australia can open new oil and gas projects while simultaneously combating climate change. But there are doubts CCS is up to the task.

ABC News

UK faces catastrophic winter as energy costs skyrocket: Is Australia safe from this crisis?

With the UK in for an astonishing surge in energy bills, many Australians are wondering if they too can expect their household costs to rise.

The New Daily

‘Completely laughable’: claims that a mine will create ‘more jobs per hectare’ than the Great Barrier Reef derided

Clive Palmer’s Central Queensland Coal suggested proposed coalmine is a ‘greater economic powerhouse’

The Guardian - AU

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Hunter needs far more from coal royalties, report says

The high-profile national policy think tank has joined calls for a public authority to coordinate economic transition in the Hunter and says the NSW government should direct far more coal royalties back to the region.

Newcastle Herald

‘Industrial revolution’: Australia’s decarbonisation needs rigorous management, thinktank warns

Grattan Institute paper recommends allowing trading of carbon credits and a firm limit on emissions for country’s largest polluters

The Guardian - AU

Regulator reveals huge investment needed to reach net zero by 2050

Australia must invest at least $12.7 billion in the electricity grid as “urgently as possible” to push ahead the transition to net zero, AEMO says.

The New Daily

Does Australia need Tasmania to become a multi-billion-dollar 'Battery of the Nation'?

As coal-fired power stations close down, there is a push for the renewables-rich state of Tasmania to become the "Battery of the Nation". The problem is, no one knows who will foot the multi-billion-dollar bill.

ABC News

UK inflation has hit a 40-year high. Here's what that means for Australia

Inflation is soaring to new highs in major global economies and Australia is not immune.

ABC News

‘High-risk’ energy overhaul could prop up fossil fuels, experts warn

Australian consumers may end up paying to extend the lifespan of fossil fuels unless a planned overhaul of the electricity market is handled carefully.

The New Daily

Politics with Michelle Grattan: Tony Wood on the unprecedented energy crisis

As the energy crisis continues to grip Australia’s east coast with consumers told to limit their consumption and warnings of blackouts Tony Wood, director of the energy program at the Grattan Institute, speaks with Michelle Grattan about why this has happened and what can be done to fix the system.

The Conversation

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The New Daily

AEMO has taken over the national energy market. Here’s what that means

Australia's energy crisis reached a high point on Wednesday when AEMO suspended the national electricity market to control runaway prices.

The New Daily

Bowen faces calls to slug gas companies with windfall profits tax

The Albanese government is facing renewed calls to introduce a windfall profits tax on the mostly foreign-owned gas industry.

ABC News

How the planned 'hydrogen hub' near Whyalla could help Australia's gas crisis

The SA government has committed to building a "hydrogen hub" on the state's Eyre Peninsula. So what is being proposed, and how could it be used to help our energy-hungry world?

ABC News

Snowy Hydro will not produce power until end of the decade, adding more pain to energy market woes

The signature energy reform piece of the previous government will not start producing electricity until late this decade, presenting another energy market headache for the country.

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ABC News

Scientists warn backing fossil fuel projects like Woodside's Scarborough will make meeting climate targets more difficult

Climate scientists are warning now is not the time to back big new gas developments, as the new Albanese government throws its support behind Woodside's mega Scarborough gas projects.

The New Daily

Peter Dutton hints at controversial shift towards nuclear power

New Opposition Leader Peter Dutton appears set to bring a debate about nuclear power back to the centre of Australian politics.

The New Daily

Newly installed federal government faces a tough test on gas prices

Long suffering energy consumers who have seen power prices spike now face rising gas prices from July 1, as shortages cause wholesale prices to spike.

The New Daily

‘Unprecedented’: Electricity customers told to find new retailers

Small energy retailers are urging their customers to switch to other companies in an unprecedented move driven by rising wholesale electricity prices.

The Guardian - AU

Energy retailer tells more than 70,000 customers to go elsewhere or face doubling of prices

ReAmped Energy chief executive says he would rather people were ‘getting better deals’ amid soaring wholesale prices

The New Daily

Huge electricity price hike imminent as regulators jack up default offers

More than 700,000 Australian households will see their energy bills soar on July 1 after key regulators approved significant increases to maximum

ABC News

Power prices to surge up to 18.3 per cent as energy market turmoil flows through to households

Benchmark power prices will rise by up to 18.3 per cent as the energy industry watchdog seeks to pass on rocketing production costs to consumers.

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