Struggling Australian households could expect lower power bills this year after new figures showed wholesale electricity prices fell dramatically in 2023. According to the Australian Energy Regulator’s (AER) latest report, wholesale electricity prices fell by between 44 per cent and 64 per cent last year. Average annual east coast gasContinue Reading
Australians could face higher power prices for years to come as ageing coal-fired power generators exit the energy grid and authorities grapple to deliver transmission projects, the energy regulator says. The stark warning comes in the latest ‘State of the energy market’ report for 2023, released by the Australian EnergyContinue Reading
The country’s electricity regulator has warned of an increased risk of rolling blackouts this summer across South Australia and Victoria amid drier, warmer conditions. In its 2023 Electricity Statement of Opportunities Report (ESOO), the Australian Energy Market Operator (AEMO) blamed insufficient investment for the possible outages. AEMO chief executive DanielContinue Reading
Millions of households are set to benefit from a cash windfall this winter after the announcement of a massive statewide energy rebate scheme. The Queensland government announced on Tuesday the roll out of its new energy bill relief scheme as part of the 2023 state budget. Under the scheme, whichContinue Reading
Peter Dutton has hit out at the Albanese government amid warnings millions of Australians face gas shortfalls this winter and hundreds of thousands of people’s energy bills will soar. The Australian Energy Market Operator has forecasted gas shortfalls, starting this year and continuing until at least 2026, as offshore productionContinue Reading