Taxpayers would be forced to foot the bill for a portion of the Coalition’s mooted nuclear energy push, the opposition has confirmed, as it bats away questions over the cost, timeframe and commercial viability of local nuclear generation. Speaking on Sunday, opposition energy spokesman Ted O’Brien said Commonwealth funds wouldContinue Reading
Labor has been slammed for being “obsessed” with renewables and “out of touch” on its nuclear energy policy, ahead of a major climate change conference in the Middle East. Shadow Attorney-General Michaelia Cash accused Energy Minister Chris Bowen’s opposition of having a “completely, totally and utterly out of date” onContinue Reading
Once-in-a-decade weather events are set to increase electricity demand across Australia this summer, threatening blackouts and energy grid reliability. The Australian Energy Market Operator warned weather conditions this summer would likely hike up electricity demand for households and businesses across the country. Following the release of their 2023-24 Summer ReadinessContinue Reading
Gas cookers and heaters around Australia will form a critical plank in the road to renewable energy, with most states and the federal government ruling out bans on new home connections despite an assault by Victoria and some councils. With the European Union designating gas a green energy last year,Continue Reading
Australians have reacted to Philip Lowe’s interest rate apology with fury, with many now calling on the RBA boss to resign – or even face legal action. On Monday morning, Dr Lowe issued a stunning apology to Australians who took out a mortgage – during a period of record propertyContinue Reading
Reserve Bank governor Philip Lowe has apologised to Australians who may regret taking out a home loan off the back of guidance that interest rates would remain unchanged until 2024. Appearing before a Senate estimates hearing on Monday morning, Dr Lowe said it was “regrettable” that the RBA did notContinue Reading