Why are power prices likely to keep surging, and where do we go from here? We may be in the early stages of an energy price shock comparable to the 1973 oil price crisis.
Electricity spot prices are 10 times the normal cost. Here are some possible reasons why So far this year, average spot prices have been about 50% higher than last year in Victoria, South Australia and Tasmania, about 80% higher in NSW, and 150% higher in Queensland.
Cannon-Brookes’ play for AGL heralds a new dawn for Australian electricity AGL's coal generators have become an albatross, and the company lacks the capital or ambition needed to complete the transition to renewables more quickly.
Despite Morrison’s wishes, pumped hydro isn’t our energy future, it’s our past It’s now beyond dispute that, for new electricity generation, solar, wind and other forms of renewable energy are cheaper than anything else.
iSelect’s record $8.5 million fine highlights a systemic problem in the energy-comparison market The $8.5 million fine imposed on iSelect in Australia for misleading conduct confirms the appalling state of the price-comparison market.
