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The Latest Breaking News from Aer

Santos just copped a large fine. What did the oil and gas company do?

South Australian oil and gas company Santos has been hit with a A$2.75 million fine for breaching its record-keeping obligations.

The Conversation

Modest power price drops for NSW, South Australia

The federal energy regulator's latest default market offer will see bills reduce for NSW and SA customers but a rise for those in Queensland.

AAP

Why are some Australian households about to be charged for generating too much solar power?

NSW energy firms can impose fees on households exporting surplus power – but there are ways to minimise the charge

The Guardian - AU

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Extreme weather sparks higher wholesale energy prices

Some of the most extreme weather Australia has ever seen is proving to be the "X-factor" for power bills as wholesale energy prices rise.

AAP

Australia’s power regulator drafts price cuts of up to 7.1% for households as generation costs ease

The AER releases draft ‘default market offer’, which proposes the maximum amount retailers can charge for electricity

The Guardian - AU

Bill shock to ease as cost of power falls, solar shines

Consumers are set to benefit as the national electricity grid uses less coal and gas-fired electricity and the share of renewable energy hits a record.

AAP

These 2 Air Transport Stocks Could Be in for Some Sky-High Profits

A strengthening economy, which should come into play in 2024 as the result of a cessation of interest rate increases, and eventual cuts, should benefit not only cash strapped small businesses, but the consumer as well. And if there is one thing a consumer does in the U.S. it’s spend…

StockNews.com

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Australian electricity networks raked in $2bn in ‘superprofits’ from customers, thinktank says

The takings amounted to between $80 and $400 for each customer, including $2bn in the 2022 fiscal year alone

The Guardian - AU

Power station fined for law breach after explosion

A Queensland coal power station was operating without required regulatory approval when it was taken out by an explosion, authorities say.

AAP

Gas giant Santos taken to court for auction breaches

The energy regulator has accused Santos of breaching record-keeping obligations for pipeline capacity but the gas company says the rules were too complex.

AAP

More clean energy needed to keep energy costs down

Four coal-fired power stations are due to close in the next decade.

Newcastle Herald

Buy Alert: 3 of the Top-Rated Logistics Stocks in the Industry

The logistics industry is well-positioned for growth due to the growing demand for online shopping, expansion in international trade, and adoption of cutting-edge technologies to reduce costs and streamline operations. To that end, it could be wise to buy fundamentally strong logistics stocks Radiant Logistics (RLGT), AerCap Holdings (AER), and…

StockNews.com

Australian governments need to set clear policy direction for gas sector, says regulator

A growing number of householders are turning off gas and bans on new connections are spreading

The Guardian - AU

Eastern Australia hit with rising electricity prices despite record warm weather

Wind output reached record levels in June in the national electricity market, the Australian Energy Regulator said

The Guardian - AU

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StockNews.com

Top 3 Air Freight Stocks to Keep on the Radar

After overcoming the obstacles posed by the pandemic, the air freight industry has experienced a remarkable recovery and is positioned for strong growth in the coming years. Therefore, it might be wise to invest in fundamentally sound air freight stocks AerCap Holdings (AER), Universal Logistics Holdings (ULH), and Radiant Logistics…

ABC News

Class action launched against AGL over alleged competition and consumer law breaches

Class action proceedings are launched against AGL Energy accusing it of breaching the competition and consumer act in relation to bidding in the South Australian region of the National Energy Market.

ABC News

Why are electricity prices rising in July? How can I cut costs? Your energy questions answered

Energy costs are set to rise, once again. Here's a breakdown of what's happening, along with answers to some of your burning energy questions.

The Guardian - AU

Electricity prices to rise by up to a quarter in parts of Australia after energy regulator issues market default decision

Australian Energy Regulator says power bills would have gone up twice as fast without government intervention

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ABC News

Electricity prices to rise by up to 25 per cent in NSW, south-east Queensland, South Australia and Victoria

The Australian Energy Regulator confirms electricity price rises will increase by a rate higher than its draft offer, which will come into effect on July 1.

The Conversation

Alberta election: Is the province's energy regulator acting in the public interest?

Alberta’s claims that it’s a responsible energy producer are increasingly ringing hollow.

StockNews.com

Opportunity Knocking: Add These 2 Shipping Bargains to Your Portfolio

The shipping industry is expected to benefit from the growth of e-commerce and the rising adoption of technologies such as artificial intelligence. So, fundamentally strong shipping stocks AerCap (AER) and Radiant Logistics (RLGT), trading at discounts, might be solid additions to your portfolio. Keep reading.

ABC News

Why are electricity prices set to rise in some states? What can I do to save on electricity?

Power bills look set to rise for many Australians from July — but that all depends on where you live and which energy provider you're with.

ABC News

How will Queenslanders be impacted by the surge in electricity prices?

Grocery store operator Jane Yap says she's paying 40 per cent more for electricity compared with the same time last year. Now, bills are expected to increase yet again.

The Guardian - AU

Most Australian states face sharp power bill rises, despite government’s intervention

Energy regulators issue draft default market offer, which set cap for this year’s increases

ABC News

Rooftop solar poised to become Australia's biggest power source amid coal's demise

A new report says more than 3.4 million Australian customers have a rooftop solar system, with the rate of new installations running at roughly 300,000 a year, accelerating the decline of fossil fuel-fired power.

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