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The Latest Breaking News from Energy

Q+A panellists back Labor's grand plan on rewiring the energy grid but warn 'it won't be easy'

Thursday's Q+A panel was unanimous in its support for Labor's elaborate plan on re-wiring the energy grid and hoped the current crisis would create political will for a massive shift in how the country's energy market works.

ABC News

Grattan on Friday: Everything, it seems, is conspiring to test the Albanese government

On Thursday Anthony Albanese and Energy Minister Chris Bowen formally updated Australia’s international commitment for its proposed climate change action. It’s now a 43% reduction in emissions by 2030, in line with the policy Labor took to the election.

The Conversation

Cooking gas price to rise slowly

The Energy Policy Administration Committee (Epac) has decided to have the price of liquefied petroleum gas (LPG), which is used as household cooking gas, gradually increase over the next three months.

Bangkok Post

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As the eastern states face an energy crisis, Victoria may be in a slightly better position. Here's why

Experts say the state's brown coal reserves could provide a "safety net", but ageing power plants and instability from the interconnected national energy market may still pose a threat.

ABC News

Supply tight, but blackouts likely avoided

Anthony Albanese's government is monitoring the energy situation closely to determine what changes need to be made to improve how the market operates.

AAP

Lebanon Extends Licensing Deadline for Gas Exploration

Lebanon’s caretaker energy minister on Wednesday extended the licensing deadline for oil and gas companies to explore in the country’s territorial waters until mid-December, to give more firms the chance to bid, state-run news agency reported. The decision by the minister, Walid Fayyad, to extended the deadline of the second…

Asharq Al-Awsat

Govt at odds with Bank of Thailand over raising rates

Government leaders are publicly making a case for keeping interest rates lower for longer, a call that is putting them at odds with the nation’s monetary policy makers who are keen to raise borrowing costs sooner to keep inflation from overheating.

Bangkok Post

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SA Energy Minister Tom Koutsantonis says blackouts unlikely, but system is broken

South Australia's energy minister says the national energy market is "broken" but it's "unlikely" the state will suffer any blackouts after warnings of power uncertainty across Australia.

ABC News

New energy subsidy being devised

The Energy Ministry will aim to cap the retail price of diesel at no more than 35 baht per litre until the end of this month as it waits for new energy price subsidy measures to be approved, permanent secretary for energy Kulit Sombatsiri said on Tuesday.

Bangkok Post

Joe Biden Is Coming for Your Gas Furnace

A new proposed regulation from the Department of Energy would effectively require homeowners to shift to more expensive, more efficient condensing gas furnaces.

Reason

Lebanon Preparing to Offer Compromise on Maritime Spat with Israel, Officials Say

Lebanon is preparing to offer a compromise to US energy envoy Amos Hochstein to resolve a dispute with Israel over maritime gas resources, three Lebanese officials with knowledge of the negotiations told Reuters. Hochstein landed in Beirut on Monday at the invitation of the Lebanese government, which had objected to…

Asharq Al-Awsat

Synergy coal power stations including Muja to close as WA Government prioritises renewable energy

Western Australia's government calls time on its involvement in coal power, declaring the state will exit the market before 2030 and plough billions of dollars into renewable energy and storage.

ABC News

NSW energy outages possible tonight as prices soar

The operator warned on Tuesday that NSW could face blackouts from between 5.30pm and 9pm.

Newcastle Herald

NSW energy outages possible as prices soar

NSW could face blackouts on Tuesday evening as the cold affects electricity supplies and the energy minister admits the sector is facing huge challenges.

AAP

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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.

Reuters

Bulgarian foreign, energy ministers quit, deepening coalition crisis

Bulgaria's foreign and energy ministers resigned on Monday after their party, the populist ITN, quit the governing coalition last week, compounding the Balkan country's political crisis.

The Hindu

Andhra Pradesh: BEE ropes in CII in preparing energy efficiency action plan

Target is to achieve 45% reduction in energy intensity by 2030, says official

ABC News

Queensland has eight coal-fired power stations. What's their future?

Queensland's eight coal power stations have had several unplanned outages recently, contributing to energy price increases. But what will happen to these stations in the future?

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The Canberra Times

Could Australia's climate wars be coming to an end?

The latest energy ministers' meeting could well mark the start of a cooperative path forward for a new federal government.

Reuters

What does a diplomatic row mean for Spain's Algerian energy supplies?

Algeria suspended a 20-year friendship treaty with Spain this week and moved to limit trade with its northern neighbour, raising more questions about the potential impact on the long-established gas business between the two countries.

AAP

Coal unit will be out for longer: AGL

As the energy debate continues to generate political heat, AGL says one of its units at Victoria's Loy Yang plant will remain offline until late September.

Bangkok Post

Oil refineries face state price cap

Energy authorities are considering imposing a price cap on oil sold by Thai refineries to better control energy inflation, with ongoing measures to tackle the problem scheduled to end this month.

Newcastle Herald

Funding turbo-charge 'critical' to future energy supply: MP

The NSW government has announced $1.2 billion to boost renewable energy infrastructure, with the Waratah Super Battery set to be the first beneficiary.

The New Daily

Cost-of-living crisis another case of runaway inflation

Both a full-blown cost-of-living crisis and a related but independent energy crisis have broken out in the past month, as Labor takes the government reins.

Bangkok Post

New measures planned to tame energy costs

Fresh measures are being prepared to control the rising price of energy, and rein in the cost of living, with existing measures set to expire at the end of this month, Energy Minister Supattanapong Punmeechaow said on Thursday.

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