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The Latest Breaking News from Chris Bowen

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

Regulator takes control of power system, suspending national market

"It has become impossible to operate the spot market in accordance with the provisions of the rules," the operator said.

Newcastle Herald

ACT's big power consumers placed on alert over forecast 'lack of reserve' in network

ACT to assist should electricity load shedding be needed

The Canberra Times

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Power companies accused of engineering crisis for profit

Multibillion-dollar power companies left Australia under a threat of blackout on Tuesday night after they removed electricity from the grid for profit.

The New Daily

The Loop: Electricity supply issues spread across Australia, share markets slump again, and are you going to eat that salad?

Get up to speed on today's headlines with The Loop.

ABC News

Fetch Thy Candlesticks Playing Cards ‘Cos Most Of Aus Is Facing Power Outages This Week

Putting on all of my socks & jumpers in preparation.

Pedestrian.tv

Federal government optimistic east coast blackouts can be avoided today

Federal Energy Minister Chris Bowen is confident the east coast can avoid blackouts and load shedding today, despite further dire warnings about demand for electricity outstripping supply.

ABC News

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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.

The New Daily

Regulator steps in to avoid blackouts

Australia's eastern states are facing blackouts, with the energy market operator forced to intervene.

AAP

How much are power prices increasing by? Why are they going up? What can I do to save on electricity?

We're all bracing for higher electricity prices to kick in from July 1, but just how steep the increase will be depends on which state or territory you're in.

ABC News

Chris Bowen warns energy generators against market manipulation amid crisis

Minister say he’s not aware of any specific allegations but ‘would not tolerate’ inappropriate behaviour

The Guardian - AU

As the temperature cools, the heat is on Chris Bowen

Gas shortages, reported delays to major projects and coal-fired power woes are among the gifts handed to the new energy minister

The Guardian - AU

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.

The Canberra Times

Energy market turmoil: Snowy Hydro delayed until 2028 while coal plants run at half capacity

Cold snap and gas shortages spike electricity prices amid multiple outages at coal-fired power stations

The Guardian - AU

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The New Daily

Ministers addressing our spiralling energy crisis have ignored the greatest opportunities

While we have two separate energy crises, an electricity price crisis and gas price crisis, they both have the same problem – our reliance on fossil fuels.

The Conversation

Grattan on Friday: If the Albanese government did what really needs to be done, it would be a very big target

Usually the speeches of treasury secretaries are relatively bland, echoes of their political masters. But an address this week from Steven Kennedy was something quite different.

ABC News

Australia's energy ministers have an 11-point plan. Here's why it won't ease prices any time soon

Amid a "perfect storm" for energy prices and Australians' surging power bills, energy ministers across the country were meeting to make a plan. Here's what we know about it.

The Guardian - AU

Labor wants review of Australia’s gas supply trigger ‘within weeks’ to avoid future shortage

Cabinet agrees to extend mechanism into next year and review will look at supply as well as prices

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The Guardian - AU

Nation records 59 Covid deaths as NT announces closure of quarantine facility – as it happened

This blog is now closed

AAP

Cabinet backs in energy market changes

Federal cabinet has endorsed a range of gas market measures to back decisions made by Australia's energy ministers on Wednesday.

The Conversation

Australian Energy Market Operator to have power to acquire gas for emergencies

The Australian Energy Market Operator will be given the power to procure and store gas for release in emergency situations.

Reuters

Australia takes steps to avert future energy crises

Australia's national and state ministers on Wednesday backed plans to spur investment in energy sources to supplement wind and solar, and to give the energy market operator authority to buy gas reserves needed to avert future fuel crises.

ABC News

Chris Bowen backs renewables and storage as energy ministers agree on plan to fill supply gap

A plan agreed to by the nation's energy ministers would see retailers required to pay power providers to maintain extra capacity, with the federal Minister for Energy pushing renewables.

The Guardian - AU

Bowen says ‘no silver bullet’ to lower prices as energy market operator given power to buy and store gas

Increasing spare electricity capacity and the development of a transition plan to reduce emissions among decisions at ‘very collegiate’ energy ministers meeting

ABC News

Eastern states' energy ministers urged to look to WA for solutions to energy crisis

Far removed from the turmoil unfolding in the eastern states, Western Australia is enjoying some of the cheapest and most stable energy prices in the developed world.

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