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The Latest Breaking News from Tony Wood

Regulator reveals huge investment needed to reach net zero by 2050

Australia must invest at least $12.7 billion in the electricity grid as “urgently as possible” to push ahead the transition to net zero, AEMO says.

The New Daily

Does Australia need Tasmania to become a multi-billion-dollar 'Battery of the Nation'?

As coal-fired power stations close down, there is a push for the renewables-rich state of Tasmania to become the "Battery of the Nation". The problem is, no one knows who will foot the multi-billion-dollar bill.

ABC News

UK inflation has hit a 40-year high. Here's what that means for Australia

Inflation is soaring to new highs in major global economies and Australia is not immune.

ABC News

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‘High-risk’ energy overhaul could prop up fossil fuels, experts warn

Australian consumers may end up paying to extend the lifespan of fossil fuels unless a planned overhaul of the electricity market is handled carefully.

The New Daily

Politics with Michelle Grattan: Tony Wood on the unprecedented energy crisis

As the energy crisis continues to grip Australia’s east coast with consumers told to limit their consumption and warnings of blackouts Tony Wood, director of the energy program at the Grattan Institute, speaks with Michelle Grattan about why this has happened and what can be done to fix the system.

The Conversation

AEMO has taken over the national energy market. Here’s what that means

Australia's energy crisis reached a high point on Wednesday when AEMO suspended the national electricity market to control runaway prices.

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.

The New Daily

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How the planned 'hydrogen hub' near Whyalla could help Australia's gas crisis

The SA government has committed to building a "hydrogen hub" on the state's Eyre Peninsula. So what is being proposed, and how could it be used to help our energy-hungry world?

ABC News

Snowy Hydro will not produce power until end of the decade, adding more pain to energy market woes

The signature energy reform piece of the previous government will not start producing electricity until late this decade, presenting another energy market headache for the country.

ABC News

Scientists warn backing fossil fuel projects like Woodside's Scarborough will make meeting climate targets more difficult

Climate scientists are warning now is not the time to back big new gas developments, as the new Albanese government throws its support behind Woodside's mega Scarborough gas projects.

ABC News

Peter Dutton hints at controversial shift towards nuclear power

New Opposition Leader Peter Dutton appears set to bring a debate about nuclear power back to the centre of Australian politics.

The New Daily

Newly installed federal government faces a tough test on gas prices

Long suffering energy consumers who have seen power prices spike now face rising gas prices from July 1, as shortages cause wholesale prices to spike.

The New Daily

‘Unprecedented’: Electricity customers told to find new retailers

Small energy retailers are urging their customers to switch to other companies in an unprecedented move driven by rising wholesale electricity prices.

The New Daily

Energy retailer tells more than 70,000 customers to go elsewhere or face doubling of prices

ReAmped Energy chief executive says he would rather people were ‘getting better deals’ amid soaring wholesale prices

The Guardian - AU

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The New Daily

Huge electricity price hike imminent as regulators jack up default offers

More than 700,000 Australian households will see their energy bills soar on July 1 after key regulators approved significant increases to maximum

ABC News

Power prices to surge up to 18.3 per cent as energy market turmoil flows through to households

Benchmark power prices will rise by up to 18.3 per cent as the energy industry watchdog seeks to pass on rocketing production costs to consumers.

Autosport

Why there was more to Monaco than Leclerc’s Lauda Ferrari crash

The 13th Monaco Historique was about much more than Charles Leclerc’s unfortunate crash while demonstrating an ex-Niki Lauda Ferrari 312B3.

The Guardian - AU

Australia’s biggest industrial players are focusing on climate solutions – why isn’t the political debate?

Tomago Aluminium previously said shifting away from coal could lead to blackouts – now it’s publicly embracing renewables in the middle of an election campaign

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The Guardian - AU

The Coalition-News Corp attack on Labor’s energy policy is all too familiar

A simplistic claim about power price hikes splashed across tabloid front pages on Tuesday could seed confusion and doubt

ABC News

Federal Election 2022: Scott Morrison pledges $140m for hydrogen hubs in WA

An investment in hydrogen hubs unveiled by Scott Morrison on Tuesday could open the door to Australia producing green steel and other critical metals for export, a national energy expert says.

The Canberra Times

The Green Machine marks 40 years

The Canberra Raiders are more than a rugby league club - over 40 years they've become an essential part of the fabric of Canberra, writes RON CERABONA

ABC News

As the owner of Australia's biggest coal plant locks in a closing date, others are ramping up

Tens of millions of dollars are being spent prolonging the lives of some Australian coal-fired power stations, despite some high-profile closures.

ABC News

Australians install record amounts of rooftop solar despite lockdown, supply chain pressures

Border lockdowns and supply chain disruptions fail to slow the rampant uptake of rooftop solar in Australia where householders installed record amounts of new capacity last year.

The Guardian - UK

UK inflation jumps to 30-year high of 5.4% as cost of living crisis deepens – as it happened

Food prices, furniture, clothes and housing costs rise; unions urge government to tackle cost of living crisis as pressure builds for February rate hike

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