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    Energy prices

    This Month

    Spending addiction fuels a new decade of deficits

    This pre-election budget includes $300 in power bill discounts for every household, $1.9 billion in rent assistance and $14 billion in tax credits for critical mineral miners and green hydrogen producers.

    • Phillip Coorey

    April

    Qantas and Airbus have committed to investing $300 million to accelerate the establishment of a SAF industry in Australia.

    Green fuels are not the future – they’re just about here

    Porsche-backed HIF Global wants to build a plant in Tasmania. Others are eyeing Townsville. But they need the government to push customers their way.

    • Angela Macdonald-Smith
    Alinta CEO Jeff Dimery says the easy wins are over in the energy transition and it’s harder from now on.

    ‘Australians will have to pay more for energy in future’: Alinta CEO

    Jeff Dimery called for an honest debate about the costs of the energy transition and said consumers would inevitably have to pay more.

    • Angela Macdonald-Smith

    Queensland to make up Victoria’s gas shortfall this winter

    The outlook for July, August and September comes after the Australian Energy Market Operator last month warned of a deterioration in Victoria’s medium-term gas supply.

    • Ronald Mizen

    March

    The Yallourn coal power station in Victoria, the country’s most carbon-intensive, is due to run until 2028.

    Victoria’s gas aversion is driving emissions higher, energy users say

    Industry figures say Victoria’s attitude is raising energy prices and emissions and preventing the closure of coal power stations

    • Updated
    • Angela Macdonald-Smith
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    Exxon’s large West Barracouta domestic gas project came online in 2021.

    Australia dropped the ball on energy security: Exxon

    Forecast gas shortfalls in the southern states cannot be blamed on Queensland’s LNG exports, one of the east coast’s biggest gas suppliers says.

    • Angela Macdonald-Smith
    Senex CEO Ian Davies says it will soon be too late to address Australia’s gas supply problem.

    Gas CEOs dial up warnings as ‘crunch time’ looms

    Senex CEO Ian Davies and APA Group’s Adam Watson will warn of a “desperate” need for new gas supply to help cut emissions, and prevent higher costs for customers.

    • Angela Macdonald-Smith
    Damien Nicks, CEO of AGL at the Mount Beauty hydro scheme in Victoria.

    How this Deloitte auditor got his chance to rescue AGL as CEO

    Becoming a CEO was never a goal that drove Damien Nicks’ career, but when the energy company hit its lowest point, he knew it was the right time to step up.

    • Angela Macdonald-Smith
    Orica CEO Sanjeev Gandhi at the AFR Business Summit in Sydney on Tuesday.

    ‘Not a single cent’: Orica meets pushback on clean products

    Chief executive Sanjeev Gandhi said regulations forcing companies to switch to cleaner products are needed to overcome a refusal to pay more.

    • Angela Macdonald-Smith
    The scheme will underwrite new wind and solar farms, as well as the firming capacity to support them.

    Expanded renewables scheme to spur $67b of energy projects

    The scheme is intended to put Australia back on track to reach 82 per cent renewables by 2030 but how much it will cost taxpayers remains unclear.

    • Angela Macdonald-Smith
    Origin’s Eraring power station in NSW, the country’s largest, is due to close in 18 months unless extended.

    Eraring closure ‘tall order’ as plant underpins supply in heat spike

    The country’s largest coal power generator is scheduled to shut in 18 months as negotiations between its owner, Origin Energy, and the NSW government drag on.

    • Angela Macdonald-Smith

    February

    Origin owns Eraring power station.

    Power market in the dark as negotiations over Eraring drag on

    A burst of heat in NSW on Thursday looks set to reinforce how vital the generator is for keeping the lights on, adding pressure to the ongoing discussions.

    • Angela Macdonald-Smith and Samantha Hutchinson
    Woodside CEO Meg O’Neill in Sydney on Tuesday.

    Woodside heads for fresh clash on climate as profits slide

    The oil and gas producer’s pursuit of growth projects met with criticism from activist shareholder groups as benchmark profit dropped 37 per cent.

    • Updated
    • Angela Macdonald-Smith
    An earlier gas exploration well drilled in the Beetaloo Basin, about 500km south-east of Darwin.

    Tamboran records better-than-expected fracking results at Beetaloo

    The latest well drilled in the basin has proved the resource is commercial, with initial gas supplies targeted for NT buyers in early 2026, the company said.

    • Angela Macdonald-Smith
    EnergyAustralia MD Mark Collette at the Tallawarra B gas plant this month.

    EnergyAustralia lauds ‘marked improvement’ as losses narrow

    The electricity retailing and generation giant’s Hong Kong parent, CLP Group, said the company was on “a path to recovery” after several years of major losses.

    • Angela Macdonald-Smith
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    Dennis Barnes

    Inside Snowy 2.0: getting a $12b mega-project back on track

    The Florence tunnel boring machine will need to pick up the pace to 12-15 metres a day to stay on target as the scheme pursues Australia’s renewables dream.

    • Angela Macdonald-Smith
    Victorian Premier Jacinta Allan last week said that between bushfires in the state’s west and damaging storms in the east, about 15,000 calls were made to triple zero.

    More than 3000 still without power a week after Victoria storms

    Premier Jacinta Allan says her government will review last week’s mass outages which saw 530,000 homes and businesses lose power.

    • Gus McCubbing
    Mark Collette at Tallawarra B.

    EnergyAustralia’s big gas bet arrives as hydrogen runs down the clock

    EnergyAustralia has started up its Tallawarra B gas plant south of Sydney, with CEO Mark Collette saying gas will play a vital role to keep power supply secure.

    • Angela Macdonald-Smith
    Power lines came down in Anakie, near Geelong, as damaging winds battered the state.

    Victoria’s mass outage boosts call to bury power lines

    Energy expert Tony Wood says Victoria’s mass outage this week due to wild weather means underground transmission lines are worth considering.

    • Gus McCubbing
    Origin Energy CEO Frank Calabria in Sydney on Thursday.

    ‘Better if we are stronger’: Origin CEO defends profit surge

    The power and gas supplier has raised guidance for profits in its energy markets business for the full year, but advised that figure will likely fall next year.

    • Updated
    • Angela Macdonald-Smith