The agreement, signed by Mr Morrison and LNG exporters Australia Pacific LNG, Queensland Curtis LNG and Gladstone LNG, aims to ensure more gas is offered to the domestic market, more often, and on more competitive terms. It will also aim to secure competitively-priced gas supply for the east coast market at least until 2023. Mr Morrison said cheaper and more reliable energy was central to Australia s economic recovery and the government s JobMaker plan. Gas is critical to our economic recovery and this agreement ensures Australian businesses and families have the gas supply they need at the cheapest possible price, the Prime Minster said.
Massive class action against power generators Country s largest energy class action will be launched in the Federal Court alleging two electricity generators manipulated prices.
News by Glen Norris
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Subscriber only AUSTRALIA S largest energy class action will be launched in the Federal Court on Wednesday alleging two Queensland Government owned electricity generators manipulated prices. The action, initiated by law firm Piper Alderman and backed by litigation funder LCM, has been filed on behalf of 40,000 customers who paid for electricity in Queensland between January, 2015 and January, 2021. The majority of registrants in the case against the generators, CS Energy and Stanwell, are residential users but more than 1600 businesses also have signed on.
15 January 2021
The Australian Energy Market Commission will fast-track an assessment of proposed new energy market rules that aim to identify emerging risks to electricity security risks requested by Australia’s energy ministers.
Federal, state and territory energy ministers requested the new electricity security rules, that would require regulators to undertake a general power system risk review (GPSRR), to identify emerging risks to system security.
Initiating the rule change request assessment on Thursday, the AEMC said the general power system risk review process would complement an existing ‘Power System Frequency Risk Review’ process that examines risks related to frequency control measures.