Page 45 - Ausnet Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

28 May 2021 One of the Victorian regions hardest hit by the catastrophic Black Summer of 2019/2020 has been fitted with its first grid-connected community battery storage system, as part of a state government-backed plan to improve energy services in bushfire prone regions. AusNet Services said on Thursday that it had installed Gippsland’s first community battery in the fishing town of Mallacoota, a 1MWh BESS that had the potential to power 1,000 average homes for roughly two hours, and up to one day when combined with a generator. AusNet said the lithium-ion battery and generator would kee...

Date Time City of Ballarat to advocate for underground power lines The City of Ballarat resolved at its ordinary meeting on Wednesday night (26/5) to advocate for the Western Victoria Transmission Network Project to consider underground power lines. While Councillors said they supported renewable energy and its need for transmission into the electricity network, Council will advocate for the WVTN Project to consider underground power lines where possible. Council will also advocate for the transmission line route to use existing road, rail, and electricity easements. The WVTN project proposes...

Potato farmers are spitting chips and it could impact us all A $550m plan for cheaper energy prices for Victorians has sparked fury among potato farmers and food giant McCain. Business by Kieran Rooney and John Masanauskas 14th May 2021 11:22 AM Premium Content Subscriber only A mega powerline proposed through one of Victoria's top food bowls has McCain spitting chips, with the food giant warning more than 60,000 tonnes of annual potato crop is in jeopardy. Farmers and local communities between Melbourne and Stawell are up...

Follow the Leader On Tuesday night the Treasurer threw a cool $95bn at the economy and yesterday the local market plunged -50 points. The two are nevertheless largely uncorrelated. Our market fell because Wall Street fell. This is most evident in the technology sector recovering 0.8% yesterday when all about, other than telcos (+0.2%), closed down. The Nasdaq had plunged early on Tuesday night but made a full recovery. Given the big ticket items in the budget were well telegraphed I did note yesterday that perhaps the “clanger” would be a confirmed border closure until at least mid-2022. ...

Well in the end I was right – it was a quiet couple of days ahead of the budget, based on the ASX200 rising a net 17 points over Monday and Tuesday. And I was right in suggesting 7100 should offer support, as while the index did crash through yesterday to be down almost -100 points by midday, it recovered somewhat in the afternoon to close just under that level. It’s a moot point nonetheless, given Wall Street has had another swoon overnight and our futures are down -45 points this morning. It appears Monday’s session was indeed technically and thus algo driven on the break-up through ...