Australia to lift electricity market suspension as prices ease
New South Wales' eight million residents were urged last week to save electricity over shortage fears.
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New South Wales' eight million residents were urged last week to save electricity over shortage fears.
As Australians pay the price for decades of poor energy planning, the two single greatest beneficiaries of high electricity prices are Hong Kong billionaires Michael Kadoorie and Li Ka-Shing. Callum Foote reports on two of the big winners from Australia’s electricity crisis.It’s another big week in the energy crisis.
The east coast energy crisis has smashed EnergyAustralia, dragging the whole business of its owner CLP Group in Hong Kong into the red for the June half.
Two coal-fired power station units returned to service over the weekend, bolstering electricity supply to the beleaguered east coast market.
Labor says Australia must get through winter before looking at a COVID-19 royal commission; ESB says capacity mechanism to speed up energy transition. Follow updates here.