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28 April 2021 As the Australian energy market awaits the release of detailed proposals for energy market reforms drafted by the Energy Security Board, expected to be released this week, there is growing concern in the industry that major incumbent fossil fuel companies have already received an early drop. The Energy Security Board has been working on proposals for a post-2025 redesign of the National Electricity Market, a job it was tasked to undertake by energy ministers under the former COAG Energy Council. This work is expected to culminate in the release of final a final package of recomm...

Origin seeks to gain from coal power cutbacks Apr 28, 2021 – 5.21pm Save Share Origin Energy is understood to have opted to cut back generation at its huge coal power station in NSW in favour of buying cheap electricity from the wholesale market early this year in an example of the responses by traditional generators to the soft demand and prices plaguing the sector. The approach by Origin, which partly explains the drop in the running rate of Eraring noted in the Australian Energy Market Operator’s March quarter report, would result in cost savings as it took advantage of lower pri...

Up to five of Australia’s remaining 16 coal power plants could be financially unviable by 2025 due to a flood of cheap solar and wind energy entering the electricity grid, a new report suggests. An analysis by two groups – the consultants Green Energy Markets and the Institute for Energy Economics and Financial Analysis (Ieefa) – found previous estimates had understated the amount of renewable energy likely to enter the national electricity...

Cities in China go dark as electricity is rationed for millions Cities in China go dark as electricity is rationed for millions By Vivian Wang Normal text size Advertisement In the city of Yiwu in eastern China, authorities turned off streetlights for several days and ordered factories to open only part-time. In coastal Wenzhou, the government ordered some companies not to heat their offices unless temperatures are close to freezing. In southern Hunan province, workers have reported climbing dozens of flights of stairs after elevators were shut down. Large swathes of China are scrambling to r...