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Energy, Gas Prices Surge Amid Coal Plant Outages and Cold Weather


Energy, Gas Prices Surge Amid Coal Plant Outages and Cold Weather
A sequence of unforeseen coal power plant outages and cold weather has put a severe strain on Australia’s electricity grid, sending energy and gas prices soaring.
The National Electricity Market witnessed a threefold increase in consumer spot prices, reaching an average of $120 per megawatt-hour (MWh) in June, compared with around $43 per MWh for the same month last year.
This comes amid increased reliance on pricier gas power after two unplanned coal power plant shutdowns. First, the fire and explosion at Queensland’s coal-fired Callide Power Station in May, which left 400,000 homes without power. Then second, flooding near Victoria’s coal-fired Yallourn Power Station in Latrobe Valley forced the coal-driven generators to limit output last month over safety concerns. ....

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Empire Energy Group Ltd (ASX:EEG) $21 million Beetaloo Drilling Grants Approved


Empire Energy Group Ltd (ASX:EEG) $21 million Beetaloo Drilling Grants Approved
  
$21 million Beetaloo Drilling Grants ApprovedSydney, July 8, 2021 AEST (ABN Newswire) - Empire Energy Group Ltd (
Highlights:
- The Federal Government has approved up to $21 million in grant funding to Empire under the Beetaloo Cooperative Drilling Program
- The funding will support the drilling and flow testing of up to 3 fracture stimulated horizontal appraisal wells in Empire s 100% owned EP187 tenement, additional seismic acquisition and other associated costs
- Empire s planning for its first fracture stimulated horizontal appraisal well later this year is well advanced and fully funded
- Empire expects to commence drilling its first horizontal appraisal well, which will benefit from the grant funding, in Q4 this year (subject to NT Government approvals which are well advanced) ....

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Australia's First Gas-Hydrogen Hybrid Power Station to Help Replace Coal


Australia’s First Gas-Hydrogen Hybrid Power Station to Help Replace Coal
New South Wales has secured an $83 million (US$64 million) gas-hydrogen hybrid power station, Tallawarra B, following the planned closure of the Liddell coal-fired power plant in 2023.
The closure of Liddell was announced in 2019 and will see the exit of 1,680 MW of reliable energy from the power grid, which forced the NSW government to scramble for alternative sources of power and set a target of 1,000 MW to replace the loss in energy capacity partially.
EnergyAustralia’s Tallawarra B will contribute 316 MW of capacity to the National Electricity Market, playing a crucial role in Liddell’s replacement. ....

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