Energy

Energy Minister Chris Bowen and his opposite number Ted O’Brien have both promised to lower household bills, offering voters a stark choice between a renewables-based power grid or a dramatic shift to nuclear.

It’ll be a big ask to hit clean energy targets and ensure power is reliable and affordable.

JACKSON HEWETT: With prices to rise as much as 9 per cent next year, the country’s power sector is due for a shock.

Resources Minister Madeleine King has hosed down North West shelf approvals pressure and threats made by JERA about ditching local LNG over red tape, saying the Japanese giant has a “habit” of raising concerns.

The resources sector is increasing the pressure on the Federal Government to make an urgent decision on Woodside Energy’s North West Shelf after a major buyer threatened to walk away over approval delays.

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Woodside boss Meg O’Neill has declared opponents of the Karratha Gas Plant life extension are effectively pro-coal, following reports the project could become a bargaining chip in a hung parliament.

Lower oil and gas prices have dragged down underlying profit at Woodside Energy, dropping 13 per cent to $US2.88 billion ($4.54b) — a fall from the previous year’s $US3.32b.

Petrol retailer and refiner Ampol’s profits have been smashed but the company reckons fuel demand will stay strong until the 2030’s amid a slow energy transition.

The Federal Environment Department has pushed out its deadline for making a decision about extending the life of Woodside’s North West Shelf Venture by a month. And it could be even longer.

Industry leaders have urged the nation’s politicians to centre Australia’s post-election energy decisions on science and economics rather than engage in fractious partisan debate. 

Origin Energy boss Frank Calabria says the national energy grid rules need to be rewritten to keep power reliable as more renewable projects come online.

Anthony Albanese has accused the Opposition of seeking to stifle investment in energy and industry as the Government reveals a months-long delay for its new emissions reduction target.

The Albanese Government claims Opposition Leader Peter Dutton is ‘torpedoing his own credibility’ in the latest round of the political fight over Australia’s energy future. 

Coalition Leader Peter Dutton has pledged to ‘keep the lights on’ while unveiling a $331 billion plan to introduce nuclear energy to Australia by the mid-2030s.