Power bill shocks will remain a threat unless Australia weans itself off coal and gas reliance, says the head of the east-coast electricity grid.
designed to prevent future shortfalls on the east coast. Opposition Leader Peter Dutton warned it would deter investment and lead to even higher prices.
“That is not actually a major intervention or, you know, the sort of remarkable rhetoric we’ve seen from some over recent days – shrill and unhelpful and laughable rhetoric that we’ve seen from some.”AEMO has become increasingly vocal about the need to upgrade the grid to cope with periods of 100 per cent renewable energy, which could happen as early as 2025.
In a speech delivered late last week, Westerman argued that even after factoring the cost of new transmission lines, wind and solar remain “by far” the cheapest forms of newly built power generation. According to the Australian Energy Regulator, wholesale prices for gas in Sydney, Melbourne and Brisbane have more than quadrupled since 2020-21.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Football Australia vows to find wild fans whose violent pitch invasion shocked AustraliaFootball Australia says it plans to use the full force of its powers to sanction individuals involved in the Melbourne derby pitch invasion. 7NEWS
Read more »
Australia’s latest Covid wave nears peak but cases to stay high through Christmas, experts sayNew variants and wet weather still driving infections as people urged to be mindful of vulnerable
Read more »
Ending 'gas dependency' key to slashing power billsThe head of the Australian Energy Market Operator (AEMO) has warned today that Australia must accelerate its transition to renewable energy if it wants to avoid future price shocks. 9News
Read more »
Ukraine warns of long outages after wave of Russian strikes hit power gridKyiv mayor says only one-third of residents have heat or water after volley of missiles cut power to the capital and 14 regions
Read more »
Russia-Ukraine war at a glance: what we know on day 297 of the invasionKharkiv left without power, heating and water after new wave of Russian missile strikes across country
Read more »