Queensland’s energy supply crisis has triggered calls for an inquiry into the state’s surging electricity prices. Wholesale prices leapt to a record $283 per megawatt-hour last month and are the highest in the nation. Spot prices have also surged to $15,100/MWh eight times in Queensland in the last 12 months. Generators were again selling electricity…
‘Apocalyptic’ Energy Prices Create Perfect Storm for Australian Government
June 3, 2022
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anthony albaneseAustraliaBusiness & Economyeconomic policieselectricity pricesInternationalPeter DuttonRichard MarlesWorld
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“Apocalyptic” energy prices are testing the new Australian government with Prime Minister Anthony Albanese conceding there is little the federal government can do to alleviate the burgeoning crisis which has hit amid a winter polar vortex. Speaking to ABC Radio in Perth on June 3, Albanese blamed the current challenges of the local gas sector—which…
Australia Told Power Bills Will Be a Challenge: Deputy PM
There’s no short-term solution to the pain of rising power bills for households already dealing with broader cost-of-living spikes, the federal government says. Power retailers have been warning bills will rise from July in line with higher prices in wholesale energy markets. Deputy Prime Minister Richard Marles has acknowledged energy costs were going to be…
American Families Will Face Rising Electricity Prices in Coming Months, or Longer
Many Americans have felt the pain of inflation at the gas pump or when buying groceries. But not all have noticed that electricity prices have also quietly gone up. For this coming summer, or maybe a much longer time, more American families will be hit by hefty electricity bills. According to the U.S. Energy Information…
UK Wholesale Energy Prices Soar After Power Grid Hit by Fire
A fire has caused a power link between the UK and France to be shut off, leading to a jump in wholesale electricity prices. The National Grid said its site at Sellindge in Kent was evacuated on Wednesday morning following the fire. The blaze and planned maintenance means the Interconnexion France-Angleterre (IFA) interconnector will be…
Extinction Rebellion Fossil Fuels Protest Disruption in 2 Australian Cities
Australian Extinction Rebellion (ER) activists blocked four lanes of traffic in the capital city of Canberra and protested in Melbourne on Aug. 3, demanding the Australian government immediately cease what it deems as ‘fossil fuel fervour’ and instead focus on fighting carbon dioxide emissions. The crowd caused severe disruption to commuters passing by the head…
Blackouts Loom in California as Electricity Prices Are ‘Absolutely Exploding’
June 29, 2021
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blackoutsCaliforniadecarbonizationelectricity pricesfossil fuelNatural gasOpinionRenewable EnergyViewpoints
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Commentary Two inexorable energy trends are underway in California: soaring electricity prices and ever-worsening reliability—and both trends bode ill for the state’s low- and middle-income consumers. Last week, the state’s grid operator, the California Independent System Operator, issued a “flex alert” that asked the state’s consumers to reduce their power use “to reduce stress on the grid and avoid…
Ontario’s Electricity Subsidies That Shift Costs to Taxpayers Are Unsustainable: Report
Ontario’s electricity sector has been struggling with the increasing system costs, but the government’s rate subsidies that shift the costs to taxpayers are unsustainable, according to the latest report. The report (pdf), titled “Power Surge: The Causes of (and Solutions to) Ontario’s Electricity Price Rise Since 2006,” published Tuesday by the C.D. Howe Institute, found…
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