Australia: Lack of Planning Precipitated Energy Crisis

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Despite its abundance of fossil fuels and renewable energy resources, Australia has found itself trapped in a power crisis precipitated by escalating fuel prices. As it was hit by an early onset of winter that caused power demand to spike, many coal power plants were in either planned or unplanned maintenance, while gas power plants were unprofitable to run due to sky-high gas prices. Renewable energy infrastructure — including transmission and storage capability — has meanwhile not reached the scale required to completely fill the gap.

Gas Demand, Coal, Low-Carbon Policy, Policy and Regulation, Renewable Electricity
CCS and DAC companies get almost all they could hope for in sweeping legislation that greatly expands the market for carbon removal.
Wed, Aug 10, 2022
Replacing gas-fired power with a mix of renewables and battery storage could unleash a host of nearly insurmountable unintended consequences.
Fri, Aug 12, 2022
The natural gas market continued to be buffeted this week by a slew of long-term bearish fundamentals, although shorter-term bullish ones prevailed.
Fri, Aug 12, 2022