The domestic and international effects of the COVID-19 pandemic have had impacts on energy prices and emissions that look positive at first glance – a pre-existing decline in wholesale electricity prices
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Manufacturers need to confront high energy prices: analysts
The message from energy market analysts to manufacturers? Get used to higher prices.
At least, that was the view of four analysts at the National Energy Summit on October 10. While there was disagreement
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Consumers driving energy change: Deloitte
Deloitte has released a new report highlighting how innovation in the energy sector is not just coming from the supply side, but instead, from those who use energy.
Noting that “communities and consumers,
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COAG to decide final direction of NEG today
The Council of Australian Governments (COAG) Energy Council, comprising state and territory energy ministers, headed by Federal Energy Minister Josh Frydenberg, is meeting today to decide whether the
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SA power prices to become world’s most expensive
From July 1, South Australia will surpass Denmark as having the most expensive power in the world.
Energy companies AGL, EnergyAustralia and Origin Energy will all be increasing their electricity prices
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SA plastic recycling facility shut due to power prices
Adelaide recycling business Plastics Granulating Services (PGS) has been forced to close due to power bill increases of $100,000 over the past 18 months.
According to managing director Stephen Scherer,
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Alan Finkel warns over lack of action on climate
Australian chief scientist Alan Finkel will today profess his support for a clean energy target, which he believes will have the lowest impact on power prices compared to other schemes.
According to Finkel,
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Australia’s biggest manufacturer backs clean energy target
Australia’s biggest manufacturer, steel giant BlueScope, has controversially backed a clean energy target for the energy sector.
It is unreasonable to favour the provision of affordable and reliable
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Townsville’s potential as a manufacturing hub
Townsville has been highlighted as a potential manufacturing hub, particularly for solar panels and renewable energy projects.
At a recent Business Advisory Council meeting of the Palaszczuk government,
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Telstra’s power costs up $100m; company calls for price correction
Telstra has reportedly seen its power costs increase by $100 million in the past year, with a senior executive calling on Industry Minister Arthur Sinodinos for urgent action to address Australia’s
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Crunch time for gas users, with possible cut-offs in peak period predicted
Australian industrial gas users are seeing prices doubling – if they can get contracts at all – with the next two years cited by Manufacturing Australia as a “crunch point” for customers.
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AGL urged to find workable power deal to save 2,000 Portland jobs
AGL has been warned that an unreasonable deal on power for the troubled Alcoa Portland smelter could hurt the power company’s reputation, with a decision on the future of the aluminium plant expected to come in the next fortnight.
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Hazelwood shutdown dangerous for Portland smelter
The Portland aluminium smelter would be at a heightened risk of closure if the Hazelwood power station shut, an outcome which may be decided next month.
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Energy risks – and opportunities – for manufacturers in the renewables transition
Electricity is a major cost for many manufacturers and a business-critical requirement for all. Price and reliability matter. And right now both seem to be under a cloud. In South Australia, contract prices have been increasing sharply, and short-term spot prices reached extraordinary highs in July.
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Gas prices and global competition
Australian manufacturers are facing ever-escalating prices for gas. In 2016, local spot gas prices have gone from being substantially less than those in Japan to being substantially more. Spot prices will put pressure on contract prices.
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Environmental activists, VIC/NSW governments to square off over gas
The NSW and Victorian governments are considering action – including dropping current moratoriums on exploration – to deal with the east coast gas shortage.
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Australian gas cheap for export customers, expensive for local manufacturers
Australian industrial customers have seen gas prices nearly double and these are expecting to worsen, with the possibility of shortages, while the commodity is being exported at cheap prices to Asian customers.
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Shell/BG merger raises local gas availability concerns: ACCC
The ACCC’s chairman has raised concerns about Royal Dutch Shell’s $70 billion takeover of BG Group worsening east coast gas availability and prices.
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Gas prices to more than double for industrial users: ANZ report
LNG exports will displace iron ore as Australia’s major export in coming years, but domestic prices will rise steeply and will harm industrial users, according to a new ANZ report.
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Santos enters into gas supply contract with Alcoa
Santos and Alcoa have today announced a five-year contract for natural gas supply, starting in 2018 and worth 82 petajoules over five years.
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