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1 week ago      Leave a Comment
As renewables play a greater role in the British market, they are making the price of power increasingly unstableAs the sun shone on millions of solar panels and unseasonable gusts turned thousands of turbine blades last Sunday, something remarkable happened to Britain’s power grid.For a brief period, a record 70% of the electricity for the UK’s homes and businesses was low-carbon, as nuclear, solar and wind crowded out coal and even gas power stations
UKGuardian Unlimited via Guardian Unlimited
2017-06-17 10:43:00
Thursday, June 8th, 2017      Leave a Comment
Report by the chief scientist, Alan Finkel, models a clean energy target that would reduce electricity emissions by 28% on 2005 levels Australia’s chief scientist says a new clean energy target will deliver lower power prices to consumers than the status quo, but his report also models a scheme with a low target for emissions reduction from the electricity sector
UKGuardian Unlimited via Guardian Unlimited
2017-06-08 23:09:17
Tuesday, June 6th, 2017      Leave a Comment
Falling solar and wind prices have led to new power deals across the world despite investment in renewables fallingRenewable energy capacity around the world was boosted by a record amount in 2016 and delivered at a markedly lower cost, according to new global data – although the total financial investment in renewables actually fell
UKGuardian Unlimited via Guardian Unlimited
2017-06-06 17:30:40
Monday, May 29th, 2017      Leave a Comment
LONDON (Reuters) - The cost of emitting carbon dioxide must rise to $50-$100 per tonne by 2030, much higher than the current price in Europe of less than $6, if countries are to meet climate pledges made under the Paris Agreement, economists said on Monday.
UKReuters via Reuters
2017-05-29 03:33:13
Friday, May 26th, 2017      Leave a Comment
Energy regulators say energy sector needs policy certainty before investment can grow, parliamentary committee toldThe uncertainty of Australia’s carbon policy is causing reduced investment, including in renewable energy, regulators have told a parliamentary committee.Officials from the Australian Energy Market Commission told the standing committee on the environment and energy on Friday that an emissions intensity scheme was the best solution to end uncertainty because it was technology neutral and could respond to variables such as high gas prices
UKGuardian Unlimited via Guardian Unlimited
2017-05-26 01:47:27
Sunday, May 21st, 2017      Leave a Comment
‘There is an acute danger of politicians panicking’ about energy demand and costs, Grattan Institute report warnsA new report has warned the Turnbull government the national electricity market is at “crisis point”, with rising energy prices for consumers and increasing concerns the grid cannot meet demand
UKGuardian Unlimited via Guardian Unlimited
2017-05-21 15:16:03
Wednesday, May 10th, 2017      Leave a Comment
Plummeting wholesale prices put the country on track to meet renewable energy targets set out in the Paris agreementWholesale solar power prices have reached another record low in India, faster than analysts predicted and further undercutting the price of fossil fuel-generated power in the country.The tumbling price of solar energy also increases the likelihood that India will meet – and by its own predictions, exceed – the renewable energy targets it set at the Paris climate accords in December 2015
UKGuardian Unlimited via Guardian Unlimited
2017-05-10 07:29:29
Wednesday, May 10th, 2017      Leave a Comment
Onshore wind has higher public approval than nuclear and fracking, so why are Tories expanding unpopular industries with higher carbon footprints? Renewable power expanded exponentially under the Tory-Lib Dem coalition elected in 2010 and by 2015 the renewable industries had a turnover of £14.9bn and had reduced wholesale electricity prices
UKGuardian Unlimited via Guardian Unlimited
2017-05-10 00:30:11
Thursday, March 16th, 2017      Leave a Comment
Business and interest groups that called for carbon tax to be dumped three years ago now urge panel to recommend market mechanism to price emissionsThe Liberal New South Wales government, major energy users, manufacturers and businesses including BHP Billiton have urged the Finkel review of the electricity market to consider a price on carbon or a market mechanism
UKGuardian Unlimited via Guardian Unlimited
2017-03-16 21:06:56
Tuesday, March 14th, 2017      Leave a Comment
The South Australian government has announced it will intervene in the national energy market in a $550m plan that seeks to tame the state’s turbulent power supply and prices. The premier, Jay Weatherill, says his government will build a gas-fired power station and Australia’s largest battery storage unit Continue reading
UKGuardian Unlimited via Guardian Unlimited
2017-03-14 01:20:32
Monday, March 13th, 2017      Leave a Comment
Premier Jay Weatherill announces drastic measures for the state to take control of its energy sources, saying Australia’s energy market is ‘failing the nation’
South Australia’s energy plan – live reaction The South Australian government has announced it will intervene in the national energy market in a $550m plan that seeks to tame the state’s turbulent power supply and prices
UKGuardian Unlimited via Guardian Unlimited
2017-03-13 19:56:07
Thursday, March 9th, 2017      Leave a Comment
LOS ANGELES (Reuters) - New U.S. solar installations nearly doubled last year, but slowing demand for both residential and large-scale systems, falling panel prices and concerns about looming federal tax reform are still dampening investor appetite for the sector.
UKReuters via Reuters
2017-03-09 15:11:10
Tuesday, March 7th, 2017      Leave a Comment
Electricity and gas supplier blames increase, which affects 2.5 million people, on rising cost of government policiesAbout 2.5 million E.ON customers will pay an extra £97 a year on energy bills in what consumer groups have branded a “monstrous” and “crippling” blow for householders.The company’s 8
UKGuardian Unlimited via Guardian Unlimited
2017-03-07 13:38:50
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Sunday, February 26th, 2017      Leave a Comment
Complaints about ‘green crap’ have been a convenient excuse for governments unable or unwilling to intervene and cap suppliers’ pricesLast week, photographs of wind turbines were once again juxtaposed with headlines about rising energy prices. The cause on this occasion was no less pre-eminent a body than a Lords committee, comprising former chancellor Norman Lamont and other heavyweight peers
UKGuardian Unlimited via Guardian Unlimited
2017-02-26 01:00:23
Wednesday, February 22nd, 2017      Leave a Comment
The president could spring a surprise with a carbon price, making renewables cheaper, US Republican warns Fossil fuel industries in Australia could be left behind by improvements in renewables and the possibility Donald Trump changes tack on a carbon tax, a former US Republican congressman has warned
UKGuardian Unlimited via Guardian Unlimited
2017-02-22 01:24:28