Energy Minister Angus Taylor says the state governments and federal Labor ‘haven’t given enough thought’ to how renewable energy will be backed up, despite investment in renewables being at record levels.
FULL INTERVIEW: The Liberal MP told Sky News that pumped hydro is an effective way to store energy for ‘when the sun goes down and the wind stops blowing’, following the government announcing it will front $1.
38 billion for the Snowy Hydro 2.0 project. Mr Taylor says the government has received 66 proposals for projects to ensure Australia has a ‘stable, affordable grid’, but would not confirm how many of those proposals were for coal-fired power. Image: News Corp Australia
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Govt to introduce energy 'price safety net' | Sky News AustraliaThe federal government will today announce the implementation of a ‘price safety net’ to bring down power prices.\n\nUnder the scheme, energy companies will be forced to lower their prices with customers saving up to $217 per year and businesses saving a further $937. \n\nThe move comes after the Coalition abandoned its ‘big stick’ divestiture policy which aimed to crackdown on energy providers. \n\nImage: News Corp Australia \n\n\n\n\n\n\n\n\n\n
Read more »
Govt to introduce default prices for energy | Sky News AustraliaThe federal government has announced regulations for a safety net on power prices in a push to reduce the cost of energy for consumers.\n\nThe move will lower prices by up to $218 a year for residential customers, and up to $937 for small businesses.\n\nEnergy Minister Angus Taylor says there will be a singular reference price for each market for all customers to be able to compare against. \n\nThe move comes after the Coalition abandoned its ‘big stick’ divestiture policy which aimed to crackdown on energy providers.\n\nImage: News Corp Australia\n\n\n\n\n\n\n
Read more »
Govt to establish energy ‘default market offer’ | Sky News AustraliaThe government will establish a ‘default market offer’ for power prices in a bid to bring electricity bills down. \n\nUnder the scheme, households could save up to $218 per year with the government creating a power price ‘safety net’ from July 1. \n\nEnergy Minister Angus Taylor says there will be a singular reference price for each market for all customers to be able to compare against.\n\nShadow Energy Minister Mark Butler accused the government of 'playing catch up' on policy recommended by ACCC in July last year and backed by the Opposition in August.\n\n\n
Read more »
Energy regulators report shows Victorian power bills up 16 per cent | Sky News AustraliaA report from energy regulators has shown Victorian power bills are up 16 per cent in the last financial year, with a 21 per cent jump in number of disconnections, with 60,737 people experiencing power outages.\n\nNSW Senate candidate for One Nation Mark Latham says if the left were serious about bringing emissions down with ‘security and affordability’, then nuclear would be in the equation.\n\nMr Latham says current power policy in Australia is one whereby nuclear is banned, coal-fired power is ‘being strangled out of the system’ and renewables ‘win’ by default.
Read more »
Modelling claims energy prices will increase under both parties | Sky News AustraliaIndependent modelling released on Thursday suggests energy prices will increase under both Coalition and Labor in the coming decade.\n\nAccording to data, Labor’s 45 per cent emissions reduction target will cost the economy $472 billion over the next ten years, while the Coalition's own target would cost $70 billion.\n\nThe figures were released by BAEconomics’s Managing Director Dr\nBrian Fisher, who served as a chief advisor on climate policy under the Hawke, Keating and Howard governments.\n\nLabor's Jim Chalmers has dismissed the figures, saying energy prices will be 'cheaper in the long run' if Australia continues to invest in renewables. \n\n\n
Read more »
PM promises to slash power prices | Sky News AustraliaPrime Minister Scott Morrison will introduce new energy market regulations in a bid to slash power bills. \n\nUnder the scheme, energy companies will be forced to lower their prices with customers saving up to $217 per year and businesses saving a further $937. \n\nThe move comes after the Coalition abandoned its ‘big stick’ divestiture policy which aimed to crackdown on energy providers. \n\nImage: News Corp Australia \n\n\n\n\n\n\n\n\n\n\n
Read more »
PM powers ahead with Tasmanian hydro project | Sky News AustraliaThe Prime Minister is powering ahead with his pre-election energy pitch, as he unveils his latest investment designed to shore up the nation's electricity network. \n\nSpeaking in Tasmania, Scott Morrison maintains his government is serious about both energy supply and climate change action. \n\nThe Tasmanian government has announced $30 million towards a feasibility study into upgrading one of three conventional hydro energy sights in the state. \n\nThe PM says 3700 jobs will be created in Tasmania and Victoria and $7 billion will be generated as a result of the projects. \n\nImage: News Corp Australia \n\n\n\n\n
Read more »
PM powers ahead with Tasmanian hydro project | Sky News AustraliaThe Prime Minister is powering ahead with his pre-election energy pitch, as he unveils his latest investment designed to shore up the nation's electricity network. \n\nSpeaking in Tasmania, Scott Morrison maintains his government is serious about both energy supply and climate change action. \n\nThe Tasmanian government has announced $30 million towards a feasibility study into upgrading one of three conventional hydro energy sights in the state. \n\nThe PM says 3700 jobs will be created in Tasmania and Victoria and $7 billion will be generated as a result of the projects. \n\nImage: News Corp Australia \n\n\n\n\n
Read more »
PM to back Tasmania hydro-electricity project | Sky News AustraliaPrime Minister Scott Morrison is set to announce his commitment to a hydro-electricity project in Tasmania.\n\nThe ACCC recommended the government underwrite reliable supply projects in a bid to boost competition in the generation market, with 66 expressions of interest submitted.\n\nThe hydro sites could store as much energy as 300 Tesla big batteries and are expected to attract investment from the federal government if it stacks up economically. \n\nThe move comes after the Prime Minister gave the green light to a multi-billion dollar expansion of Snowy Hyrdo project in New South Wales. \n\nImage: News Corp Australia\n\n\n\n
Read more »
Morrison government unveils energy plansThe federal government has announced regulations for a safety net on power prices in a push to reduce the cost of energy for consumers. 9News
Read more »