Australian Energy Market Operator’s (AEMO) report for the last quarter of 2023 shows that new records are being set for the amount of renewable energy being fed into the grid, reducing the reliance on traditional coal-fired generation.
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Western Australia’s (WA) economy would enjoy a $55 billion boost by 2050 from rolling out carbon capture hubs, according to a new report by Commonwealth Scientific and Industrial Research Organisation (CSIRO).
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The Australian Energy Regulator’s (AER) wholesale markets quarterly report has demonstrated that average wholesale electricity prices for the last quarter were less than half those in the same period last year.
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According to the Department of Industry, Science and Resources, Australia is well placed to seize the opportunities from the broader energy transition, given the country’s rich geological reserves, expertise at extracting minerals and track record as a reliable producer and exporter of energy and resources.
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Following the finalisation of the regulatory framework for gas production in the Beetaloo Sub-Basin, various energy companies are moving towards production approvals.
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An EY report has found gas will remain a vital part of the Western Australia economy for the next two decades, outlining its substantial potential.
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Increasing the supply of gas would ensure more efficient operation of markets, continuing infrastructure development, and help address the current imbalance where demand was outstripping supply, according Read More