Australian Energy Crisis Prompts Suspension of National Electricity Market

Credit to Author: Sonal Patel| Date: Thu, 16 Jun 2022 19:35:38 +0000

The Australian Energy Market Operator (AEMO) on June 15 indefinitely suspended spot markets in all regions of its National Electricity Market (NEM), citing critical power generation supply shortfalls that it said made it “impossible to continue” operations under national electricity rules. AEMO—the independent system operator (ISO) that operates the competitive market serving New South Wales, […]

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Australia’s Coal Conundrum: Economy, Climate at Odds

Credit to Author: Darrell Proctor| Date: Fri, 01 Apr 2022 04:15:00 +0000

Coal has long been a lifeblood for Australia. The country is the world’s largest exporter of metallurgical coal used to make steel, and it’s the second-largest exporter of coal for use in power generation

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CEOs Say Preserving the Nuclear Power Fleet Is Imperative

Credit to Author: Aaron Larson| Date: Thu, 28 Mar 2019 01:31:09 +0000

Several power-sector CEOs—appearing at the Bloomberg New Energy Finance (BNEF) Summit in New York this week—suggested that existing nuclear power plants should not be allowed to slowly vanish from the U.S. electricity grid under market pressure caused by cheap natural gas and the growth of renewable energy. The leaders submitted that nuclear power provides important […]

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Solar Power Is Economical Today, but Comes With Challenges

Credit to Author: Aaron Larson| Date: Wed, 27 Mar 2019 20:50:17 +0000

Depending on the deployment location and competing energy prices, photovoltaic solar panels are among the most cost-effective power solutions being added to the grid today, often without subsidies and other incentives. The revelation came during a panel discussion—which included several CEOs from the power sector—that took place at the Bloomberg New Energy Finance (BNEF) Summit […]

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