Fears of more widespread power outages because of increasing demand and limited gas supply
Prime Minister Malcolm Turnbull will schedule a crisis meeting with gas chiefs to tackle a looming shortage which the country’s energy market operator has warned could cause more widespread blackouts.
Mr Turnbull has also called on states to lift bans on gas exploration.
Outlawing fracking in particular has become a popular political position along the east coast and here in SA, where the State Liberal Opposition has announced it would put a 10 year moratorium on fracking in the South East.
“The report released overnight by the market operator about the potential shortfalls in gas and the pressure that may place on the electricity market, is very concerning,” Mr Turnbull said at the Australian Financial Review business summit on Thursday morning.
“That’s why I’ll be urgently calling the chief executives of the east coast gas companies together, to explain how they plan on addressing this threat to their customers.”
Mr Turnbull went on to describe how rising power prices had been damaging the competitiveness of Australian businesses, particularly our manufacturing.
“Policymakers have put ideology and politics ahead of engineering and economics, introducing large amounts of variable energy — wind and solar, in particular — without the necessary storage and additional transmission infrastructure,” he said.
Wednesday, May 03, 2017
Subscribe to weekly updates
- Orica CEO Caldreron: ACCC’s gas price transparency move will help local firms
- Snowy Hydro CEO sees room for all storage projects
- Frydenberg asks energy regulator to probe electricity price-gouging claims
- Tesla’s giant battery in Australia reduced grid service cost by 90%
- Clean Energy Regulator confirms the RET is met
- Delta Electricity in $410m pumped hydro push
- Australia is the only G20 country without nuclear power. Why?
- Hong Kong's Alinta Energy offers $250m for Muswellbrook's Liddell power station
- AEMC says grid operating to standards, prompts call for new standards
- AGL to build $400m gas-fired power plant