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The Latest Breaking News from Aer

‘Someone senior’ should be held accountable after AGL handed record $25m fine, Shorten says

Government services minister says case is ‘very significant victory’ for the regulator, which brought the case against the energy company

The Guardian - AU

AGL kept taking money from welfare recipients via Centrepay years after promising to stop, court hears

Energy giant executive admits in court company was ‘absolutely wrong’ not to compensate ex-customers it took money from

The Guardian - AU

Could Australia’s outdated voltage standards be taking years off the life of your toaster?

Lowering voltage about 5% could lower emissions and save customers on the national electricity market around $110 a year

The Guardian - AU

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Energy prices soar after volatile wind saw heavier gas, hydro and battery use, Australian regulator says

But prices are down by 25% compared with the June quarter in New South Wales, down 9% in Victoria and down 12% in Tasmania

The Guardian - AU

3 Transportation Stocks Gaining from the E-Commerce Boom

The transportation industry is thriving due to the e-commerce surge. AerCap Holdings (AER), Matson, Inc (MATX), and ArcBest Corporation (ARCB) are well-positioned to capitalize on increased shipping demand, leveraging technology and logistics solutions to enhance their growth in this expanding market. Read more….

StockNews.com

Regulator may take action against three energy retailers over alleged misuse of Centrepay system

Australian Energy Regulator weighs up enforcement options against AGL, Origin and Ergon Energy after landmark court win

The Guardian - AU

AGL breached rules 16,000 times in wrongly taking welfare money from hundreds of people, court rules

Landmark federal court judgment could trigger proceedings against three other energy retailers

The Guardian - AU

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3 Industrial Stocks With Upside Potential Based on Price Targets

The industrial sector is set for significant growth due to rising demand and the adoption of advanced technologies. Therefore, investing in strong industrial stocks Carlisle Companies (CSL), AerCap Holdings (AER), and Textron (TXT) with significant upside potential could be a smart move. Keep reading.

StockNews.com

Consumer watchdog urges crackdown on businesses using Centrepay to cause financial harm

It is alleged energy companies deducted money from welfare payments of people, including Indigenous Australians, who were no longer customers

The Guardian - AU

Wholesale power prices rise sharply across Australia after cold snap but Queensland bucks trend

Energy regulator says southern areas of Australia will remain ‘susceptible to demand and supply shocks’ for the rest of winter

The Guardian - AU

Corporate regulator urges crackdown on Centrepay after more than 40% of businesses found to be non-compliant

Asic alarmed at commonwealth finding that almost half of companies investigated failed to follow standards

The Guardian - AU

Power prices rise after companies use rivals’ outages to ‘profit maximise’, Australian regulator says

Australian Energy Regulator says behaviour of big power companies was ‘permissible’ under national rules but ‘may not have been in the best interests’ of consumers

The Guardian - AU

3 Logistics Stocks Positioned to Benefit From Global Supply Chain Upgrades

The logistics sector is flourishing with economic recovery and tech advancements. Amid this, quality logistics stocks Universal Logistics (ULH), FedEx (FDX), and AerCap Holdings (AER) could be ideal buys as they are poised to benefit from supply chain upgrades. Read more.

StockNews.com

3 Logistics Stocks to Buy as E-commerce Expands

Fueled by the rapid incorporation of technological trends, the logistics industry is primed for a significant expansion in the near term. Given this backdrop, investors could consider buying logistics stocks such as Universal Logistics Holdings (ULH), AerCap Holdings (AER), and FedEx (FDX), with the expansion of e-commerce. Read on.

StockNews.com

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The Conversation

Santos just copped a large fine. What did the oil and gas company do?

South Australian oil and gas company Santos has been hit with a A$2.75 million fine for breaching its record-keeping obligations.

AAP

Modest power price drops for NSW, South Australia

The federal energy regulator's latest default market offer will see bills reduce for NSW and SA customers but a rise for those in Queensland.

The Guardian - AU

Why are some Australian households about to be charged for generating too much solar power?

NSW energy firms can impose fees on households exporting surplus power – but there are ways to minimise the charge

AAP

Extreme weather sparks higher wholesale energy prices

Some of the most extreme weather Australia has ever seen is proving to be the "X-factor" for power bills as wholesale energy prices rise.

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news in one place.

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The Guardian - AU

Australia’s power regulator drafts price cuts of up to 7.1% for households as generation costs ease

The AER releases draft ‘default market offer’, which proposes the maximum amount retailers can charge for electricity

AAP

Bill shock to ease as cost of power falls, solar shines

Consumers are set to benefit as the national electricity grid uses less coal and gas-fired electricity and the share of renewable energy hits a record.

StockNews.com

These 2 Air Transport Stocks Could Be in for Some Sky-High Profits

A strengthening economy, which should come into play in 2024 as the result of a cessation of interest rate increases, and eventual cuts, should benefit not only cash strapped small businesses, but the consumer as well. And if there is one thing a consumer does in the U.S. it’s spend…

The Guardian - AU

Australian electricity networks raked in $2bn in ‘superprofits’ from customers, thinktank says

The takings amounted to between $80 and $400 for each customer, including $2bn in the 2022 fiscal year alone

AAP

Power station fined for law breach after explosion

A Queensland coal power station was operating without required regulatory approval when it was taken out by an explosion, authorities say.

AAP

Gas giant Santos taken to court for auction breaches

The energy regulator has accused Santos of breaching record-keeping obligations for pipeline capacity but the gas company says the rules were too complex.

Newcastle Herald

More clean energy needed to keep energy costs down

Four coal-fired power stations are due to close in the next decade.

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