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The Latest Breaking News from Chris Bowen

More electricity retailers likely to fail, resulting in less competition and higher prices

Between five and 10 providers could go out of business in the next six months alone, researcher David Hiley says

The Guardian - AU

Enova says 'flawed' market dominated by 'gentailers' led to green energy provider's collapse

How can skyrocketing prices drive a "green energy" retailer out of a market grappling with a mix of renewable power sources?

ABC News

Energy market operator to investigate breakdown that triggered suspension and energy crisis

Aemo says it ‘wants to understand comprehensively the lessons learned’, with trading to resume at 4am on Thursday

The Guardian - AU

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Paul Bongiorno: Peter Dutton still fighting the last election suits Labor

The unequivocal message voters sent the Coalition at the election is completely lost on new Opposition Leader Peter Dutton.

The New Daily

Chris Bowen says states can decide how to provide backup energy generation but must meet 2030 target

The Energy Security Board recommends paying generators to keep extra capacity in the national grid to reduce the risk of blackouts

The Guardian - AU

New 'capacity mechanism' could pay coal and gas generators for reliable electricity supply

A draft plan for a new "capacity mechanism", aimed at ensuring stability in the national electricity grid, could see coal and gas generators paid for reliable power supply.

ABC News

‘Stakes never higher’: energy board releases capacity market blueprint

Energy Security Board says fossil fuel generators might need to be paid to stay in business to retain capacity

The Guardian - AU

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‘Fault all round’: Peter Dutton aims to deflect blame for Australia’s energy crisis

Liberal leader says Coalition made ‘huge investments’ in renewables when in power and blames states for locking up gas reserves

The Guardian - AU

Energy supply sufficient for weekend: AEMO

Supply issues facing Australia's electricity market have improved, with the market operator saying demand will be able to be met this weekend.

AAP

Q+A panellists back Labor's grand plan on rewiring the energy grid but warn 'it won't be easy'

Thursday's Q+A panel was unanimous in its support for Labor's elaborate plan on re-wiring the energy grid and hoped the current crisis would create political will for a massive shift in how the country's energy market works.

ABC News

Grattan on Friday: Everything, it seems, is conspiring to test the Albanese government

On Thursday Anthony Albanese and Energy Minister Chris Bowen formally updated Australia’s international commitment for its proposed climate change action. It’s now a 43% reduction in emissions by 2030, in line with the policy Labor took to the election.

The Conversation

After a turbulent week, what's next in Australia's east coast power crisis? And what's happening with the blackout threat?

Australia's energy operator made a massive move on Wednesday, and that's keeping blackouts at bay — for now. So how did we get here? And what's coming next?

ABC News

Sydney residents told to cut power use to help avoid blackouts

Sydney residents were urged on Thursday to conserve power in the evening as much as possible to avert blackouts, one day after Australia suspended its spot electricity market due to unscheduled outages at ageing coal-fired utilities.

Reuters

Australia raises emissions cutting target for 2030

Australia, under a new Labor government, on Thursday raised its 2030 target for cutting carbon emissions, bringing the country more in line with other developed economies' Paris climate accord commitments.

Reuters

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ABC News

Australia's Paris Agreement commitment lifted to 43 per cent emissions reduction by 2030

The federal government has formally committed to the United Nations that Australia will reduce its carbon emissions by 43 per cent by the end of the decade.

ABC News

Energy market intervention will last 'as long as it needs to', Chris Bowen says

Energy Minister Chris Bowen says the government fully backs the unprecedented energy market takeover by the regulator, adding there is no time line on how long it will last.

The Guardian - AU

Shortfall warnings cancelled as units come back online – as it happened

This blog is now closed

AAP

Supply tight, but blackouts likely avoided

Anthony Albanese's government is monitoring the energy situation closely to determine what changes need to be made to improve how the market operates.

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Newcastle Herald

Regulator takes control of power system, suspending national market

"It has become impossible to operate the spot market in accordance with the provisions of the rules," the operator said.

The Canberra Times

ACT's big power consumers placed on alert over forecast 'lack of reserve' in network

ACT to assist should electricity load shedding be needed

The New Daily

Power companies accused of engineering crisis for profit

Multibillion-dollar power companies left Australia under a threat of blackout on Tuesday night after they removed electricity from the grid for profit.

ABC News

The Loop: Electricity supply issues spread across Australia, share markets slump again, and are you going to eat that salad?

Get up to speed on today's headlines with The Loop.

Pedestrian.tv

Fetch Thy Candlesticks Playing Cards ‘Cos Most Of Aus Is Facing Power Outages This Week

Putting on all of my socks & jumpers in preparation.

ABC News

Federal government optimistic east coast blackouts can be avoided today

Federal Energy Minister Chris Bowen is confident the east coast can avoid blackouts and load shedding today, despite further dire warnings about demand for electricity outstripping supply.

The New Daily

Bowen faces calls to slug gas companies with windfall profits tax

The Albanese government is facing renewed calls to introduce a windfall profits tax on the mostly foreign-owned gas industry.

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