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The Latest Breaking News from Energy Security Board

Victoria signals end of coal by announcing a new 95% renewable target. It's a risky but vital move

It’s the end of the line for coal in Victoria, after Victorian Premier Dan Andrews today announced plans for 95% renewables within 13 years. Until now, the industrialised state has been aiming for 50% by 2030.

The Conversation

Review of $14.5b Inland Rail project to be led by ex-energy boss Kerry Schott

The federal government has hand-picked Australia's former Energy Security Board chair to scrutinise its controversial 1,700km Inland Rail project.

ABC News

Massive investment needed in energy sector

The Energy Security Board says large-scale investment in new transmission infrastructure, generation and capacity is needed to keep power prices down.

AAP

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Why including coal in a new ‘capacity mechanism’ will make Australia's energy crisis worse

Australia’s electricity generators would be paid extra money to be available even if they don’t actually generate any energy, under a new mechanism proposed by the federal government’s Energy Security Board (ESB).

The Conversation

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

Morning mail: energy blueprint, searing US testimony, should we celebrate circumnavigation?

Monday: Fossil-fuelled power plants should be paid to keep operating to stabilise the grid, the Energy Security Board suggests. Plus: Pacific countries urge Australia to prove its commitment to climate action

The Guardian - AU

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‘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

Experts reject 'reheated' energy blueprint

A 'reheated' proposal by regulators to pay coal plants and renewable generators to guarantee supply to the struggling electricity grid has come under fire.

AAP

Energy blueprint backs old and new sources

Energy regulators have put forward a “capacity mechanism” that would pay coal plants and renewable generators to guarantee supply to an evolving national grid.

Crikey

Energy markets tipped to return to normal as NSW granted emergency powers to secure coal supplies

End of cold snap and return of more coal-fired power plants to ease pressure that caused national electricity market suspension

The Guardian - AU

Will long-term boost to energy capacity stop exit from coal? Debate is red hot

One of Australia's most experienced energy advisers has downplayed concerns that a plan by state and federal energy ministers to overhaul the electricity market could prolong the coal-fired power industry.

ABC News

Bowen has to rule out CoalKeeper — and we need a windfall profits tax

The proposal floated by the last government must be buried for good. And it’s time for a windfall profits tax on gas exporters.

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