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The Latest Breaking News from Energy

Department of Energy finalizes $2.5 billion loan to GM battery joint venture

WASHINGTON — The U.S. Department of Energy has finalized a $2.5 billion loan to Ultium Cells LLC, the EV battery joint venture between General Motors Co. and South Korean battery company LG Energy Solution, officials said Monday.

Tribune News Service

Greens to oppose price cap compo plans

The Greens will have the balance of power in the Senate as parliament is recalled to pass the federal government's energy bill relief measures.

AAP

Energy minister defends federal government's plan to relieve impact of rising power prices

Chris Bowen concedes the federal government's plan to ease household energy prices will not be a silver bullet, but is the biggest lever it has to try to alleviate spiralling costs.

ABC News

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Patience Pumps Up Hot American Century Fund's Stock Picks

Value-oriented investors have done better than growth managers overall at investing this year. A top value fund manager explains his stock picks.

Investors Business Daily

National energy deal to 'keep lights on'

The nation's energy ministers have agreed to a plan to make the supply of power more reliable as the sector transitions to renewables.

AAP

Farmers want gas pipeline for 'bully' axed

The NSW energy minister has been asked to reject an oil and gas giant's plans to enter farming land as part of a 400-kilometre underground pipeline project.

AAP

Coal price cap decision not yet reached

Australia's energy sector is calling for billions of dollars in compensation if NSW and Queensland governments are asked to cap coal and gas prices.

AAP

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Albanese has COVID but only one real headache – and the stakes are high for your budget

Anthony Albanese needs to bring premiers on board with a government plan to tame skyrocketing energy bills.

The New Daily

Brendan Hughes: DUP with egg on their face once again after falling for Tory promises

But there are no guarantees energy payments would have been delivered any quicker if an Executive had been up and running

Belfast Live

Live updates: Chris Bowen releases Australia's first climate statement — as it happened

Chris Bowen, the federal minister for climate change, releases Australia's first national climate statement in parliament — as it happened.

ABC News

Finkel dreams of 'electro-state superhero'

Alan Finkel says renewable energy, decarbonised products and critical minerals will be Australia's "superpowers" in the electric age.

AAP

Delayed £400 energy rebate to be paid to people in park homes as ‘soon as possible’

Oil and LPG users are also due a one-off payment for £200 this winter.

Daily Record

Energy Minister Bill Johnston plays down fears over gas leak at Santos-operated Varanus Island hub

Energy Minister Bill Johnston says a gas leak at a pipeline off the coast of Western Australia's Pilbara region, which has reduced output at the Santos-operated Varanus Island facility, will not impact the state's gas supply.

ABC News

Bold decisions required to unleash the Humber on Net Zero - Ed Miliband hears from business

Shadow Energy Secretary joins Chamber roundtable on decarbonisation agenda

Birmingham Post

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Bangkok Post

PTT asked for assistance

The National Energy Policy Council (NEPC) has resolved to ask national oil and gas conglomerate PTT Plc to allocate 6 billion baht to help the government cap the increasing power tariff, part of efforts to slow the surge in electricity bills.

Bangkok Post

PTT asked to help subsidise power charges

The National Energy Policy Council chaired by the prime minister wants PTT Group to contribute 6 billion baht from its gas separation revenue to help freeze electricity fees for small users from January to April next year, according to the energy minister.

ABC News

How AGL's closure of Torrens Island gas-fired power station will affect SA's power prices and energy stability

AGL has announced it will close its Torrens Island B gas-fired power station a decade earlier than planned. So where will the closure leave the state's power supply?

Newcastle Herald

Nine months after announcing 2025 Eraring closure, owner Origin Energy has doubts

Second thoughts on Eraring closure timeline

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Birmingham Post

Ed Miliband on Humber 2030 Vision and how Labour aims to lead the global race to Net Zero

Big interview with former Labour leader who is now focused on the energy portfolio he once headed in government

ABC News

AGL to close its Torrens Island 'B' gas power station in South Australia in 2026, nearly a decade early

The energy giant says the facility is losing millions of dollars and it is moving towards integrating more renewable energy. The decision leaves the power plant's 120 workers facing an uncertain future.

Reuters

Ukrainian energy minister accuses Russia of 'gas blackmail'

Ukrainian Energy Minister German Galushchenko accused Moscow on Wednesday of using "gas blackmail" for geopolitical purposes after Russia's Gazprom said it could start reducing gas supplies to Moldova via Ukraine from Nov. 28.

Irish Mirror

Energy companies in Ireland accused of 'outrageous profiteering’ amid cost of living crisis

ESB, the State company and owner of Electric Ireland the largest energy supplier in this country, reported huge gains of €357million for the first half of this year.

Wales Online

The important deadline for people claiming £400 energy bills discount vouchers

The vouchers can only be redeemed for a certain period

Newcastle Herald

Minister vows to ensure coal test accuracy after allegations

Energy Minister Chris Bowen says he wants to ensure the "absolute accuracy" of claims made by Australian companies about the quality of coal exports.

Irish Mirror

Government discuss windfall tax on energy companies as Irish households are crippled with sky high bills

Cabinet will discuss the possible tax on Tuesday morning

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