The Latest Breaking News from Tony Wood

Australian consumers may end up paying to extend the lifespan of fossil fuels unless a planned overhaul of the electricity market is handled carefully.

As the energy crisis continues to grip Australia’s east coast with consumers told to limit their consumption and warnings of blackouts Tony Wood, director of the energy program at the Grattan Institute, speaks with Michelle Grattan about why this has happened and what can be done to fix the system.

Climate scientists are warning now is not the time to back big new gas developments, as the new Albanese government throws its support behind Woodside's mega Scarborough gas projects.

New Opposition Leader Peter Dutton appears set to bring a debate about nuclear power back to the centre of Australian politics.

Long suffering energy consumers who have seen power prices spike now face rising gas prices from July 1, as shortages cause wholesale prices to spike.

Small energy retailers are urging their customers to switch to other companies in an unprecedented move driven by rising wholesale electricity prices.

ReAmped Energy chief executive says he would rather people were ‘getting better deals’ amid soaring wholesale prices

More than 700,000 Australian households will see their energy bills soar on July 1 after key regulators approved significant increases to maximum

Benchmark power prices will rise by up to 18.3 per cent as the energy industry watchdog seeks to pass on rocketing production costs to consumers.