Media

Electricity prices in South East Queensland, South Australia, and New South Wales are set to rise from 1 July, with NSW seeing an 8–10% increase under the Default Market Offer (DMO). Some providers, such as Momentum Energy, are raising rates by up to 25%. Energy Minister Chris Bowen will today announce a review of the DMO, aiming to prioritise public interest over energy company profits. Tim Buckley, Director of Climate Energy Finance, criticised the current system, urging consumers to shop around annually to avoid a “loyalty tax”. While reforms are expected next year, households will face higher prices in the meantime. Read more

Tim Buckley, Climate Energy Finance Director, says energy costs are rising across the board—network, wholesale, retail—driven in part by long-term […] Read more

There’s a big debate in Australia about nuclear power. The Liberal-National Coalition says it’s key to cutting carbon and electricity costs, and estimates it will cost $331 billion. The Labor Party disagrees, saying it would cost closer to $600 billion. An independent group, Climate Energy Finance, thinks it could cost as much as $4.3 trillion. Read more

Nuclear power would lead to higher energy costs and more carbon pollution. Tim Buckley mentioned the true cost is much higher than claimed, as 90% of construction expenses occur after 2050 and are left out of the $331 billion estimate used in the LNP’s plan. Read more

Independent think tank Climate Energy Finance says nuclear power leads to permanently higher energy costs and significant carbon pollution. Read more

n the lead-up to Australia’s election, the cost of living crisis remains a key issue. Labor has proposed a 30% subsidy on household batteries linked to solar energy, which could save individuals over $1,000 annually on electricity bills. However, some homes, especially apartments, may not benefit due to limitations in installing solar systems. Read more

If Labor wins the next election, it promises a 30% subsidy on home batteries, capped at one battery per household, with the subsidy renewed yearly. Tim Buckley, director of Climate Energy Finance, supports the plan, noting that it could reduce battery costs, which can exceed $10,000, by around $3,000, benefiting households with significant savings. Read more

China has emerged as the global leader in clean technology, making significant strides in renewable energy technology, manufacturing, domestic deployments […] Read more

Tim explains that power prices are rising because Queensland hasn’t built enough new energy capacity to replace old coal-fired plants. In Queensland, prices are going up by 3-5%, while Victoria’s increase is lower at 1-3%. Read more

Tim, an expert in energy finance, argues that while renewables are not costly, Australia hasn’t built enough renewable energy capacity. He opposes nuclear power as a distraction in Australia, saying it’s too expensive and would raise prices. Instead, he recommends people use rooftop solar and batteries to cut their energy bills by up to 80%. The transition to renewables could happen faster than some politicians say, and individuals can help by using solar power and reducing grid energy use. Read more

BP returns to fossil fuels – New CEO scraps most clean energy plans. Failed green transition – Former CEO Bernard Looney tried to shift BP towards renewables, now consigned to history.  The world is investing twice as much in clean energy as in fossil fuels, with China leading the charge. Read more

Tim Buckley from Climate Energy Finance joined Melinda James this morning on Illawarra Breakfast on ABC Illawarra to discuss the latest developments in the steel industry and green energy. Tune in for insights! Tim’s exclusive interview can be heard at this link from 2:15:00 to 2:23:35” Read more