Media

Tim Buckley speaks to Charging Sessions podcast about the energy and eMobility transition Read more

Blair Palese, Climate Capital Forum founder criticises a $137 million federal grant to BlueScope Steel for a $1.15 billion upgrade of its Port Kembla blast furnace. “We need policy vision and ambition that encourages this transition, not more support for existing emission-intensive industries.” Read more

Energy analyst Tim Buckley said the regulator would set the next Default Market Offer, which determined what consumers pay, in coming months after wholesale electricity prices halved in the past year. “This follows the progressive unwinding of two years of hyperinflation in coal and gas commodity prices, both internationally and in our domestic energy markets,” he said. Wind and solar supported by big batteries and transmission are expected to bring permanently lower prices for homes, businesses and industry. “After two years of 20 per cent annual retail electricity price rises, consumers can hope for some real energy cost of living relief,” he said. Read more

Amid the cost of living crisis one ray of sunshine of late has been falling energy prices. And while the mild weather, lower fuel costs and fewer coal supply issues have played a part, the increase in cheap wind and solar energy has also been helping to drive down the cost of keeping the lights on and heating and cooling our homes and businesses. Read more

Tim Buckley, the director of think tank Climate Energy Finance, said consumers want real energy cost-of-living relief after two years of 20 per cent annual hikes in retail electricity prices, particularly now that wholesale prices halved last year. “This follows the progressive unwinding of two years of hyperinflation in coal and gas commodity prices, both internationally and in our domestic energy markets,” Buckley said. Read more

Australia can close down its largest coal-fired power plant and the residents of New South Wales wouldn’t experience any interruption in their electricity, according to a new report. CEF director Tim Buckley analyzed the 2024-2030 power sector and determined NSW will get along just fine without depending on dirty old coal. “There is no reason why the taxpayer should be on the hook for multiples of hundreds of millions of dollars to keep Eraring open,” said Buckley Read more

Energy analysts including Tim Buckley have argued that retail power prices should fall when the Australian Energy Regulator sets its default market offer for the year from 1 July. Even though wholesale prices make up only about one-third of the bill consumers pay, the drop so far this financial year could provide a “double-digit drop” if maintained, Buckley said. Read more

Offshore wind offers an option to supply large, stable electricity for major energy consumers and regional employers, making it a valuable component, particularly as we move to and beyond 82 per cent renewables. It also can help reframe, power and rebuild Australian regional communities, giving people a say through public consultation, partnering with First Nations, and different ways of asset ownership. Wind executive and Climate Capital Forum member Satya Tanner and CCF strategic comms lead Amanda Caldwell explain. Read more

There is no need to use taxpayer fund to keep Australia’s biggest coal power plant open beyond its planned closure date in 2025 as the state of NSW has made “massive progress” on new renewable energy and battery capacity, according to think tank Climate Energy Finance. Read more

Tim Buckley tells AusBiz there is no reliability gap surrounding the closure of Aus’ biggest coal plant, Eraring in NSW. He points to a report by the Australian Energy Market Operator (AEMO) presented to the NSW Energy Minister which shows no need for public subsidies to keep the plant open. Read more

Climate Energy Finance Director Tim Buckley said the dismantling came as no surprise with the end of mine life “absolutely well known” when they solar hybrid power system was commissioned. “There is no surprise there,” he said, adding that in spite of its short lifespan, the DeGrussa power project has been a “brilliant success.” Buckley said the project, which attracted $20.9 million (USD 13.7 million) in funding from the Australian Renewable Energy Agency (ARENA) and $15 million in debt finance from the Clean Energy Finance Corporation (CEFC), was part of the “step change that took solar from being a potential technology to being now integral to the transformation and decarbonisation of the Australian electricity system.” Read more

Tim Buckley, working for Climate Energy Finance, reviews the likely phasing out of coal energy in Australia by 2038 and the rise of alternative energy sources. He insinuates that the potential for increased use of zero emissions technologies is significant, given the absence of nuclear power. Particularly, Tim singles out the future of rooftop solar in Australia, predicting that its capacity could quadruple in the next 27 years, exceeding the entire current installed capacity within the country. Read more