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Energy crisis

CEF in the media  |  Mar 20, 2024

The Australian Energy Regulator says electricity prices are mostly falling but some are rising

SBS

Tim Buckley is director of Climate Energy Finance, a public interest think tank. He said more action could be taken to further lower energy prices in the meantime. Buckley suggested some ways that electricity bills could be lowered while also helping Australia achieve its necessary net zero targets. For example, he mentioned induction cooktops and water heaters and these aspects can really reduce the cost of living pressure and permanently alleviate these problems through accelerated deployment. That means getting away from the high, expensive methane gas that Australia has been addicted to for the last 30, 40, 50 years. Buckley believes there must be a coordinated government campaign to help consumers get through this cost-of-living crisis. Read more
CEF in the media  |  Mar 19, 2024

Power prices mostly heading down but some up, says Australian Energy Regulator

SBS

Many Australians could see a reduction in their energy bill prices, according to an announcement made by the Australian Energy Regulator. Yet despite the highly anticipated relief for households, experts say the government could be doing more to lower energy costs during the transition period to cleaner energy. Read more
CEF in the media  |  Mar 19, 2024

Consumers to get “marginal” bill relief despite rooftop PV driving big falls in wholesale power prices

Renew Economy

Australian energy consumers risk benefiting from only a marginal fall in their electricity bills, despite a big plunge in wholesale electricity prices caused by the growth of renewables, and rooftop solar PV in particular. The Australian Energy Regulator on Tuesday released its draft proposals for what is known as the Default Market Offer for 2024/25. Read more
CEF in the media  |  Mar 19, 2024

Energy bill relief, but faster renewables shift needed to permanently slash prices

The New Daily

Sydney Ausgrid electricity consumers will see 3 per cent retail price declines for the new financial year starting 1 July 2024 under the Default Market Offer (DMO) draft ruling from the Australian Energy Regulator (AER) this morning, and small and medium enterprise (SME) customers a much more significant decline of 10 per cent. The default market offer is a maximum price that retailers are allowed to charge. Read more
CEF in the media  |  Mar 19, 2024

Power bills set for a marginal drop

ABC Radio National PM

After two years of hefty increases… it looks like the price of power for consumers in the eastern states is set to drop. The Australian Energy Regulator has today released its draft decision on the nation’s main consumer price caps which are known as “default market offers”. It’s recommended the maximum retailers can charge drop by between one and ten per cent, depending on where you live and whether your bill is for a small business or private residence. Read more
CEF in the media  |  Mar 12, 2024

VIDEO| Is China the New Superpower?

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On the Planet A podcast dive into the world of renewable energy and decarbonization with Tim Buckley, Director of Climate Energy Finance – an engaging discussion on the future of energy, global energy markets, and how we are becoming a multi-polar world. Read more
CEF in the media  |  Mar 6, 2024

‘Nuclear fantasy,’ Dutton’s power plant policy unclear and under attack

Canberra Times

Tim Buckley, the director of the independent think tank Climate Energy Finance, said the opposition’s nuclear energy solution is about delay, which he views as the “new denialism.” “We’ve got this pure hypothetical political spin about waiting for 20 years for SMRs. We can’t afford to wait,” he told The Canberra Times. “We have a climate crisis. We have a cost-of-living crisis now. What this is all about is sowing disinformation and delay. It’s climate science denialism. Read more
CEF in the media  |  Feb 27, 2024

OP ED | Forrest is right: don’t swallow the Coalition’s nuclear and rooftop fairytales

The Australian Financial Review

The false dichotomy of distributed small-scale versus utility-scale renewables, coupled with the nuclear and CCS furphies, is the latest chapter in the Coalition’s efforts to stymie and repoliticise Australia’s energy transition. As Andrew Forrest succinctly put it at his National Press Club address this week: “If we swallow this new lie that we should stop the rollout of green energy and that nuclear energy will be our fairy godmother, we will be worse off again.” Read more
CEF in the media  |  Feb 23, 2024

Hydrogen hopefuls stare into valley of death as electrolyser bubble pops

Renew Economy

Hydrogen electrolyser manufacturers are staring into the valley of death, as the hype-fuelled valuations of 2021 and high hopes of the hydrogen economy come crashing down around their ears. Last week, two of the most notable electrolyser technology developers – Plug Power and Bloom Energy Corp – revealed the depth of their problems as they try to achieve massive scale while improving and reducing the cost of the technologies they are developing. “The electrolyser manufacturing sector is going through a massive learning-by-doing as they’re flying the plane,” says Climate Energy Finance director Tim Buckley. Read more
CEF in the media  |  Feb 21, 2024

VIDEO | Can Australia be a renewables superpower?

ABC 7.30

With Laura Tingle on ABC TV’s 7.30, Tim Buckley supports calls by Rod Sims and Ross Garnaut of The Superpower Institute for the federal government to leverage Australia’s generational opportunity be become a zero-emissions trade and investment leader – and for a Carbon Solutions Levy to invest in the clean energy transition. Read more
CEF in the media  |  Feb 21, 2024

Proactive Investors | Queensland leads clean energy charge with transformational investments

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New research from independent think tank Climate Energy Finance (CEF) has found that Queensland is leading the nation in the transition to renewable, clean power, having made transformational investments in transmission, large-scale, low-cost renewable energy and Consumer Energy Resources (CER). Interestingly, the revamp has offered regional Queensland new opportunities as well – CEF believes the Sunshine State is on the precipice of leaving behind its legacy of coal and gas and becoming a clean tech superpower with the minerals and renewable energy needed to service the global push to decarbonisation. Read more
CEF in the media  |  Feb 21, 2024

Energy Source & Distribution | Report: Queensland leading Australia’s renewables race

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A new report by independent public interest think tank Climate Energy Finance (CEF) finds that Queensland’s nation-leading investment into transmission, large-scale low-cost renewable energy and Consumer Energy Resources (CER) is crowding-in a tidal wave of public and private capital. Leveraging Queensland’s game-changing $62 billion Energy and Jobs Plan, this is accelerating the state’s energy transition, reducing reliance on expensive, polluting fossil fuels and putting downward pressure on household and commercial energy bills. Read more
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