Origin Energy and the NSW government are in detailed talks over the future of Eraring,the largest Australian coal-fired power plant.
Rate-sensitive sectors including consumer stocks dragged the local sharemarket lower,despite a US equities rebound overnight following its steep sell-off.
East coast gas producers will avoid facing unprecedented orders to break export contracts and redirect supplies to Australian buyers this winter.
The energy industry is warning greater co-ordination is needed to ensure new supplies are built in time for more coal-fired power plant closures.
The Minns government has so far not disclosed the terms of its negotiations with Origin Energy ahead of a likely extension beyond 2025.
Octopus Energy wants to give the global electricity market its Uber moment as renewable energy erodes the traditional relationships between power companies,their customers and the grid.
The Minns government will offer funding for small and medium-sized businesses to pilot new clean energy technology.
The energy giant is running its only power station in Victoria at full capacity to help stabilise the grid following Tuesday’s huge storm.
Households may get some relief from high electricity prices by the middle of the year as forward spot prices in the wholesale electricity market fall.
While some companies have tied office attendance to pay in a bid to get employees back in the office,it could come with unintended consequences.
The power giant also wrongfully disconnected 98 gas customers without following proper processes,including people in financial hardship.