Energy

The LNP government has continued its shift back towards more traditional energy sources.

Ofgem said eight firms will hand out compensation and support after a review into struggling customers fitted with meters.

The move continues the LNP government’s shift away from heavy renewable development.

According to a survey, almost half of firms say staff are already leaving to find work overseas, triggered by a lack of viable energy projects in the UK.

The Australian Energy Regulator released its latest Default Market Offer (DMO) for energy prices in NSW, Queensland, and South Australia.

The government said it received 550 submissions on the project, with 85 percent expressing doubt about it going ahead.

The 2024 regulation would have required steep emissions cuts from coal and gas plants using carbon capture technology.

A major investment is needed to refit fossil fuel-era grids for renewables and surging electrification. Analysts warn that the cost will fall on consumers.

The 11 states’ ‘Affordable Clean Cars Coalition’ comes after Congress repealed California’s authority to set stricter vehicle emissions standards.

The president issues four orders designed to accelerate commercial reactor development and reform the Nuclear Regulatory Agency.

The U.S. president’s comments come amid rising gas prices and growing tensions over the UK’s net-zero transition.

Critics say the energy price cap is no longer protecting consumers, calling for urgent market and welfare reform.

The commission met workers who expressed concerns they face a ‘cliff edge,’ rather than a managed and supported transition into the renewable energy sector.

The rule imposes ‘costly and unrealistic mandates’ on small businesses, warned a business group.

Concerns about the U.S. economy following Moody’s credit rating downgrade also put a downward pressure on prices.

Musk attended the meeting as founder of an artificial intelligence company.

About 30 percent of the project has already been completed, according to developer Equinor.

The department says increased LNG exports benefit the economy, allies, and national security.

While federal support may keep some power plants open, natural gas, steel uncertainty, and population decline are the main threats to Monongahela Valley coal.

Long delays in traffic have been predicted after a truck carrying a wind turbine part failed to clear a busy overpass.