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Booming renewables industry halves wholesale power prices

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Renewable energy’s rapid expansion significantly slashed wholesale power prices in the national energy grid during the latter part of last year.

Prices dropped by more than half in the final quarter of 2023 compared to the same period in the previous year, primarily due to the surge in power generated from large-scale renewables and rooftop solar installations.

For a few hours on New Year’s Eve, South Australia achieved a remarkable feat by relying entirely on rooftop solar panels to meet its energy needs.

A recent report from the Australian Energy Market Operator underscores the increasing significance of renewables in the energy grid, with renewable sources accounting for up to 72% of the total power demand on the east coast during specific intervals over the three-month period.

Regional variations

However, power demand and wholesale prices exhibited regional variations, with Queensland and New South Wales experiencing higher prices compared to South Australia and Victoria.

This disparity can be attributed to an unusually warm spring and summer in some regions of the country.

The national energy market encompasses all states except Western Australia and the Northern Territory.

AEMO’s CEO, Daniel Westerman, emphasized that renewables will continue to exert a growing influence on the energy grid.

He stated, “We are regularly seeing records set for the higher contribution of renewables and lower levels of energy drawn from the grid because of rooftop solar.”

Westerman also highlighted the potential for renewables to push the spot price of power below zero, particularly during daylight hours.

Throughout the three-month period, the spot price in the national energy market was at or below zero approximately one-fifth of the time. AEMO predicts that such opportunities will become crucial in the coming years, particularly as pumped hydro projects like Snowy 2.0 rely on affordable energy to pump water uphill.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Carney’s Liberals poised for Canadian election victory

Mark Carney’s Liberals projected to win Canadian election, promising economic reform and a robust stance against Trump.

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Mark Carney’s Liberals projected to win Canadian election, promising economic reform and a robust stance against Trump.

In Short

Canadians are likely to re-elect Prime Minister Mark Carney and the Liberal Party, aiming to tackle economic challenges and U.S. relations.

Carney’s leadership has gained voter support, positioning him against Conservative rhetoric and focusing on strengthening Canada’s economy and trade ties.

Canadians are projected to retain the Liberal Party under Prime Minister Mark Carney in the recent national elections.

Carney, a former central banker, is expected to address economic challenges and respond to U.S. President Donald Trump’s claims about Canada’s economy.

The Liberals aim for a fourth term, although it is uncertain if they will secure a majority. Carney took over as Prime Minister following Justin Trudeau’s resignation earlier this year.

The Conservatives were leading by over 20 points in January but the political landscape shifted after Trump’s return. Carney positioned himself as the candidate capable of managing relationships with the U.S. and rebuilding Canada’s economy, which heavily depends on American demand.

Leadership skills

Polling data indicated a turning tide for the Liberals, as voters appreciated Carney’s leadership skills. After a conversation with Trump, Carney mentioned plans to discuss a new economic and security agreement post-election.

He plans to increase military investment while maintaining Canadian sovereignty on key issues like resources and language laws.

Carney has emphasised the need to enhance trade ties with Europe and Asia, aiming to reduce barriers within Canada. With his background in finance during critical periods, he aims to bring confidence back to the economy through tax reforms and targeted spending.

Pierre Poilievre’s Conservative rhetoric reportedly alienated some voters, amplifying support for Carney as the viable choice against Trump’s influence.

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National Top 10 Best Buyers Report: Terry Ryder’s Surprising Picks for Investors

Terry Ryder analyzes the National Top 10 Best Buyers Report, highlighting future capital growth locations like Darwin and Melbourne, while offering tips for first-time investors and an exclusive report discount.

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Terry Ryder analyzes the National Top 10 Best Buyers Report, highlighting future capital growth locations like Darwin and Melbourne, while offering tips for first-time investors and an exclusive report discount.


In this episode, Terry Ryder breaks down the National Top 10 Best Buyers Report, sharing how he identifies locations with long-term potential and future capital growth — beyond today’s “hot” markets. Discover why Darwin is a standout and why Melbourne is back on the radar. Plus, get his advice for first-time property investors and an exclusive discount on the report!

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#PropertyInvestment #RealEstate #Hotspotting #InvestmentTips #NationalTop10 #CapitalGrowth #RealEstateAustralia #FirstHomeBuyers

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U.S. Treasury Secretary warns China to urgently fix trade tensions

Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.

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Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.


Treasury Secretary Scott Bessent has put the pressure firmly on China to take steps to reduce escalating trade tensions, stressing the heavy reliance of China’s economy on exports to the United States.

Bessent warned that current high tariff levels are unsustainable and shared optimism about negotiation breakthroughs with other nations, notably a potential trade deal with India.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#TradeTensions #ScottBessent #ChinaTrade #GlobalEconomy #TickerNews #Tariffs #EuroSurge #IndiaDeal

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