News

Booming renewables industry halves wholesale power prices

Published

2 years ago

January 25, 2024

Ahron Young

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.

News

Sign of the times? Hyundai and Mazda turn to China for EVs

Hyundai and Mazda tap China for new EVs, highlighting the country’s rising role in global electric vehicle production.

Published

17 hours ago

November 3, 2025

ticker NEWS

Hyundai and Mazda tap China for new EVs, highlighting the country’s rising role in global electric vehicle production.

Hyundai and Mazda are now sourcing new EVs from China, their first models built for and by the Chinese market. It’s a move that underscores China’s growing dominance in global electric vehicle manufacturing.

#EVs #ChinaAuto #Hyundai #Mazda #ElectricVehicles #CarNews #AutoTrends #MadeInChina

News

Terror on Cambridge train as nine injured in knife attack

Nine injured in Cambridge train stabbing; two arrests made as authorities investigate possible terror motives.

Published

22 hours ago

November 3, 2025

Ahron Young

Nine injured in Cambridge train stabbing; two arrests made as authorities investigate possible terror motives.

Nine people have been seriously injured after a violent stabbing spree on a train near Cambridge. Witnesses described scenes of panic as passengers scrambled for safety during the shocking incident.

Two men have been arrested, as British Transport Police—assisted by counterterrorism units—investigate the motives behind the attack. Armed officers reportedly tackled one suspect armed with a large knife as emergency services flooded the scene.

The attack has left the community shaken and authorities on high alert, with questions swirling about whether this was an act of terror or a random rampage.

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

#CambridgeAttack #UKNews #BreakingNews #TrainStabbing #CounterTerrorism #PoliceResponse #CrimeAlert #TickerNews

News

Trump’s shock peace deal as Morocco and Algeria end fighting

Trump brokers historic peace between Morocco and Algeria; experts debate implications for Middle Eastern relations and global influence.

Published

22 hours ago

November 3, 2025

Ahron Young

Trump brokers historic peace between Morocco and Algeria; experts debate implications for Middle Eastern relations and global influence.

Donald Trump has once again stunned the world, this time brokering a historic peace agreement between Morocco and Algeria—with the backing of the United Nations. The move has many wondering whether the former U.S. president is reinventing himself as a global peacemaker.

Professor Tim Harcourt from UTS breaks down how Trump managed to secure the deal and what role the UN played in formalizing the agreement. Morocco’s vow to protect Jewish communities and strengthen ties with Israel adds another layer to this surprising diplomatic twist.

As Trump’s influence on global affairs grows, experts are debating whether this marks a genuine shift in Middle Eastern relations—or just a calculated political play on the global stage.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#TrumpPeaceDeal #Morocco #Algeria #MiddleEast #Diplomacy #UN #Israel #TickerNews