The amount of energy used in the bitcoin mining business is staggering. Bitcoin’s electricity consumption, at 122 TWh- is above Argentina (121 TWh), the Netherlands (108.8 TWh) and the United …
Bitcoin & Cryptocurrency Mining – The Energy Problem
Bitcoin Mining in Australia – Solving the Energy Problem
The recent historic six-year lows in wholesale electricity prices have suddenly made Bitcoin mining in Australia a very real possibility, especially if mining labs are hooked up directly to renewable …
Federal Government announces Hotel Energy Uplift grant for hotels and motels
The hospitality industry took some hard blows last year, starting with the ‘Black Summer’ bushfires from early 2020 up to the COVID-19 restrictions, which are still ongoing in some form …
Electricity supply side response to ultra-low wholesale energy prices kicks in as Origin shuts unit at 2,880 MWh Eraring coal plant
The electricity supply side response to plummeting wholesale energy prices has begun with Origin Energy shutting down generation in one of its units at the massive 2880 MW coal-fired Eraring …
Coal becomes unprofitable with market volatility and price hikes likely to return in the medium term
Wholesale electricity prices are at a six-year low, but market volatility and price hikes are likely to return in the medium term as coal becomes unprofitable and power plants close …
Has Australia’s energy gentailer business model passed its used-by date?
The landscape in Australia’s electricity market is undergoing a seismic shift at present with cheap renewable energy flooding into the market and causing some serious questions to be asked about …
Energy consumers are the big winners in Australia’s renewables transition as prices tumble
Australia’s energy consumers are the biggest winners in the country’s transition to renewable energy as prices plummet to historic lows. Prices were down 70 percent down in just one year, …
Two renewable energy firsts with massive 1,200 MW Hunter and Albury hydropower batteries
Australia is set for two world firsts in the renewable energy sector as CEP Energy plans to build a 1,200 MW big battery at Kurri Kurri in the Hunter Valley …
December 2020 – January 2021 Energy Market Review
Welcome to the first energy market review of 2021! Australia’s electricity markets are ringing in the new year in a vastly different position to last year. In January 2020 we …
Wholesale electricity prices to remain stable until 2023 if big batteries, hydro, and gas- peaking plants firm up renewables
The volume of renewable energy generated, rooftop solar uptake, falling coal and gas prices and lower demand have all contributed to wholesale electricity spot prices, which are currently the lowest …
