Australia proposes rules to stabilise grid
Sydney
AUSTRALIA has released a raft of proposals designed to avoid cascading blackouts and stabilise the nation's power supply as it becomes increasingly dependent on variable wind and solar energy.
The recommendations from the Australian Energy Market Commission are the latest in a series of measures taken by the government and regulators to shore up power supply in the wake of a string of blackouts, warnings of gas shortfalls and soaring energy prices.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data
Oil settles lower as US business activity cools, concerns over Middle East ease
Orsted says Taiwan wind project to power TSMC on track for 2025 finish