renewable electricity

In Australia, the National Electricity Market is rapidly becoming dysfunctional, with power shortages, blackouts and soaring prices making headlines.

Private companies are refusing to invest in new fossil fuel generators to replace those that have closed. This “investment strike” is due partly to uncertainty about carbon pricing and partly to increasingly volatile spot prices received by generators.

A new Climate Council report card on the renewable energy progress of Australia's states and territories finds South Australia and the ACT are topping the class.

NSW received the worst grade due to its low and falling percentage of renewable energy, no renewable energy target and low levels of rooftop solar.

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