Blogotariat

Australian households are not just putting in more solar batteries, they are putting in bigger ones. And that has big implications for how the grid is managed.

Russian President Vladimir Putin will meet Ukraine’s Vladimir Zelensky if all the issues relating to the settlement of the conflict between Moscow and Kiev are worked out, Russian Foreign Minister Sergey Lavrov has said.

On Wednesday evening, I received an email from an Australian Bureau of Statistics (ABS) media officer suggesting that I have misled the public by quoting the ABS’ monthly net permanent and long-term arrivals data. The article where I have purportedly misled can be read here. The email, presented below with the officer’s name removed, claimed

The post ABS tries to censor migration debate appeared first on MacroBusiness.

Australian stocks led the way to a new record high today but the rest of Asian share markets were mainly down across the board as risk sentiment continues to shift further into negative space as we all await the Jackson Hole conference tomorrow. The USD remains on a small rally against the majors although Euro

The post Macro Afternoon appeared first on MacroBusiness.

A category error that keeps rearing its head in the energy transition debate is the trope of how huge transmission costs are passed on to customers. But is this true?

Emus, dingoes and panels. Work begins on the solar component of a microgrid that will power a remote and cyclone-prone coastal town with 80 pct renewables.

Cotality has released its final auction results for last weekend, which recorded a clearance rate of 71.7% for Sydney—the highest of the major capital cities. Sydney’s clearance rate held above the 70% threshold for the third consecutive week, coming in at 71.7%—the strongest result in five weeks. Sydney’s monthly average final auction clearance rate now stands

The post Are Sydney house prices ready to launch? appeared first on MacroBusiness.

There is nothing a central banker likes more than to waste money while forcing everybody else into austerity. The cost of renovating the RBA’s asbestos-ridden head office in Sydney’s Martin Place has risen to $1.2 billion, prompting the newly installed governance board to consider selling the building and walking away from the troubled project. The

The post The RBA’s big, black building appeared first on MacroBusiness.

Five community batteries power up across Perth, designed to soak up excess rooftop solar, help cut energy bills, lower emissions and improve local power reliability.

With the release of the Reserve Bank of Australia’s (RBA) latest Statement on Monetary Policy last week, the media focus was swiftly placed squarely upon the RBA’s forecast that productivity growth would be anaemic 0.7% per year on a long-term time horizon. But buried in the RBA’s lengthy forecast table was perhaps an even more

The post RBA forecasts sets scene for raining rate cuts appeared first on MacroBusiness.

The ferrous complex remains weak despite an overnight convulsion. Led by steel prices is bearish. Bloomberg. Some mills in Tangshan had received notices to restrict sintering machines by 30% from late August to early September, while other plants had been ordered to cut blast furnaces by 40%, according to a survey of 21 mills by

The post Iron ore keeps falling appeared first on MacroBusiness.

Recent data from Jobs & Skills Australia (JSA), published in The Australian, showed that there were an abundance of applicants per job, suggesting that concerns around labour shortages are overblown. At the economy-wide level, there were 29.3 applications per vacancy, 9.4 qualified applicants per vacancy and 4 suitable applicants per vacancy: Separate recruitment difficulty data

Below is a brilliant guest post from MB reader Erin Rolandsen, CEO of Angelassist: The quality of our lives is determined by the quality of the questions we ask. Today’s productivity summit will ask how to clear the backlog of 30,000 environmental approvals holding up construction. The result is embedded into the question—houses must rise,