Origin approves expansion of what will already be the biggest battery in Australia as it seeks more storage capacity to fill the evening demand peaks.
Smart Energy Council's David McElrea on why federal Labor must make some urgent changes to its super successful Cheaper Home Batteries scheme – and what those changes might be. Plus news of the week.
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From the Market Ear: Inverse HS? Is SPX flirting with an inverse HS formation? A proper close above the 6900 area (futures) and things could get squeezy. If November was just a shake out of weak hands, and the trend channel remains the compass, then we have room to push this substantially higher. Russell roaring
The post Far from a bubble? appeared first on MacroBusiness.
The latest Statement of Monetary Policy from the Reserve Bank of Australia (RBA) forecasts the unemployment rate will remain at 4.4% through to the end of 2027. Today, the Australian Bureau of Statistics (ABS) released the November labour force report, which reported that the unemployment rate remained at 4.3% in both seasonally adjusted and trend
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, digs into the great valuation debate — exploring how stretched markets truly are, what’s driving the disconnect between price and fundamentals, and where investors should be most cautious as the cycle matures. Join us when we go LIVE at 12:30 AEDT Take us on
Another major financing deal announced for renewable energy projects, this time for a portfolio that includes the NEM's first solar battery hybrid project.
The post Another big financing deal landed for wind, solar and solar-battery hybrid portfolio appeared first on Renew Economy.
In much of the rest of the world, the month-to-month moves of interest rates by central banks are not something that rates much of a mention around the proverbial equivalent of the backyard BBQ. Yet in Australia, moves in interest rates are monitored as if they were part of the national sporting pastime and a
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Stats NZ released migration data for October, which showed that large numbers of Kiwis continue to leave, mostly for Australia. Net migration was only 11,929 in the year to October, down from a net gain of 35,400 in the October 2024 year. The current net migration inflow is a fraction of the circa 130,000 peak in
The post The Great Kiwi-Australia exodus continues appeared first on MacroBusiness.
Cost of battery storage has fallen by 40 pct of more for second year in a row, changing the game for big solar, grid management, consumers and renewables in general.
The post The plunging cost of battery storage, and how it’s changed the grid – and saved the day for big solar appeared first on Renew Economy.
Amidst the ongoing debate over the future of Ukraine and whether the United States will force peace terms on the war-weary nation, Europe’s leaders are deeply considering ratcheting up the stakes in their ongoing battle with Washington. According to reports from the Wall Street Journal, European governments are considering a drastic step, dumping huge quantities
The Australian dollar – much like most other undollars – made new highs last night on the long expected rate cut by the US Federal Reserve, with the added boost of Fed Chair Powell calling it a “neutral position” not a hawkish reaction as expected: Full statement from the Fed below – the TLDR takeaway
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Australia’s Treasurer of propaganda, “Spin” Jim Chalmers, can’t stop spreading misinformation about the state of the economy. A few weeks back, Spin Jim claimed that Labor had delivered the “longest period of consecutive real wage growth in almost a decade” following eight consecutive quarters of annual real wage growth: Spin Jim’s brag came despite a 0.5%
Households will have to pay up front and in full for new gas connection, thanks to new rule to protect consumers from the impending network death spiral.
The post Households to pay full cost for new gas connections as rules change to contain network death spiral appeared first on Renew Economy.
Wall Street loved the rate cut from the Fed last night and the apparently neutral not hawkish future position espoused by Fed Chair Powell. Other risk markets also saw a lift while the USD was poleaxed across the board with Euro up sharply. Oil prices saw a small lift as did other commodities while the
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