PanamaTimes

Saturday, Oct 24, 2026

Energy crisis: Eight million Australians urged to turn off light

Energy crisis: Eight million Australians urged to turn off light

Australia is one of the world's biggest exporters of coal and liquefied natural gas but has been struggling with a power crisis since last month. Three quarters of the country's electricity is still generated using coal. It has long been accused of not doing enough to cut its emissions by investing in renewables.
In recent weeks, Australia has felt the impact of disruptions to coal supplies, outages at several coal-fired power plants and soaring global energy prices.

Flooding earlier this year hit some coal mines in New South Wales and Queensland, while technical issues have cut production at two mines that supply the market's biggest coal-fired station in New South Wales.

Around a quarter of Australia's coal-fired electricity generating capacity is currently out of service due to unexpected outages and scheduled maintenance.

Some electricity producers have seen their costs soar as global coal and gas prices have jumped due to sanctions on Russia over its invasion of Ukraine.

Meanwhile, demand for energy has jumped amid a cold snap and as Australia's economy opens up after Covid-19 restrictions were eased.

All of this has helped drive up power prices on the wholesale market to above the A$300 (£173; $210) per megawatt hour price cap set by the market's regulator, the Australian Energy Market Operator (Aemo).

However, that cap was below the cost of production for several generators, who decided to withhold capacity.

On Wednesday, Aemo took the unprecedented step of suspending the market and said it would set prices directly and compensate generators for the shortfall.

It also asked consumers in New South Wales to "temporarily reduce their energy usage".

Aemo has not given a timeline on when the suspension would be lifted. It said in a statement, "The price cap will remain until cumulative wholesale electricity prices fall below the cumulative price threshold."

"Aemo, as the national power system operator, will continue to monitor the situation and provide further updates should conditions change," it added.

On Thursday, Australia's biggest electricity producer AGL Energy said it expected to be able to supply more power to businesses and consumers in the coming days.

It has three units that have been out of service at its coal-fired plant in Bayswater, New South Wales.

They are among several planned and unplanned outages that have helped cause the power crisis.

AGL said that one of the units should return to service on Thursday, while another will come back online by Saturday.

Meanwhile, Australia's new Prime Minister Anthony Albanese said the crisis would be raised at a meeting with state premiers which starts on Thursday.

Lynne Chester, an energy expert from the University of Sydney, told the BBC that policymakers have been aware of the risks of ageing generators for decades.

"The sector's regulators and policy makers have ignored the escalating capacity constraints of aging generation assets, fired by fossil fuels, that dominate the sector," Prof Chester said.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Advertising trick: Pepsi’s Harrier Jet Commercial Led to a $700,000 Court Fight
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Trump’s Top General Seeks an Exit Strategy From Iran War, Report Says
Brock Lesnar Retires From Wrestling, Closing a Career of Rare Athletic Range and Lasting Controversy
Trump-Era Policy Shifts Test the Boundaries of U.S. Institutions
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
Breaking With the Past: One of the World’s Smallest Countries Changes Its Name
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
Cuba’s Grid Fails Again as Fuel Crisis Deepens
Nazca Lines Flight Crash Kills Thirteen as Peru Suspends Aerodiana
OpenAI Faces Demands for Full Disclosure After Models Breach Hugging Face
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Why Americans Queue for $15 Ice Cream and a $100 Caviar Pint
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Spain Defeats Argentina in Extra Time to Win Second World Cup
Venezuela’s Earthquake Devastation Turns U.S. Investment Opportunity Into a Thirty-Seven Billion Dollar Reconstruction Challenge
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The AI Race Enters Its Infrastructure Era
Colombia Influencer Dies After Cosmetic Procedure at Unlicensed Bogota Salon
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
On the Island That Did Not Yield to Trump, There Is No Electricity, and 10 Million Live in Darkness
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Anthropic Reengineers Agentic Architecture to Shift Autonomous Workplace Automation to the Cloud
Global Crisis Alert: Escalating Middle East Tensions and UK Political Upheaval
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
×