Renewables push Australia's gas power to lowest since 2000
Record renewable generation and a surge in grid-scale batteries pushed Australia's gas-fired power to its lowest third-quarter level since 2000, the Australian Energy Market Operator said on Friday. Electricity demand rose 1.3% in the July-September quarter.
Why it matters
Less gas burned for power reduces Australia's exposure to volatile global gas prices.
Background
Australia's grid has relied heavily on coal and gas. Rooftop solar, wind and batteries have grown rapidly in recent years.
Sources
- OilPrice ↗Oct 23, 7:30 AM ET
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