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Resource-rich Australia grapples with coal power shortage - Nikkei Asia

Nikkei Asia LogoNikkei Asia6d ago

Resource-rich Australia grapples with coal power shortage - Nikkei Asia

Quick Summary

That has reduced the supply of fuel to the Eraring power station, which generates a quarter of the electricity used by the state of New South Wales, home to Sydney.

AEMO partly lifted the suspension of the spot market Thursday and plans a full reopening if supply looks likely to remain stable.

This could equate to more than 10% of overall generating capacity, based on government materials showing that coal accounted for more than half of power generation in the fiscal year through June 2020.


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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Market Aemo Energy Electricity Australia Coal Power Prices Supply Eastern Spot

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 17:15:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 4 minutes read

Article Length: 662 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 6224

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 12 posts per day

Year Established: 1876

Headquarters: Japan

Last Updated: 8h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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