Thank god, other states are fighting off Victoria disease.
A controversial plan to stave off looming east coast gas shortfalls by underwriting new LNG import terminals has been indefinitely delayed as interstate disagreements and a broader overhaul of the market could push back the need for overseas sources.
The Victorian-led proposal, which has yet to be signed off by state and territory ministers, would allow Australia’s energy market operator to underwrite the construction and operation of gas import terminals on the east coast, with the costs shared among states and recovered via consumer energy bills.
…South Australian energy minister Tom Koutsantonis has repeatedly said there is cheaper gas in the ground in Victoria, while Queensland Energy Minister David Janetzki said in May that the state should not have to pay the price for Victorian energy policy mistakes.
“Queensland is doing the right things, and as a state we shouldn’t be hamstrung because the Victorian government places ideology above economics,” he said.
…Federal, state and territory ministers want to wait for the outcome of the review before making a decision on the import underwriting proposal, while some gas producers also favour that approach, the sources said. Submissions to the review are also due on Friday, but a final report is not expected until late 2025.
There is no problem that Victorian Labor cannot make worse. Subsiding gas imports to skyrocket your energy bills is insanity.
The WTF just keeps getting bigger. SA is now going to have a 100% renewable grid, reliant entirely upon gas. How is that 100% renewable?
Paul Martyn, who is chief executive of the Department for Energy and Mining, said South Australia is on track to reach 100% net renewables by 2027.
…South Australia would therefore need to “firm” renewables to ensure a reliable supply of energy, as set out in the state government’s Firm Energy Reliability Mechanism, he said.
This includes through the use of community batteries, the continued use of gas and encouraging people to use more energy in the middle of the day.
It’s like we’ve gone out and recruited the worst and dumbest people in the country to run our most important and sophisticated energy infrastructure.
I can foresee a time, right about now, when the states are so stupid and the federal government so captured by gas interests, that we end up with an infra-state gas reservation.
Victoria will stop shipping it north. QLD will stop shipping it south. While NSW and SA import LNG.
We’ll have a kind of energy civil war as Albo’s shills all retire as gas executives.
