What is the electricity grid and how does it work? How are energy supply and prices determined? An expert breaks down a few of the terms and ideas underpinning Australia’s energy crisis.
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We arrived at this moment thanks to a series of policy decisions under previous governments – state and federal - that left Australia’s energy system unable to cope with the demands placed on it.
For expensive oil and gas to be politically acceptable, two things must happen.
A bigger-than-expected jump in inflation means the Fed may have to get more aggressive about interest rate hikes. An obscure economic indicator suggests it has room to do so.
Labor knew it would inherent a cost-of-living problem – it campaigned on it. But it didn’t expect the dramatic crisis in gas prices Australia is suddenly facing
The UK chancellor is giving a one-off payment of £1,200 to the most vulnerable households, while U-turning on a windfall tax for energy companies.
Decommodifying energy could ensure no one dies because they can’t afford to pay a bill.
Millions of people will risk their health to afford heating and electricity in the months ahead.
Starting out is getting more and more expensive.
Economists shape the world in many ways, but some of their conclusions are counter-intuitive to say the least.
The Federal Reserve is expected to lift interest rates a half point at its next meeting and more in the coming months, but it may be too late to forestall an economic downturn.
Democratic nations are adept at evolving to deal with economic shocks.
Grain and fertilizer shortages, higher shipping costs and a strong dollar are all pushing food prices up and increasing hunger in dozens of vulnerable countries.
The consumer price index, which measures everything from the price of peanut butter to gasoline, jumped at an annualized pace of 8.5% in March 2022 as inflation continued to accelerate.
There’s no evidence the Australian government’s so-called ‘Big Stick" power pricing law have achieved anything, or were ever needed.
More than 6 million UK households may now be unable to heat their homes.
The total release could reach 180 million barrels over six months, which would make it the biggest in the history of the Strategic Petroleum Reserve.
A month when the cost of living crisis will be harshly felt.
Consumers are feeling pain at the pump and demanding solutions. Some politicians are pushing gasoline tax waivers – but that means less money to fix roads, and often not much economic relief.
Australia might be a long way away, but fossil fuel price spikes triggered by the Russian invasion of Ukraine are hitting households hard. We could have avoided this pain.
Principales colaboradores
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Senior Industry Fellow, RMIT University
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Energy Fellow, Grattan Institute
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Senior Research Associate, Renewable Energy & Energy Systems Analyst, UNSW Sydney
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Professorial Fellow, University of Canberra
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Vice Dean and Associate Professor in Economics, University of East London
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Director, Victoria Energy Policy Centre, Victoria University
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Director of Energy Studies, University of Florida
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Professor, Deakin Law School, Deakin University
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Associate Professor of Markets, Public Policy and Law, Boston University
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Associate Professor of Strategy and Sustainability, Warwick Business School, University of Warwick
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Honorary Research Fellow, City Political Economy Research Centre, City, University of London
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Research Fellow in Fuel Poverty and Energy Policy, Built Environment Asset Management (BEAM) Centre, Glasgow Caledonian University
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Program Director, Energy, Grattan Institute
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Senior lecturer, Energy Policy Group, University of Exeter
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Professor, Emerging Technologies Research Lab, Monash University, Monash University
