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Renewable energy is roaring back, crushing coal to historic lows

However, wholesale prices started retreating in September, according to the Australian Energy Market Operator (AEMO), averaging $46 a megawatt-hour for the month and $50 a megawatt-hour in October. Lisa Zembrodt, head of energy transition and sustainability at Schneider Electric.Credit: Arsineh Houspian If sustained, the declines could help lower the risk of electricity bills rising sharply […]

Spain’s apocalyptic floods show undeniable truths: the climate crisis is getting worse and Big Oil is killing us | Jonathan Watts

Move on. Nothing to see here. Just another ordinary, everyday apocalypse. If past experience is any guide, the world’s reaction to the floods in Spain last week will be similar to that of motorway drivers at a crash scene: slow down, take in the horror, outwardly express sympathy, inwardly give thanks that fate picked someone […]

European Gas Prices Post Biggest Weekly Decline Since January

Article content (Bloomberg) — European natural gas prices registered their biggest weekly decline since January, with optimism on Ukraine transit flows contributing to the bearish momentum.    Benchmark futures for December delivery closed 3.5% lower on Friday, capping a weekly drop for the front-month contract of almost 10%. That’s the biggest percentage reduction since the […]