<
https://reneweconomy.com.au/battery-boast-australia-dodges-global-gas-price-shock-with-help-of-storage-and-renewables/>
"The Australian electricity market’s success in dodging the latest round of
global price shocks, using a buffer of firmed renewables now averaging around
50 per cent of total supply, has been highlighted in the latest report from the
International Energy Agency.
The IEA’s
Electricity Mid-Year Update 2026, released on Thursday, is set
against a market still in the throes of the Strait of Hormuz crisis, with
spikes in LNG prices translating into higher costs for gas-fired electricity
generation, which has in turn pushed up wholesale electricity prices in several
regions from March onward.
In the European Union and Japan, for example, average spot wholesale
electricity prices increased by more than 30 per cent, year-over-year, in the
second quarter of 2026.
In Australia, on the other hand, the shift to renewables that so many
politicians and media outlets on the right continue to describe as “reckless”
and costly, has helped to send wholesale electricity prices in the other
direction, thanks to relying much less on peaking gas or costly coal."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
