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A Queensland electricity retailer, LPE, has told some of its regional customers to leave and head off to its competitors because it was about to double its prices as energy costs spiral.
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Queensland energy investor Trevor St Baker, who has made a fortune from picking the market, has rubbished hydrogen and described government advisers who back the fuel as dumb.
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The private sector has very clearly rung the bell on the future of coal, but in Queensland, the market has never been that clear.
South-east Queensland’s punishing heatwave has sparked worries about possible blackouts as early as Tuesday evening as electricity demand surges across the region.
Morgans has raised doubts about Andrew “Twiggy” Forrest’s expensive push into hydrogen, saying it could mean a long period of losses.
The Queensland Government appears to have overstated its renewable energy levels, according to a report from the Queensland Audit Office.
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