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Friday, October 23, 2026Updated 15:22 UTC

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Renewables Boom Pushes Australia’s Gas Power to Quarter-Century Low

Source: OilPrice.com · Oct 23, 2026 11:30 UTC

Carved stone eagles and seal above the entrance of the Federal Reserve Bank of Dallas — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Record renewable power generation and a surge in grid-scale battery capacity pushed Australia’s gas-powered generation to its lowest for any third quarter since 2000, the Australian Energy Market Operator (AEMO) said in its Quarterly Energy Dynamics (QED) report on Friday. Despite lower heating requirements, Australia’s electricity demand rose by 1.3% in the July-September winter quarter, amid ong

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