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If you want to understand the nature of Australia’s current energy crisis, look beyond the headlines and rhetoric from both sides beyond the fossil fuel fence, and just look at market prices. Australian consumers – both big and small – are duped at gas stations, power sockets and gas pipelines by a large industry that is used to setting its own rules and regulations, and having its own way with markets and governments. Australia is not short on gas, which is now clearly established. But what it also has to admit is that it has nothing short of gas cartel-like behavior, even if the country’s impotent regulators prefer to look the other way. On Monday, something extraordinary happened. On the same day that the Australian government finally dared to call it a bluff, and threatened the imposition of the so-called “gas trigger”, prices fell in both the electricity futures market and the gas market. It’s as if the fossil fuel industry has been caught red-handed, like a trillion-dollar t

The Australian Energy Market Operator (AEMO) has stepped in to prevent a potential gas shortage in Victoria, the state’s energy minister said. Key points: Energy market operator AEMO says guaranteed gas supply will ensure transparency in the market The Victorian government has ruled out lifting the wholesale gas price cap in response to pressure on supply State opposition calls for reduced gas exports from Victoria Victorian Energy Minister Lily D’Ambrosio told ABC Radio Melbourne that AEMO triggered a gas supply guarantee on Tuesday afternoon, as reserves at storage facilities in the state’s southwest continued to fall. “That means they will have greater visibility of gas sales and supply across markets including Victoria but in other states, to get transparency here,” he said. “When you get more transparency in the market, the market starts to change its behavior, and to be honest, the market has slipped too much here. “More visibility means, as it did in April [when the guarantee wa

When the price of lettuce jumped to $10 due to extreme weather in New South Wales and Queensland, it caused a shockwave across the country, but some farmers in the flood zone were left relatively unscathed – as they grew in the shade. Key points: Protected crops have seen significant growth in Australia over the last 10 years Two Lockyer Valley farmers say protected plantings reduce flood damage on their property Experts say farming under cover is inevitable with more extreme and varied weather events Now experts say protected plantings could be key to keeping cabbages away from burgers and spring rolls in their place and getting farmers back to planting after extreme weather. What are protected plants? Protected crops are the production of horticultural crops under or within structures. It’s more than just a greenhouse according to Paul Gauthier, who is professor of protected plants with the Queensland Alliance for Agriculture and Food Innovation. He said there are three types of prot