Tuesday, 14 March 2023

Australia live news: Morrison says China threat inspired Aukus deal, Woodside directors face climate challenge

Former PM tells ABC’s 7.30 that he pursued plan to prevent war with Beijing; three energy giant board members targeted by shareholder activists. Follow the day’s news live

Households in three states will face increases in the power bills of as much as 23.7% from 1 July if the Australian Energy Regulator’s draft determination is confirmed.

The increases in the so-called default market offer were outlined in a media release from the regulator on Wednesday morning.

It’s still an increase so it’s not as bad as it could have been.

The default market offer isn’t meant to be the cheapest rate out there - quite the opposite.

I also note Australia’s previous declaration to the Agency that it does not intend to pursue uranium enrichment or reprocessing in relation to Aukus and that it has no plans to undertake nuclear fuel fabrication as part of this effort.

Foreign Minister Wong has formally requested the Agency to commence negotiations on an arrangement required under Article 14 of Australia’s CSA. In accordance with the applicable norms (modified Code 3.1 of its Subsidiary Arrangements), Australia has also provided to the Agency preliminary design information related to this project.

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from World news | The Guardian https://ift.tt/oreFTfL

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