Running on Empty

In this Weekly Dispatch:

1. The ACCC produced an interim update on the East Coast gas market, highlighting that if investment is not made, there will be shortfalls in the future.
2. Wholesale electricity prices roughly doubled in the December quarter in NSW and QLD compared to the previous year.
3. More than 400,000 households are without power due to the fires in California.
4. The world’s first 300MW compressed air energy storage plant is fully operational in China.
5. Podcast of the week: Columbia Energy Exchange discusses how climate change is a catalyst for global conflicts.