ABC Business Daily

As solar panels pop up on more rooftops and batteries increasingly soak up excess power to be used later on, the way Australians utilise the power grid is shifting dramatically.

New modelling released today from the Australian Energy Market Commission imagines an overhaul of electricity pricing that it says could cut costs by billions.

But how do the numbers break down? And who might be the winners and losers along the way? 

Carrington Clarke and ABC News Energy Reporter Daniel Mercer break it all down on ABC Business Daily.

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Send a short voice recording to Carrington and the team at [email protected]

The cost of a family pack of Oreos became the centrepiece of the opening day of a court case pitting the consumer watchdog against supermarket giant Woolworths.

The ACCC says Woolies’ 'Price Drop' marketing misled customers about what discounts were being applied to a range of items. So what's been said on day two?

And in the United States, the Senate gathered to grill Trump’s nominee for Federal Reserve chair amidst the backdrop of a criminal investigation against the man currently holding the position. 

Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.

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Prime Minister Anthony Albanese and Energy Minister Chris Bowen have announced four additional cargoes of diesel have been secured for Australia.

It’s an additional 200 million litres of diesel, coming from South Korea, Brunei and Malaysia. 

While this will undoubtedly help Australian industry, what will it cost us in the long-term? And what will this mean for the region?

Carrington Clarke and Ian Verrender help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.

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Send an email to Carrington and the team [email protected]

When Russia launched its full scale invasion of Ukraine in 2022, it sent the price of natural gas soaring - and Australian consumers faced steep hikes in their electricity bills.

But this time around, when war has once again sent the international price of gas skywards, Australia has remained relatively insulated.

So what’s different this time?

And big news from tech today, with the announcement that Apple CEO Tim Cook is stepping down in September. What will Cook's successor need to keep front of mind?

Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.

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Send a short voice recording to Carrington and the team at [email protected]

After a brief window of hope that traffic through the Strait of Hormuz would start to normalise, a harsher reality has kicked in. With both Iran and the US firing on vessels, the oil price is surging once again.

Meanwhile, there’s fevered speculation about what the Government could unveil in this year’s federal budget, due to be released in early May. Could the Capital Gains Discount be in for a major overhaul?

Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.

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We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

Petrol and diesel prices have been falling in recent days - but the Strait of Hormuz is once again under pressure.

Iran has fired on multiple ships attempting to pass through it, and the US has seized an Iranian-flagged container ship.

So what happens now? Are we nearing another major pinch point for global supply - or are we already there?

Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.

Got a burning brent crude question?

Send an email to Carrington and the team [email protected]

For years, Australia has managed to avoid some hard questions. 

Why is productivity growth going backwards? Why do wages, housing, and living standards feel under pressure? And how long can the country keep relying on good fortune instead of serious reform?

Danielle Wood, Chair of the Productivity Commission, is at the centre of that debate. She joins That's Business to talk about what has gone wrong, whether governments have let the reform task slide for too long, and why AI could either help lift productivity - or create a whole new set of challenges.

It’s a conversation about why Australia feels stuck, what it would take to change course, and whether anyone in politics is really prepared to do it.

Danielle Wood joins Alan Kohler to unpack it all on That's Business with Alan Kohler.

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The Prime Minister visited the Viva Energy refinery this morning, announcing that it is still operating, but at reduced capacity. What should Australians expect in terms of fuel supply against the backdrop of the ongoing energy crisis?

Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.

Got a burning brent crude question?

Send an email to Carrington and the team [email protected]

It was a shocking scene for most Australians to wake up to - the Viva Energy refinery ablaze.

The fire has raised further questions about Australia’s vulnerability to cuts in fuel supply. Could biofuels be part of the answer?

Meanwhile, American markets have surged, leaning hard into the hope that the war with Iran could soon come to an end. 

Carrington Clarke and ABC Business Reporter Daniel Ziffer break it all down on ABC Business Daily.

Got a burning business question?

Send a short voice recording to Carrington and the team at [email protected]

The world’s financial and economic elite are descending on Washington DC.

The International Monetary Fund is holding a series of meetings and warning that the energy crisis is going to mean (at the very least) lower growth and higher inflation.

And in a severe scenario, a continued energy supply crunch could see the world stumble into its third recession of this century.

Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.

If you’re curious about the politics behind the IMF meeting, tune into today’s Politics Now episode with Patricia Karvelas and David Speers.

Got a burning business question?

Send a short voice recording to Carrington and the team at [email protected]