Australia is very rich in the energy sector, It has a variety of energy resources, including:
Coal:
Australia is one of the world’s largest producers and exporters of coal. The country has large reserves of black and brown coal, which are used to generate electricity and for industrial purposes. Energy providers specially electricity utilizes coal to generate electricity.
Natural Gas:
Australia is also a major producer and exporter of natural gas. The country has abundant reserves of conventional and unconventional gas, including coal seam gas, which is extracted using hydraulic fracturing.
Oil:
While Australia is not a major producer of crude oil, it has significant reserves of offshore oil and is a net exporter of petroleum products.
Uranium:
Australia has the world’s largest known reserves of uranium, which is used primarily in nuclear power generation.
Renewable Energy:
Australia has abundant renewable energy resources, including solar, wind, hydro, and geothermal energy. The country is a world leader in rooftop solar power, with more than 2 million households having installed solar panels.
Bioenergy:
Australia has a significant potential for bioenergy production from agricultural and forestry wastes, as well as from dedicated energy crops.
Considering the above facts, it is clear that Australia has a diverse mix of energy resources, with coal and natural gas currently dominating the country’s energy mix. However, there is a growing trend towards renewable energy, driven by government policies and market forces. If Government succeeded in their target of renewable energy, consumers will be able to get cheapest electricity.