ON the eve of endeavouring to introduce an emissions trading scheme, the Australian government is looking at the damage that could accrue to the power generators.
After years of research and judgments by Treasury and climate change department, the Rudd Government is seeking outside help.
It has commissioned Morgan Stanley to value assets before and after the introduction of the carbon pollution reduction scheme.
In an almost ‘bolted horse’ scenario, the government has incredulously decided to disbelieve the industry projections and go outside to find out who is right; the public servants or the generators.
The wide-ranging investigation includes retailers claims they would go broke if a generators fell over.
According to the Financial Review article the government is concerned if one generator falls over there would be a serious impact on power supplies.
This position has been pointed out in countless submissions and articles in the press over the past two years but only now is the government decided to step out from its high ground moral positioning and look at reality.
Canberra reportedly thinks the generators are ‘embellishing’ their claims.
Considering the state government of NSW owns its generators and the Victorian government has marginal overseas privately-owned generators who can pull the plug at the swish of a pen; there is a lot at stake.
ON the eve of endeavouring to introduce an emissions trading scheme, the Australian government is looking at the damage that could accrue to the power generators.
After years of research and judgments by Treasury and climate change department, the Rudd Government is seeking outside
ITC Holdings Corp., an independent electricity transmission company based in Novi, Michigan., has raised concerns about the lack of comprehensive electricity transmission policy reforms included in the American Clean Energy and Security Act (ACES) passed by the US House of Representatives. Read More..
ONE of Australia’s largest power stations went off the grid following an explosion in a recently newly-built transmission yard in the NSW Hunter Valley.
The 2640MW Bayswater Power station was left with lots of power and nowhere to go when an explosion occurred in transmission comp
THE passage of the American Clean Energy and Security Act through the US House of Representatives shows that a cap-and-trade emissions trading scheme can be designed to achieve real emission reductions without damaging generation company balance sheets, according to the Energy Supply Assoc Read More..
THE Competitive Enterprise Institute has charged a senior official of the US Environment Protection Agency actively suppressed a scientific analysis of climate change because of political pressure to support the Obama Administration’s policy agenda of regulating carbon dioxide.
AUSTRALIA’S climate change minister, Penny Wong has proved lacking in response to a fellow senator’s basic question on the science of greenhouse gasses and climate change.
Her response to three questions put by Senator Steve Fielding has concerned the four scientists who accompa
THE US House of Representatives has approved climate change legislation rated as a high priority of President Barack Obama (pictured) and Democratic leaders in Congress.
Attention now shifts to the Senate, where the environmental bill faces tough opposition.
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STOP WEB: - The French electricity union (UFE) said on Wednesday it had improved the available power production data via the website of French power grid RTE. Traders can access from July 1 the available production capacity data for the previous day, including from unplanned outages.
Up to now, French power grid RTE only published consumption forecasts, as well as short-term, medium-term and long-term available capacity data, which do not include unplanned outages.
EXCERP FROM TODAY'S EMAIL NEWSLETTER: The Australian Energy Market Operator (AEMO) opened its doors yesterday with managing director and chief executive officer, Matt Zema, saying it has a broad geographic footprint and critical gas and electricity responsibilities. ″AEMO will play a crucial role in the direction and management of Australia’s energy future ~ and the complexities arising from the nation’s growing demand for energy,” he said. ″AEMO will deliver an array of gas and electricity services across jurisdictions and communities for the first time in Australia’s history.″ AEMO brings together six founding entities – NEMMCO, VENCorp, ESIPC, REMCO, GMC and GRMO ~ incorporating all functions previously carried out by these organisations as well as multiple new functions. These include infrastructure planning for both electricity and gas, and the establishment of a short term trading market for gas in NSW and South Australia.
WHAT'S NEWS: ITRON Inc. has signed a memorandum of understanding (MOU) with Ambient Corporation for integration of Itron smart grid and advanced metering infrastructure (AMI) solutions, and components, with Ambient Smart Grid communications platform. The partnership enables a comprehensive and complete suite of smart grid functionality that Itron and Ambient will jointly market to utility customers. Under terms of the agreement the companies will closely integrate Itron’s metering application for the smart grid, OpenWay, with Ambient Smart Grid communications technology to connect legacy equipment as well as advanced smart energy applications to the nation’s power grid.
Stock Prices
Thursday's Australian Electricity price
NSW
47.0466
1.7588
VIC
49.0082
0.3336
QLD
45.0752
0.4415
SA
56.2455
0.1588
Wednesday's New Zealand average
power price. (c/kWh)
NZ
8.1236
0.0669
The Australian S&P/ASX 200 Utilities' slide was arrested on Thursday albeit with only a 4 point fall ending trading on the day at 3897.
If an electricity salesman knocks on Melanie Cooper’s door here these days, he might hear the sound of a door slamming - or get a heated commentary. What it boils down to for Cooper is energy retailers visit homes, promise huge savings if hydro costs go up, use that possibility as a scare tactic, and sign as many customers as they can ... Wellington Advertiser
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ON the eve of endeavouring to introduce an emissions trading scheme, the Australian government is looking at the damage that could accrue to the power generators.
ITRON Inc. has signed a memorandum of understanding (MOU) with Ambient Corporation for integration of Itron smart grid and advanced metering infrastructure (AMI) solutions, and components, with Ambient Smart Grid communications platform. The partnership enables a comprehensive and complete suite of smart grid functionality that Itron and Ambient will jointly market to utility customers. Under terms of the agreement the companies will closely integrate Itron’s metering application for the smart grid, OpenWay, with Ambient Smart Grid communications technology to connect legacy equipment as well as advanced smart energy applications to the nation’s power grid. 
