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Carbon price not the worst impact: Plants insolvent as gas and black coal prices rise, as fuel prices move closer to export parity

Proof edition: The Business Council of Australia (BCA) said it expected some or all coal-fuelled electricity plans to close after 2010; and risks would also rise from fuel contracts.

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Carbon price impact of $20 tonne on sample Victorian electricity generator: value falls $1.7bn to $400 million; asset-owners plot

Proof edition: The right to pollute for free, was worth a huge value to generators which used brown coal. It allowed them to profitably compete with clean plant. The pollutors lobby-group the Business Council of Australia (BCA) aregued therefore the asset owners should get huge subsidies

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Carbon price: Australian electricity traders will need to tie 2-3 year carbon contracts to electricity hedges

Proof edition: Most Australian electricity was sold under 2-3 year forward contracts. To enter into such contracts under an Emissions Trading Scheme, generators will need to fix the price of their emission permits over the same 2-3 year period.

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