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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.
(Full Article)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.
(Full Article)The outlook for the Murray system remains very serious, said the September 2008, Murray System Drought Update, released 2 September 2008.
(Full Article)Dry periods which resulted in abnormally low flows along the Murray include 1897-04, 1914-15, 1938-46, 1967-68, 1982-83 and 2002-08.
(Full Article)NEM Week 507: midnight Sunday 24th August to Saturday 30th August 2008.
(Full Article)The Business Council of Australia (BCA) questioned the ability of the market to meet the demand for new investment in wind and gas generation implied in the Australian Government Green Paper.
(Full Article)The big question remains what will happen to existing obligations in the GGAS market now that DSA producers will no longer be contributing to supply from 1 January 2009? In theory, if the current GGAS obligations are maintained and DSA production is removed, the supply/demand status quo will be altered considerably. In 2007 almost 10 million NGACs were created via the DSA rule. NEET will remove this contribution, but the NGAC surplus still remains in the 10s of millions'.
(Full Article)Four out of fourteen - and perhaps 8 - of fourteen, carbon-exposed businesses studied,would close after the start of the emissions trading scheme in 2010, Greig Gailey, President Business Council of Australia told the Sydney Institute 27 August, 2008.
(Full Article)In weird economics - which felt normal to Business Council of Australia (BCA) - the lobby-group wanted polluting industries subsidised so they could pay the carbon costs; and all retail electricity price caps removed so the same pollutors could then pass carbon costs to the consumer.
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