Archive for May, 2009
Yesterday, the NSW Independent Pricing and Regulatory Tribunal (IPART) released its final determination on regulated retail electricity prices with its report ‘Market-based electricity purchase cost allowance – 2009 review’. The new pricing covers the 2009/10 financial year.
IPART say that the new pricing ‘…represents an increase of around 21.7 per cent, 21.1 per cent and 17.9 per cent for regulated residential customers of EnergyAustralia, Integral Energy and Country Energy, respectively.’
The NSW Government has reaffirmed its committment to the sale of the state-owned retailers, development sites and power trading rights with its International Market Testing Update released on 12th May.
The update states that ’…there is more than sufficient interest at this stage to proceed to the next stage of the transaction.’
One of the next steps is that ‘…the Government will call for formal Expressions of Interest in July/August this year.’
The Federal Government has posted the details of the changes to the planned Carbon Pollution Reduction Scheme (CPRS) that were announced yesterday.
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On 30th April, The Council of Australian Governments (COAG), announced an agreement ‘on the design of a Renewable Energy Target Scheme to achieve a 20 per cent share of renewables, or some 45,000 gigawatt hours, in Australia’s electricity mix by 2020.’
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