Joe Maisano is Director, Energy Markets at TTA and was a co-founder thirteen years ago. While Joe's primary role is business development, he is 'hands-on' with intimate involvement in many consulting, analysis and software development activities. Joe has over sixteen years of experience in modelling financial derivatives and price curves, consulting reports on risk management, financial software development and data provision. Joe has been working in electricity markets since 2001 including the areas of risk management, trading support, retail pricing, derivative pricing and price / load forecasting.
On 2 May 2010, AEMO announced that the Gas Short Term Trading Market (STTM). This represents a three-month delay from the previous go-live date of 4 June 2010. The market trial will now continue until 31 August 2010.
The NSW Treasurer has clarified the roll-off dates for the Electricity Tariff Equalisation Fund (ETEF) in an amendment to the payment rules. The start and end dates of the phase-out have not been revised again since the last announcement. There will be reductions in the coverage of the regulated load by 20% each on 4 Jul 2010, 3 Oct 2010, 2 Jan 2011 and 3 Apr 2011. On 1 Jul 2011 ETEF will be completely phased out.
The NEM Market Price Cap (formerly known as Value of Lost Load, or VoLL) is to increase from the current $10,000/MWh to $12,500/MWh with effect from 1 July 2010. The new rule ammendment was passed in May 2009.
The NSW Government’s Electricity Tariff Equalisation Fund (ETEF) will now continue until 30th June 2011. Originally it was to be abolished after June 2010, however the latest privatisation plan from the Government extends the date another year.
As part of its latest electricity privatisation plan, the NSW Government has again extended the Electricity Tariff Equalisation Scheme (ETEF).
The latest plan has ETEF being phased out between 1 July 2010 and 30 June 2011, with a quarterly 20% roll-off. The exact dates of the roll-offs have not been specified.
Most recently, ETEF was set to run until June 2010, although the end of the scheme was left open-ended.
The NSW Government has re-announced its electricity sale plans with some updates. While the ‘International Market Testing Update’ planned for expressions of interest in July / August, the new plan now sets the date from late September until mid-November 2009.
Energy Minister Ian MacDonald has announced interim exemptions for emissions intensive, trade exposed (EITE) industries under the Energy savings Scheme (ESS). The Interim Exemptions Order, to be revoked on 31 December 2009, lists a number of NSW-based industries that qualify for the partial exemption of either 60% or 90% of total load. Retailers can deduct 5% of this exempted load from their overall ESS obligations.
It was announced today that the NSW Treasurer (in consultation with the Minister for Energy) has cancelled the scheduled September 2009 and March 2010 Electricity Tariff Equalisation Fund (ETEF) roll-offs. ETEF will now remain fully in force until 30 June 2010. The announcement was made in a special supplement to the NSW Government Gazette for 10th July 2009
In Darwin yesterday, the Council of Australian Governments (COAG) signed the National Partnership Agreement on Energy Efficiency. The package aims to deliver ‘a nationally-consistent and cooperative approach to energy efficiency’ and includes:
In Darwin yesterday, the Council of Australian Governments (COAG) signed the revised Australian Energy Market Agreement which allows carbon cost pass-through for CPRS and RET to regulated users.
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