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.
In its Review of NSW Climate Change Mitigation Measures released yesterday, IPART recommends that the NSW Government continue with the Energy Savings Scheme, despite recommending that the planned NSW Energy Efficiency Target should be scrapped.
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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