D27 Gas Supply

Householders’ bills tipped to soar as gas exports begin

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Original article by Esther Han
The Sydney Morning Herald – Page: 3 : 20-Oct-14

Tony Wood, director of the energy program at the Grattan Institute, says households along the eastern seaboard will pay as much as $A435 per annum more for gas, once feedstock is diverted to the emerging LNG exporting industry in Queensland. Wholesale prices are tipped to grow 100% to $A9 a gigajoule. Australian Council of Social Service CEO Cassandra Goldie warns that the increases will affect those users the most who have the lowest incomes. However Wood argues that job creation and other benefits mean governments should not intervene, and should instead compensate low-wage earners

CORPORATES
GRATTAN INSTITUTE, AUSTRALIAN COUNCIL OF SOCIAL SERVICE, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, BIS SHRAPNEL PTY LTD, ENERGY AND WATER OMBUDSMAN (NSW) LIMITED

Cheap gas flows in as prices slump to record lows

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Original article by Matt Chambers
The Australian – Page: 15 : 1-Sep-14

Origin Energy, Santos and others are building three major LNG processing plants for the export market, in the Gladstone region of Queensland. The projects are forecast to cause higher domestic gas prices as the supply is diverted offshore. However in late August 2014, gas prices for local users have actually declined. In Queensland they have fallen to as little as $A1 per gigajoule, compared with the usual range of $A3 to $A4. From 2015 on they are estimated to reach up to $A10

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, SANTOS LIMITED – ASX STO, AGL ENERGY LIMITED – ASX AGK, AUSTRALIAN ENERGY REGULATOR, CREDIT SUISSE (AUSTRALIA) LIMITED, QUEENSLAND CURTIS LNG PTY LTD, AUSTRALIA PACIFIC LNG LIMITED, GLADSTONE LNG PTY LTD

Carbon tax price reductions, maybe

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 15-Jul-14

The Australian Government has reintroduced the bill to repeal the carbon tax in Parliament, after agreeing to make amendments demanded by the Palmer United Party. The Government hopes that the legislation will be passed through the Senate on 15 July 2014. Explanatory notes attached to the legislation show that it will be difficult to calculate the costs imposed by the carbon tax and passed on to consumers. Under the amended legislation, gas and electricity supplies must specify within 30 days how the cost savings will flow to customers

CORPORATES
PALMER UNITED PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Gas distributor signals price reductions ahead

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Original article by Anthony Klan
The Australian – Page: 19 : 30-Jun-14

Gas distributor Jemena plans to reduce prices to 1.2 million homes in New South Wales. On 30 June 2014, Jemena will lodge its access agreement with the Australian Energy Regulator. It intends to cut distribution prices by up to 20 per cent in real terms for the five years from 1 July 2015. Jemena said that it is able to lower its prices because of lower debt costs and improved productivity. It wants access to more customers in the state

CORPORATES
JEMENA LIMITED, AUSTRALIAN ENERGY REGULATOR

AGL ready to cut carbon impost from customer bills

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Original article by Damon Kitney
The Australian – Page: 20 : 24-Jun-14

The Australian Government is confident that the Parliament will pass legislation repealing the carbon tax. Innes Willox, CEO of the Australian Industry Group, said on 23 June 2014 that the tax is an "unnecessary burden" on businesses. AGL Energy announced on the same day that it was ready to remove the carbon tax from the bills of residential and small business customers from 1 July, if the carbon repeal legislation is passed by Parliament

CORPORATES
AGL ENERGY LIMITED – ASX AGK, THE AUSTRALIAN INDUSTRY GROUP, ENERGY SUPPLY ASSOCIATION OF AUSTRALIA LIMITED, ENERGY RETAILERS ASSOCIATION OF AUSTRALIA INCORPORATED, NATIONAL GENERATORS’ FORUM, PALMER UNITED PARTY, AUSTRALIAN LABOR PARTY, KPMG AUSTRALIA PTY LTD