ELECTRICITY – PRICES – NEW SOUTH WALES

Newcrest looks to solar power for Cadia mine

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Original article by Tess Ingram
The Australian Financial Review – Page: 15 : 9-Oct-17

Soaring power prices have prompted Newcrest Mining to consider installing a solar farm at its Cadia mine in New South Wales. CEO Sandeep Biswas says it has been to both California and Israel to see what technology is available at the moment. He says that given Cadia is expected to be operational for some years, installing a solar farm is a viable option. He notes that there are currently solar farms capable of generating 600 megawatts, whereas Cadia would only require one that produces 150 megawatts.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MINING LIMITED – ASX EVN

Newcrest hit by power prices, Cadia damage

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Original article by Peter Ker, Tess Ingram
The Australian Financial Review – Page: 19 : 28-Apr-17

Newcrest Mining has warned that full-year gold production for 2016-17 is likely to be at the lower end of its guidance. Newcrest has also indicated that its Cadia gold mine in New South Wales is unlikely to return to full capacity for some time following an earthquake. Meanwhile, the company has advised of an increase of about 90 per cent in the base price it will pay for electricity at Cadia under a new supply agreement for 2017-18. Newcrest says it will seek a better supply deal.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, RBC CAPITAL MARKETS

NSW the next power retailing battleground

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 : 10-Mar-15

Prices in the New South Wales electricity market are likely to be fully deregulated if the State Government wins the March 2015 election. A number of smaller electricity retailers are likely to increase their push into the New South Wales market as a result. These include Red Energy, Momentum Energy, Meridian Energy and Lumo Energy. Full deregulation is likely to prompt more consumers to switch electricity providers

CORPORATES
RED ENERGY PTY LTD, SNOWY HYDRO LIMITED, MOMENTUM ENERGY PTY LTD, MERIDIAN ENERGY LIMITED – ASX MEZ, LUMO ENERGY AUSTRALIA PTY LTD, SIMPLY ENERGY, HYDRO TASMANIA, GDF SUEZ SA, ALINTA ENERGY (AUSTRALIA) PTY LTD, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, ORIGIN ENERGY LIMITED – ASX ORG, AGL ENERGY LIMITED – ASX AGL, ENERGYAUSTRALIA PTY LTD, ENERGY RETAILERS ASSOCIATION OF AUSTRALIA INCORPORATED, AUSTRALIAN LABOR PARTY, POWERSHOP AUSTRALIA PTY LTD

Power prices to fall for three years

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Original article by Brian Robins
The Sydney Morning Herald – Page: 7 : 12-Dec-14

The Australian Energy Market Commission expects electricity prices to fall in New South Wales (NSW) and rise in Queensland and Western Australia over the next few years. In NSW, prices are likely to drop by 5.8 per cent a year to mid-2017. This trend is the result of lower wholesale prices and regulatory reform

CORPORATES
AUSTRALIAN ENERGY MARKET COMMISSION