ELECTRICITY – PRICES – QUEENSLAND

Queensland denies power price-gouging

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Original article by Mark Ludlow
The Australian Financial Review – Page: 5 : 18-Jul-17

Queensland’s Energy Minister Mark Bailey has rejected claims that CS Energy and Stanwell Corporation are involved in "price gouging". The allegations were raised by Federal Energy Minister Josh Frydenberg, who has asked the Australian Energy Regulator to investigate the two state-owned power companies. Bailey says they follow the same rules as privately-owned generators, and that Frydenberg is just trying to divert attention away from the Federal Government’s internal ructions on energy policy.

CORPORATES
QUEENSLAND. DEPT OF ENERGY AND WATER SUPPLY, CS ENERGY LIMITED, STANWELL CORPORATION LIMITED, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN ENERGY REGULATOR, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, COUNCIL OF AUSTRALIAN GOVERNMENTS, RIO TINTO LIMITED – ASX RIO, SUN METALS CORPORATION PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN LABOR PARTY

Rio’s Boyne smelter to slash output, jobs

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Original article by Matt Chambers
The Australian – Page: 17 & 22 : 20-Jan-17

The rising spot price of electricity in Queensland has prompted the Rio Tinto-controlled Boyne aluminium smelter to reduce annual production by around 45,000 tonnes. While the bulk of its electricity is supplied by the Rio Tinto-backed Gladstone Power Station, some 15 per cent is sourced via the spot market, where the price recently spiked to more than $A12,000 per megawatt hour. Some jobs will also be lost at the Boyne smelter, which has a workforce of about 1,000.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BOYNE SMELTERS LIMITED, GLADSTONE POWER STATION, STANWELL CORPORATION LIMITED, AUSTRALIAN ENERGY REGULATOR, ALCOA INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, VICTORIA. DEPT OF PREMIER AND CABINET