Cormann says power price drops on the way

Original article by Phillip Coorey
The Australian Financial Review – Page: 6 : 12-Jun-19

Finance Minister Mathias Cormann has reiterated the federal government’s commitment to reducing electricity prices by 25-30 per cent by the end of 2021. He notes that the Coalition has a range of policy initiatives aimed at achieving this goal, including its so-called "big stick" legislation and its proposal to underwrite baseload generation projects. Action to reduce power prices is among the key demands of Senate crossbenchers in return for backing the Coalition’s income tax cuts package.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, ONE NATION PARTY, CENTRE ALLIANCE, AUSTRALIAN CONSERVATIVES, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN LABOR PARTY

Sanjeev Gupta urges Canberra to underwrite energy plan

Original article by Perry Williams
The Australian – Page: Online : 4-Jun-19

British billionaire Sanjeev Gupta says it is important to have new and competitive sources of power generation before ‘legacy generation’ is phased out. Gupta wants the re-elected Coalition government to expand the scope of its underwriting generation scheme, which Australian Competition & Consumer Commission chairman Rod Sims first proposed in 2018 as a way of encouraging new sources of power generation. Gupta, who rescued the Whyalla steelworks from administration in 2017, wants to build electric cars in Australia.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, LIBERTY HOUSE GROUP, SIMEC

Gas producers face export curbs

Original article by Perry Williams, Greg Brown
The Australian – Page: 17 & 26 : 31-May-19

Manufacturing Australia CEO Ben Eade says the federal government must impose LNG export controls due to the high cost of gas in the domestic market. Resources Minister Matt Canavan has signalled that the government may be open to triggering the Australian Domestic Gas Security Mechanism if domestic gas prices remain well above those in Asia. Manufacturers in the eastern states are currently paying more than $10 a gigajoule for gas, and Australian Competition & Consumer chairman Rod Sims has warned that many will be forced to close if gas prices do not fall.

CORPORATES
MANUFACTURING AUSTRALIA LIMITED, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, INCITEC PIVOT LIMITED – ASX IPL, QENOS PTY LTD, EXXONMOBIL CORPORATION, AUSTRALIAN PAPER LIMITED, DOW CHEMICAL AUSTRALIA LIMITED, CLAYPAVE PTY LTD, REMAPAK PTY LTD

Big stick returns in power fight

Original article by Simon Benson
The Australian – Page: 1 & 4 : 29-May-19

Energy Minister Angus Taylor says legislation aimed at forcing power companies to reduce electricity prices will be a priority for the federal government when parliament resumes. The so-called ‘big stick’ bill was put on hold in March after being rejected by parliament, and the CEOs of major energy companies still have concerns about the proposed legislation. Taylor also says the federal government will encourage its state counterparts to take action to increase electricity and gas supply.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, NATIONAL PARTY OF AUSTRALIA, CENTRE ALLIANCE, AUSTRALIAN CONSERVATIVES, ONE NATION PARTY

Energy experts urge Coalition to do more on climate policy

Original article by Mark Ludlow
The Australian Financial Review – Page: 6 : 28-May-19

RepuTex director Hugh Grossman says the Coalition’s Emissions Reduction Fund will not help Australia to achieve its 2030 carbon emissions reduction targets by itself. The fund, which has been renamed the Climate Solutions Fund, pays polluters for securing carbon abatement. However, it has been criticised for not penalising the biggest polluters and compelling them to change their behaviour. The Grattan Institute’s Tony Wood says the energy sector can be expected to adopt a more conciliatory approach to the Coalition, given that it was widely expected to lose the federal election.

CORPORATES
GRATTAN INSTITUTE, ORIGIN ENERGY LIMITED – ASX ORG, ENERGY USERS ASSOCIATION OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, REPUTEX AUSTRALIA PACIFIC PTY LTD

Industry seeks action on energy

Original article by Angela Macdonald-Smith, Peter Ker
The Australian Financial Review – Page: 9 : 24-May-19

Coca-Cola Amatil CEO Alison Watkins has urged the Coalition government to target energy reform during its current term of office, while Alumina CEO Mike Ferraro says electricity prices need to fall if the Portland aluminium smelter is to remain viable. Australian Industry Group CEO Innes Willox says there needs to be more reward for energy users who reduce their consumption at times when the electricity grid is under stress, while Energy Users Association of Australia head Andrew Richards says the government needs to make the ongoing transition to cleaner energy more efficient.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, ALUMINA LIMITED – ASX AWC, THE AUSTRALIAN INDUSTRY GROUP, ENERGY USERS ASSOCIATION OF AUSTRALIA, INCITEC PIVOT LIMITED – ASX IPL, BRICKWORKS LIMITED – ASX BKW, CSR LIMITED – ASX CSR, BLUESCOPE STEEL LIMITED – ASX BSL

PM, Nats work on coal peace plan

Original article by Phillip Coorey, Aaron Patrick
The Australian Financial Review – Page: 1 & 7 : 25-Mar-19

The National Party performed poorly in the New South Wales election on 23 March. This appears likely to re-ignite tensions within the Coalition at the federal level over issues such as coal-fired power stations, with former Nationals leader Barnaby Joyce calling for the federal government to support coal-fired power stations. Prime Minister Scott Morrison and Nationals leader Michael McCormack are understood to be working on a "peace deal" over the issue.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

PM declares peace despite ongoing coal push

Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 14-Mar-19

National Party MP Barnaby Joyce is still advocating the use of taxpayers’ funds to build new coal-fired power stations in Queensland. However, Joyce has put his leadership ambitions on hold, declaring that Scott Morrison and Michael McCormack will lead the Coalition into the federal election. Joyce has also backed down on his claim that he is the legitimately elected deputy prime minister, describing it as a "misstep". Meanwhile, Morrison has stressed the need for Australia to have reliable and sustainable power that is "technology and resource agnostic".

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Coal war: Joyce sparks showdown with Libs

Original article by Joe Kelly, Greg Brown
The Australian – Page: 1 & 4 : 12-Mar-19

National Party leader Michael McCormack has downplayed concerns about a potential leadership challenge amid growing tensions within the Coalition regarding energy policy. Former Nationals leader Barnaby Joyce has raised the prospect of ending the alliance with the Liberal Party after Prime Minister Scott Morrison ruled out federal government funding for new coal-fired power stations in Queensland. McCormack has rejected suggestions of a "coal war" within the Coalition.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

Morrison snuffs out Nationals’ power push

Original article by Andrew Tillett
The Australian Financial Review – Page: 4 : 8-Mar-19

The federal government has rejected a bid by six National Party MPs to revive its "big stick" legislation prior to the upcoming election. The bill to force energy companies to divest assets if they fail to reduce electricity price was recently put on hold. The Nationals MPs also want the government to commit to underwriting a new power generation project in regional Queensland before the election. Prime Minister Scott Morrison says the April 2019 Budget and flood relief measures for Queensland are his legislative priorities.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS