Band-Aid plans to push up power bills

Original article by Mark Ludlow, Angela Macdonald-Smith, Natasha Gillezeau
The Australian Financial Review – Page: 7 : 23-Aug-19

Claims that Australia could suffer from power blackouts during the 2019-20 summer reflect the need for a co-ordinated national energy policy, according to Energy Users Association of Australia CEO Andrew Richards. He says asking big power users to again take part in voluntary load shedding to help prevent blackouts represents a "Band-Aid on top of another Band-Aid". His comments regarding the need for a co-ordinated energy plan have been echoed by ERM Power CEO executive Jon Stretch.

CORPORATES
ENERGY USERS ASSOCIATION OF AUSTRALIA, ERM POWER LIMITED – ASX EPW, AGL ENERGY LIMITED – ASX AGL

Energy policy, IR changes urgent

Original article by Richard Ferguson
The Australian – Page: 7 : 26-Jul-19

Australian Industry Group CEO Innes Willox has backed comments by top bureaucrat Martin Parkinson on the nation’s declining productivity rate. Willox says that uncertainty regarding energy and carbon emissions policy has contributed to Australia’s underperformance in terms of productivity growth, and he has urged action on these issues. Australian Chamber of Commerce & Industry CEO James Pearson has in turn stressed the need for industrial relations reforms in order to lift productivity. Parkinson will shortly retire as the head of the Department of the Prime Minister & Cabinet.

CORPORATES
THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, ACTU

‘It’s time to push nuclear option’

Original article by David Penberthy
The Australian – Page: 1 & 2 : 25-Jul-19

University of Adelaide chancellor Kevin Scarce says Australia must consider adding nuclear power to its energy mix. He says nuclear energy could potentially provide more reliable and affordable baseload power than renewable energy sources, and without any carbon emissions. Scarce adds that the nation needs a "mature and bipartisan" national discussion on the issue of nuclear power, but concedes that this will not occur in the current political climate. Scarce headed South Australia’s royal commission on the nuclear fuel cycle, and describes the state government’s failure to act on his report as a "missed opportunity".

CORPORATES
UNIVERSITY OF ADELAIDE

Energy fix for blackouts, big bills

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 18 : 18-Jul-19

The Australian Energy Market Commission will allow large industrial users of electricity to participate in the demand-response market directly rather than via an electricity retailer. The AEMC’s draft ruling has been welcomed by Federal Energy Minister Angus Taylor, while Australian Competition & Consumer Commission chairman Rod Sims says it will result in lower electricity prices for consumers. The AEMC will accept submissions on the draft ruling until 12 September, with a final ruling to be issued by mid-November.

CORPORATES
AUSTRALIAN ENERGY MARKET COMMISSION, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, TOTAL ENVIRONMENT CENTRE INCORPORATED, THE AUSTRALIA INSTITUTE LIMITED, THE AUSTRALIAN INDUSTRY GROUP, NATIONAL IRRIGATORS COUNCIL LIMITED, BLUESCOPE STEEL LIMITED – ASX BSL, CSR LIMITED – ASX CSR

Lower wholesale power prices a pipe dream

Original article by Mark Ludlow
The Australian Financial Review – Page: 6 : 9-Jul-19

Energy Users Association of Australia CEO Andrew Richards has questioned whether the federal government can deliver on its promise to reduce wholesale electricity prices to $70 per megawatt-hour by 2021. The wholesale price of electricity is currently around $95 per megawatt hour, and Richards says it is unlikely to fall much below $80. He adds that the federal government’s intervention in the energy market has also "spooked" some investors.

CORPORATES
ENERGY USERS ASSOCIATION OF AUSTRALIA, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ENERGYAUSTRALIA PTY LTD, GRATTAN INSTITUTE, AUSTRALIAN ENERGY COUNCIL

Super funds seek energy policy action

Original article by Perry Williams
The Australian – Page: 17 & 28 : 25-Jun-19

Industry Super Australia says the nation’s energy policy needs to be overhauled quickly to prevent heavy industries going offshore. ISA contends that the amount of investment needed in electricity should be attracting the interest of portfolio investors, but a lack of certainty on energy policy means this is not occurring. ISA says there should be a focus on the creation of competition for long-term supply of energy and capacity at specified emissions targets, as well as the formation of special investment vehicles to encourage investment in the energy sector.

CORPORATES
INDUSTRY SUPER AUSTRALIA PTY LTD

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