ENERGY POLICY – AUSTRALIA

Turnbull’s NEG may be dire for energy market

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Original article by Mark Ludlow, Angela Macdonald-Smith
The Australian Financial Review – Page: 12 : 9-Mar-18

The CEOs of 10 small electricity retailers have warned that the Federal Government’s proposed National Energy Guarantee could result in higher electricity prices. They have cautioned the Energy Security Board against making significant changes to the energy system, noting that an additional 3,800 megawatts of low-emissions electricity will become available in the next several years and a further 40,000 megawatts has been proposed. ERM Power’s founder Trevor St Baker also warns that the NEG could increase the market power of the three largest electricity retailers, which also generate electricity.

CORPORATES
AUSTRALIA. ENERGY SECURITY BOARD, ERM POWER LIMITED – ASX EPW, 1ST ENERGY, COVAU, LOCALITY PLANNING ENERGY HOLDINGS LIMITED – ASX LPE, ENERGY LOCALS, CLICK ENERGY, WINCONNECT, NEXT BUSINESS ENERGY, GLOBIRD, BLUENERGY GROUP LIMITED, COUNCIL OF AUSTRALIAN GOVERNMENTS, CLIMATE COUNCIL OF AUSTRALIA LIMITED, GRATTAN INSTITUTE

Energy mess deters US investors

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 28-Feb-18

DowDuPont’s executive chairman Andrew Liveris has warned that uncertainty over Australia’s energy policy is adversely affecting foreign investment intentions. He recently participated in a round-table discussion in the US with Prime Minister Malcolm Turnbull, state and territory leaders and the CEOs of major US companies. Liveris told the meeting that while Dow is keen to further invest in Australia, this is dependent on a competitive and reliable energy market. He also urged bipartisan support for the Federal Government’s National Energy Guarantee.

CORPORATES
DOWDUPONT INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN LABOR PARTY, COUNCIL OF AUSTRALIAN GOVERNMENTS

Energy mess deters US investors

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 28-Feb-18

DowDuPont’s executive chairman Andrew Liveris has warned that uncertainty over Australia’s energy policy is adversely affecting foreign investment intentions. He recently participated in a round-table discussion in the US with Prime Minister Malcolm Turnbull, state and territory leaders and the CEOs of major US companies. Liveris told the meeting that while Dow is keen to further invest in Australia, this is dependent on a competitive and reliable energy market. He also urged bipartisan support for the Federal Government’s National Energy Guarantee.

CORPORATES
DOWDUPONT INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN LABOR PARTY, COUNCIL OF AUSTRALIAN GOVERNMENTS

Snowy 2.0 ideal option, says CEO

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 3 : 2-Feb-18

Modelling conducted by Marsden Jacob Associates indicates that the Snowy 2.0 project will generate a return of eight per cent, according to Snowy Hydro CEO Paul Broad. The 2,000 megawatt pumped hydro project has been slated as costing up to $A4.5 billion. Broad also says MJA found that Snowy 2.0 was the "least cost" option in terms of providing secure and reliable electricity in the future, and that the federal government’s National Energy Guarantee only serves to strengthen the argument for the expansion of the Snowy hydro-electric scheme.

CORPORATES
SNOWY HYDRO LIMITED, MARSDEN JACOB ASSOCIATES PTY LTD, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ENERGYAUSTRALIA PTY LTD, AUSTRALIA. ENERGY SECURITY BOARD

Japan accord to boost brown coal, LNG exports

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 6 : 22-Jan-18

Australia and Japan have agreed to work together to develop coal and LNG markets in the region, following talks between their respective prime ministers in the week ending 19 January. Japanese technology could be used for high-efficiency, low-emissions coal power plants in south-east Asia, with coal to be potentially supplied from Australian mines. A consortium led by Kawasaki Heavy Industries will also look at whether brown coal from Latrobe Valley in Victoria can be converted into liquid hydrogen and exported for use in Japan.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, JAPAN. OFFICE OF THE PRIME MINISTER, GRATTAN INSTITUTE, KAWASAKI HEAVY INDUSTRIES COMPANY LIMITED, MINERALS COUNCIL OF AUSTRALIA

I’ve revived economy: Turnbull

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Original article by Phillip Coorey, Laura Tingle
The Australian Financial Review – Page: 1 & 4 : 12-Dec-17

Prime Minister Malcolm Turnbull say he hopes to have all of the states and territories signed up to the national energy guarantee by the middle of 2018. Turnbull also says that 2018 will see his government focus on the economy, including trying to get parliament to approve the rest of its corporate tax reduction program, as well as looking at the possibility of income tax cuts. He expects that there will be more to come concerning the scandal involving Labor’s Sam Dastyari.

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

NEG will kill large-scale wind and solar boom

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Original article by Ben Potter
The Australian Financial Review – Page: 12 : 24-Nov-17

The federal government’s proposed national energy guarantee will deter investments in large renewable energy projects if the emission reductions target that the government prefers is not changed. This is according to modelling by Bloomberg New Energy Finance, and comes as Energy Minister Josh Frydenberg and his state counterparts meet to discuss the NEG on 24 November. South Australia has indicated it will reject the NEG as it is currently proposed, while Queensland Energy Minister Mark Bailey says he will not agree to an NEG that does not meet the needs of his state.

CORPORATES
BLOOMBERG NEW ENERGY FINANCE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, QUEENSLAND. DEPT OF ENERGY AND WATER SUPPLY, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, COUNCIL OF AUSTRALIAN GOVERNMENTS. ENERGY REFORM IMPLEMENTATION GROUP

Big business winners in energy plan

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 8 : 22-Nov-17

Modelling conducted by Frontier Economics suggests the federal government’s National Energy Guarantee will deliver large savings for industry and other big users of energy, but only modest savings for households. Modelling of the NEG had been requested by Labor and the state governments, and the release of the report prompted Prime Minister Malcolm Turnbull to urge them to back the NEG. He was supported in his call by a collective of groups and associations, including the Australian Aluminium Council, the ACTU, and the Australian Industry Group.

CORPORATES
FRONTIER ECONOMICS PTY LTD, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN ALUMINIUM COUNCIL LIMITED, ACTU, THE AUSTRALIAN INDUSTRY GROUP, NATIONAL FARMERS’ FEDERATION LIMITED, WORLD WILDLIFE FUND, CLEAN ENERGY COUNCIL LIMITED, AUSTRALIAN ENERGY COUNCIL

ALP’s $200 power bill shock

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Original article by Simon Benson
The Australian – Page: 1 & 4 : 24-Oct-17

Labor has stated that it will seek to have 50 per cent of electricity produced from renewable sources by 2030. It will also seek to reduce carbon emissions by 45 per cent. However, modelling by the Climate Change Authority has concluded that achieving its 50 per cent target would increase the average household’s power bill by $A200 a year, as well as requiring 17,000 megawatts of coal-fired power generation to be taken out of the National Electricity Market. Energy Minister Josh Frydenberg has claimed Labor is trying to conceal the cost of its energy policy.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. CLIMATE CHANGE AUTHORITY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA

Labor open to a deal on energy

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 19-Oct-17

The Australian Government’s proposed National Energy Guarantee will require the support of the federal Opposition and the Labor-led state governments. Shadow treasurer Chris Bowen says federal Labor is willing to consider the energy plan when the Government provides more detail regarding the policy. Some business leaders have expressed support for the National Energy Guarantee, while Origin Energy has indicated that its Eraring coal-fired power station could potentially keep operating if the policy is implemented.

CORPORATES
AUSTRALIAN LABOR PARTY, ORIGIN ENERGY LIMITED – ASX ORG, BHP BILLITON LIMITED – ASX BHP, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN ENERGY COUNCIL, AUSTRALIAN ENERGY REGULATOR, AUSTRALIAN ENERGY MARKET COMMISSION, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED