POWER INDUSTRY – AUSTRALIA

Case for electricity tariff reform ‘clear’

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Original article by Adam Creighton
The Australian – Page: 18 : 18-Jul-14

AGL Energy’s chief economist, Paul Simshauser, argues that adopting an electric power tariff system based on the time of use could boost economic activity. He estimates that productivity could potentially increase by around $A1.6bn annually. Research by AGL suggests that nearly 66 per cent of Australian households that take up time-based tariffs are financially better off. He says an opt-out system for flexible tariffs may be the best approach

CORPORATES
AGL ENERGY LIMITED – ASX AGK

Wind farms ‘to yield job losses’

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Original article by Adam Creighton
The Australian – Page: 21-24 : 15-Jul-14

Jeff Dimery, CEO of gas and coal power generation plants operator Alinta Energy, has urged the Australian Government to lower the renewable energy target (RET). He argued that the wind farms being built across the nation with funding linked to the RET were outdated technology, and that a more useful area of investment would be batteries that mean households with solar roof panels can store the electricity they create. Dimery also forecast widespread redundancies at coal mines in Victoria and New South Wales under the RET. It is being reviewed for the Federal Government by business leader Dick Warburton

CORPORATES
ALINTA ENERGY (AUSTRALIA) PTY LTD

Carbon tax price reductions, maybe

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 15-Jul-14

The Australian Government has reintroduced the bill to repeal the carbon tax in Parliament, after agreeing to make amendments demanded by the Palmer United Party. The Government hopes that the legislation will be passed through the Senate on 15 July 2014. Explanatory notes attached to the legislation show that it will be difficult to calculate the costs imposed by the carbon tax and passed on to consumers. Under the amended legislation, gas and electricity supplies must specify within 30 days how the cost savings will flow to customers

CORPORATES
PALMER UNITED PARTY, AUSTRALIA. DEPT OF THE ENVIRONMENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

AGL ready to cut carbon impost from customer bills

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Original article by Damon Kitney
The Australian – Page: 20 : 24-Jun-14

The Australian Government is confident that the Parliament will pass legislation repealing the carbon tax. Innes Willox, CEO of the Australian Industry Group, said on 23 June 2014 that the tax is an "unnecessary burden" on businesses. AGL Energy announced on the same day that it was ready to remove the carbon tax from the bills of residential and small business customers from 1 July, if the carbon repeal legislation is passed by Parliament

CORPORATES
AGL ENERGY LIMITED – ASX AGK, THE AUSTRALIAN INDUSTRY GROUP, ENERGY SUPPLY ASSOCIATION OF AUSTRALIA LIMITED, ENERGY RETAILERS ASSOCIATION OF AUSTRALIA INCORPORATED, NATIONAL GENERATORS’ FORUM, PALMER UNITED PARTY, AUSTRALIAN LABOR PARTY, KPMG AUSTRALIA PTY LTD