POWER INDUSTRY – QUEENSLAND

LNP leader prepares state for a greener future without coal

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Original article by Jared Owens
The Australian – Page: 6 : 14-Jun-18

Queensland’s Opposition Leader Deb Frecklington says the state must embrace clean and reliable energy sources. She will commit to a policy of requiring state-owned electricity companies to invest in renewable energy generation if the Liberal-National Party wins the next election. The LNP previously supported coal-fired power generation under Frecklington’s predecessor Tim Nicholls, who stepped down after losing the 2017 election.

CORPORATES
LIBERAL-NATIONAL PARTY OF QUEENSLAND, AUSTRALIAN LABOR PARTY, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, ONE NATION PARTY, STANWELL CORPORATION LIMITED

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

Qld urged to ditch 50pc energy target

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Original article by Mark Ludlow
The Australian Financial Review – Page: 6 : 11-Jan-17

The Queensland Resources Council says the State Government should reconsider its policy of lifting renewable sources’ share of power generation from just seven per cent to 50 per cent by 2030. It argues that the focus should be on setting an appropriate target for renewables which ensures that there is no rise in electricity prices for retail customers. The QRC has also raised doubts about the number of jobs that the renewable energy industry is likely to generate.

CORPORATES
QUEENSLAND RESOURCES COUNCIL LIMITED, AUSTRALIAN ENERGY COUNCIL, MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIAN LABOR PARTY

States under pressure to privatise energy networks

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Original article by David Crowe
The Australian – Page: 6 : 19-Sep-14

The Australian Government is pushing ahead with its agenda to encourage the states to invest in infrastructure with the proceeds of asset sales. It will provide the Queensland Government with a $A1bn incentive if the state proceeds with the sale of electric power assets. However, Federal Treasury Joe Hockey says the incentive will not be available indefinitely and other states may receive the payment if Queensland does not act promptly

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, QUEENSLAND. TREASURY, ERGON ENERGY CORPORATION LIMITED, ENERGEX LIMITED, POWERLINK PTY LTD, GROUP OF TWENTY (G-20), INTERNATIONAL MONETARY FUND