Queensland Network Prices 2015-16

power-pole

In April 2015, the Australian Energy Regulator published preliminary revenue determinations for Energex and Ergon for the period 2015/16 to 2019/2020. These preliminary determinations will set network prices for 2015-16. After further consultation and submissions, the AER must make a final determination on these charges no later than 31 October 2015. If the final decisions differ […]

ACCC Investigates Gas Prices

gas-well

The Australian Government has directed the ACCC to commence a 12 month public inquiry into the competitiveness of wholesale gas prices in Eastern and Southern Australia. “The ACCC will be considering competition levels on the East Coast upstream gas market – the producer, processor, pipeline, and wholesale levels of the market.” ACCC Chairman Rod Sims […]

Energy Retailers Fined

elec-bill

Two of Australia’s largest energy retailers, Energy Australia and Origin Energy, have been hit with fines for using misleading sales tactics to sign customers to new contracts. Energy Australia was fined $1.5 million for breaches relating to failing to obtain proper consent. Of the fines ordered by the Federal Court, $1 million related to telemarketing […]

Power Factor Correction – Energex territory

PFC-beer

On 1 July 2015, Energex is changing how network tariffs for some large customers are calculated. As a result, customers in South-East Queensland using between 100 and 4,000 MWh per year may see large cost increases if they have a poor power factor. Power factor is the relationship between real power flowing to your load […]

Victorian Network Tariffs increase by up to 27%

Vic Network Tariffs 2015

The Australian Energy Regulator (AER) has approved electricity network tariffs for all Victorian electricity distributors for the 2015 calendar year.  As a result, network charges for most commercial and industrial customers in Victoria will rise significantly from 1 January 2015. Note, the range and structure of network tariffs in Victoria varies considerably across the five […]

Queensland regional customers spared further price rises (so far)

Townsville

The Queensland Competition Authority (QCA) has issued its draft determination on regulated retail electricity prices that will apply in regional Queensland for the 2015-16 financial year. The news is good for commercial and industrial customers that have not yet transitioned to a market-based unbundled contract. Based on the draft tariffs published, large low voltage connected […]

Carbon Tax Repealed

power-station-stacks

Legislation to repeal the carbon tax passed through the Senate on 17 July 2014, with an effective date of 1 July 2014. The legislation includes the amendments negotiated by the Palmer United Party relating to price exploitation. Price exploitation will occur if a retailer (or other relevant entity) fails to pass through all of its […]

EUAA Study on the Impact of High Gas Prices

lng-plant-gladstone

The Energy Users Association of Australia (EUAA) has released a Scoping Study on the Economic Impact of High Gas Prices. The Study explores the potential impact of high gas prices on Australian industry and the wider Australian economy. The full text of the study can be found here: Source: http://www.euaa.com.au/wp-content/uploads/2014/03/MJA-Scoping-Study-into-High-Gas-Prices-24Feb14.pdf

Review of the Renewable Energy Target

wind-farm

The Federal Government has released the Terms of Reference for a review into the Renewable Energy Target (RET) scheme. Renewable Energy Target Review – Terms of Reference Background The Renewable Energy Target (RET) scheme, comprised of the large-scale and small-scale schemes, is aimed at increasing renewable energy generation and reducing greenhouse gas emissions from the […]

Increased electricity demand in Victoria & South Australia

increased-electricity-supply

Extreme temperatures in the southern states of Victoria and South Australia are increasing electricity consumption levels to potential record highs and placing additional strain on the national power system. A combination of intense weather, high electricity consumption and some unplanned outages on the generation network has triggered the potential for load shedding to occur in […]