Emissions Trading Scheme
The Commonwealth Government’s planned introduction of an emissions trading scheme (ETS) by 2011 is likely to have a significant impact on industry pricing structures, resulting in valuation changes to BBP’s portfolio of generation assets. Price adjustment will be principally effected by requiring generators thatproduce carbon emissions to acquire emission permits. In respect of BBP this will mean higher costs for electricity generation for some of its assets. BBP generates electricity through both coal and gas firedplants. Higher wholesale prices for electricity may benefit BBP’s gas fired generators. Coal fired generators will receive a higher cost impost under the proposed ETS. It is envisaged that the ETS will provide certain transitional assistance for businesses through an initial allocation of free carbon permits, which BBP expects to receive for its coal fired generators.
Noticed the electricity bill was higher than normal, and was discussing it with a friend. He had called the electricity company earlier and they said that charges had gone up by 22%Anyone else get slugged?
Is this in anticipation of ets, or will they knock it up even more?
You sure its not the increased heating costs over the winter?? Our electricity bills are always higher over winter...
I live in NSW and I have just received my latest electricity bill,
Comparing to last year at this time, I have used 3% less power than last year but my bill has gone from $450 for the quarter up to $800 for the quarter.
The good thing is @greggles , now that Origin is owned by a "green" company and renewables are much cheaper, those prices will drop markedly in the near future.Just got my email from Origin. Rate increases for south-east Queensland area are below. It's interesting that they quote the difference in cents instead of a percentage. I suppose the reason for this is because quoting a percentage increase would create more consumer anger.
Controlled Load 1 = 16.90% increase
General Usage = 24.12% increase
Daily Supply - Controlled = 22.38% increase
Daily Supply = 13.22% increase
No change in feed in tariff. So now they are buying power from consumers for as low as 2c-5c per kwh and then selling it back to them at night for 32c. Nice business model. I'm getting 12c per kwh but only for the first 14 kwh per day. If the government needs to step in here it's the exploitative monopolistic FIT prices being offered to consumers that should be the reason.
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So now they are buying power from consumers for as low as 2c-5c per kwh and then selling it back to them at night for 32c.
Crickey I'd be choking on the $450 bill let alone the $800 one.I live in NSW and I have just received my latest electricity bill,
Comparing to last year at this time, I have used 3% less power than last year but my bill has gone from $450 for the quarter up to $800 for the quarter.
An increase of about 80% mainly due to Government policy and reduction of power generation.
Inflation caused by the Govt which then blames the RBA, how the hell can "the workers" afford this as well as increased mortgage payments
Seriously bad times ahead unless they start looking forward and not backwards
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