What's Inside

Total Page:16

File Type:pdf, Size:1020Kb

What's Inside ™ AUSTRALIA MARKET GUIDE WHAT’S INSIDE SECTION 1: General market overview SECTION 2: Viridian and Click Energy SECTION 3: How to sign up © 2016 Viridian. All rights reserved. Unauthorized copying or reproduction of this product, in whole or in part, is strictly prohibited. SEPTEMBER 2016 GENERAL MARKET OVERVIEW Brisbane Adelaide Sydney Canberra Melbourne ELECTRIC NATURAL GAS © 2016 Viridian. All rights reserved. Unauthorized copying or reproduction of this product, in whole or in part, VIRIDIAN • AUSTRALIA MARKET GUIDE 2 is strictly prohibited. Market Snapshot The National Electricity Market (NEM) is the wholesale electricity market that delivers electricity to almost 10 million homes and businesses in Australia. Established in December 1998, it’s one of the largest geographically interconnected power systems in the world, covering a distance of approximately 4,500 kilometres through New South Wales, Queensland, South Australia, Victoria, Tasmania and the Australian Capital Territory. The aim of the NEM is to make sure electricity is available when it’s needed, in a cost effective and reliable way. There are three main participants in the NEM: • Generators, which are coal, natural gas and renewable power stations that sell electricity to the market. • Distributors, who own and manage the infrastructure (poles and cables) which bring the electricity to residential and business customers. • Retailers, who buy electricity from the market. They then sell electricity on to residential and business customers. Click Energy is an Energy Retailer in Australia. Out of the 10 million residential consumers in Australia, the following percentages have switched to a market contract:1 • Victoria: 88% • South Australia: 84% • New South Wales: 69% • Queensland: 46% What is a distributor? Distributors are a core part of the constant supply of electricity and gas into homes and businesses. For electricity, distributors own and manage the poles and cables which deliver power. Gas distributors own and manage the pipelines which distribute gas across the country. A customer does not have a choice as to which distributor they use, as location of their property will determine this. Who are the distributors? Distributors are different in every state. Some states have more than one distributor. Below is a list of the distributors in New South Wales, Queensland, Victoria and South Australia. ELECTRICITY GAS New South Wales (NSW) Victoria (VIC) South Australia (SA) Victoria (VIC) Ausgrid AusNet Services SA Power Networks AusNet Services Endeavour CitiPower Multinet Gas Essential Energy Jemena Australian Gas Networks Queensland (QLD) Powercor Australia Energex United Energy 1. Source: State of the Energy Market 2015, published by the Australian Energy Regulator (AER) © 2016 Viridian. All rights reserved. Unauthorized copying or reproduction of this product, in whole or in part, VIRIDIAN • AUSTRALIA MARKET GUIDE 3 is strictly prohibited. What is Deregulation? Rather than the state government determining the price that customers pay for electricity and gas in that state, some states have allowed for private companies to compete for customers’ business. This is called deregulation. The deregulation of the energy industry in Australia started in Victoria, to increase market competition and to give consumers a choice of providers. This gave private companies the opportunity to enter the energy market and offer retail electricity and gas to consumers. Due to the success Victoria experienced through deregulation, Queensland, New South Wales and South Australia also chose to deregulate. Due to this process, there is a large diversity in regards to energy prices across Australia. In some states, such as Victoria and New South Wales, there are a large number of retailers, providing a healthy quantity of retailer competition. In other states (such as Western Australia) deregulation has not occurred. The Solar Market Throughout the last decade, state governments have encouraged the adoption of solar energy by creating solar bonus schemes and setting minimum solar feed-in tariffs (FIT) to customers. The size of the tariff varies in each state, and the government would give more to customers that installed solar systems earlier. Each of the state government solar feed-in tariffs have an expiry date, for example the 60c Solar Bonus scheme in NSW will expire 31st December 2016. *The information in the tables below was accurate as of September 2016. VICTORIA OPEN New Standard Feed-in Tariff • Only scheme still open to new solar installations/applications Scheme • Retailers pay 8c as mandated by the government • System must be 100kW or smaller CLOSED Old Standard Feed-in Tariff • Customers get paid the same rate to export electricity as they Scheme pay to import electricity • This scheme is no longer running Premium Feed-in Tariff • Opened in late 2009 and was closed to new applicants by the end of 2011 • Distributors pay 60c provided the system is 5kW or smaller • Offer will expire by the end of 2024 • Can switch to Click Energy and keep offer provided the NMI is unchanged • Credit balances refunded over 12 months or $100 min collection Transitional Feed-in Tariff • Replaced premium FiT in 2011, closed to new applicants by the end of 2012 • Distributors pay 25c provided the system is 5kW or smaller • Offer will expire by end of 2016 • Can switch to Click Energy and keep offer provided the NMI is unchanged © 2016 Viridian. All rights reserved. Unauthorized copying or reproduction of this product, in whole or in part, VIRIDIAN • AUSTRALIA MARKET GUIDE 4 is strictly prohibited. NEW SOUTH WALES: OPEN Retailer-funding only • Open to all new applicants and will replace all current Scheme schemes by 31 October 2016 • Retailers are recommended to give 7.7c CLOSED 60c Solar Bonus Scheme • Opened in January 2010 and was closed to new applicants at Scheme (60c- 6.6c + 10c = 63.4c Total FiT) midnight on 28 April 2011 • The eligible system must have been purchased or leased on or before 27 October 2010 and an application was made to connect to the grid before 18 November 2010 • Customers must have a gross metering system that does not exceed 10kWh of generation capacity • Distributors pay 60c, for which retailers are required to pay 6.6c of this. Click Energy offers an additional 3.4c on top of the 6.6c making the total FiT 63.4c • Offer will expire by 31 December 2016 • Systems connected from 1 July 2012 are not eligible to receive the scheme tariff payments • Can switch to Click Energy and keep offer provided the NMI is unchanged 20c Solar Bonus Scheme • Opened in late 2009 and was closed to new applicants by the (20c- 6.6c + 10c = 23.4c Total FiT) end of 2011 • Distributors pay 60c provided the system is 5kW or smaller • Offer will expire by the end of 2024 • Can switch to Click Energy and keep offer provided the NMI is unchanged • Credit balances refunded over 12 months or $100 min collection QUEENSLAND: OPEN Retailer-funding only See product table for the current offers available Scheme CLOSED 44c Solar Bonus Scheme • Customers who applied for the Queensland Solar Bonus Scheme Scheme before 10 July 2012 and maintain their eligibility can continue to receive a feed-in tariff of 44c • This feed-in tariff is closed to new solar customers. The Solar Bonus Scheme is legislated to expire on 1 July 2028 You will lose eligibility for the 44c feed-in tariff rate if you • Move house (as this will result in a new electricity account holder for the premises) • Sell or let your house (if this results in a new electricity account holder for the premises) • Increase your inverter capacity (size) • Close your electricity account • Are disconnected (for example, because you fail to pay a bill or for breach of contract) 8c Solar Bonus Scheme The 8c feed-in tariff concluded on 1 July 2014. From this date, electricity retailers set and pay their own feed-in tariffs © 2016 Viridian. All rights reserved. Unauthorized copying or reproduction of this product, in whole or in part, VIRIDIAN • AUSTRALIA MARKET GUIDE 5 is strictly prohibited. SOUTH AUSTRALIA: OPEN Group 5 • Approved permission to connect received after 30 September Scheme 2013 • No feed-in tariff offered but you may be eligible to receive a minimum retailer payment from your electricity retailer CLOSED Group 1 • Approved permission to connect received by 31 August 2010. Scheme • System fully installed and connected by 29 January 2012. • 44c until 30 June 2028 Group 2 • Approved permission to connect received between 1 September 2010 and 30 September 2011. • Solar system fully installed by 30 September 2011. • 44c until 30 June 2028 • Feed-in tariff payment is limited to the first 45kWh exported to the grid each day Group 3 • Approved permission to connect received between 1 September 2010 and 30 September 2011 • Booking made with SA Power Networks for the installation of an Import/export meter within 120 days of 1 October 2011. • Solar PV system fully installed and connected at any time between receiving approval to connect and the meter booking cut off date • 44c until 30 June 2028 • Feed-in tariff payment is limited to the first 45kWh exported to the grid each day. Group 4 • Approved permission to connect received between 1 October 2011 and 30 September 2013. • Fully install and connect your solar PV system at any time between receiving approval to connect and the meter booking cut off date • 16c until 30 September 2016 • Feed-in tariff payment is limited to the first 45kWh exported to the grid each day. Retailer Funded Feed-In Tariff The retailer funded feed-in tariff is added on top of the government feed-in tariff, or in the case where there is no solar bonus scheme from the government, the retailer will be providing the entire amount. Click Energy has placed a strong emphasis on the competitiveness of its Solar Packages, particularly in regards to the competitive feed-in tariff that it offers.
Recommended publications
  • Standards Australia – Published Standards
    Week Commencing 8 February Standards Australia – Published Standards Standards Australia has advised that the following Standards have been published. AS/NZS 5263.1.3:2021 Gas appliances, Part 1.3: Gas space heating appliances AS/NZS 5263.1.8:2021 Gas appliances, Part 1.8: Decorative effect gas appliances Hydrogen proposed for 40,000 customers in Albury-Wodonga Australian Gas Networks media release 4 February 2021 Australian Gas Infrastructure Group (AGIG) is proud to partner on two renewable hydrogen project bids to the Australian Renewable Energy Agency (ARENA), submitted last month. In Victoria, Australian Gas Networks (AGN) – part of AGIG – is partnering with global low- carbon energy company ENGIE to develop a renewable hydrogen project that will supply carbon-free hydrogen at volumes of up to 10 per cent, to around 40,000 existing residential, commercial and industrial connections. The 10MW Hydrogen Park Murray Valley (HyP Murray Valley) project will be co-located with the West Wodonga Wastewater Treatment Plant and supply renewable hydrogen blended with natural gas to customers on the existing Albury-Wodonga gas distribution network, with the facility also able to supply industry and transport markets. The HyP Murray Valley bid has been submitted alongside the Clean Energy Innovation Park (CEIP) project proposal, a joint venture between AGIG and international integrated energy group ATCO. The CEIP will be located alongside renewable electricity generation assets in Waradarge, Western Australia. It comprises a 10MW electrolyser and is capable of producing 4.0 tonnes of renewable hydrogen per day for use in gas networks, industry and transport. These projects add to AGIG’s current hydrogen developments in Hydrogen Park South Australia and Hydrogen Park Gladstone in Queensland and demonstrates AGIG’s commitment to target 10 per cent renewable gas in networks by no later than 2030.
    [Show full text]
  • Just Sign Here
    Just sign here.... A review of Victorian retail energy contract terms and conditions Consumer Action Law Centre Level 7, 459 Little Collins St Melbourne VIC 3000 May 2011 Acknowledgement Consumer Action would like to express its appreciation to the Consumer Utilities Advocacy Centre for funding this project. 1 Contents About Consumer Acton Law Centre .................................................................................. 3 List of abbreviations ........................................................................................................... 5 Executive Summary ............................................................................................................ 6 Summary of recommendations .......................................................................................... 6 Introduction ......................................................................................................................... 8 Methodology........................................................................................................................ 9 Regulation of Retail Energy Contracts in Victoria .......................................................... 12 Electricity Industry Act 2000 and the Gas Industry Act 2001 ......................................... 12 Energy Retail Code (ERC) ................................................................................................ 13 General consumer protection laws - Fair Trading Act and Trade Practices Act (now Australian Consumer Law) ..............................................................................................
    [Show full text]
  • F O R Im M E D Ia T E R E L E A
    Article No. 8115 Available on www.roymorgan.com Link to Roy Morgan Profiles Friday, 30 August 2019 Powershop still number one in electricity satisfaction, despite losing spark in recent months Powershop has won the Roy Morgan Electricity Provider of the Month Award with a customer satisfaction rating of 78% for July 2019. Powershop has now won the past seven monthly awards, remaining unbeaten in 2019. Powershop’s customer satisfaction rating of 78% was followed by Lumo Energy (71%), Simply Energy (70%), Click Energy (70%), Red Energy (70%) and Alinta Energy (70%). E These are the latest findings from the Roy Morgan Single Source survey derived from in-depth face-to- face interviews with 1,000 Australians each week and over 50,000 each year. Powershop managed to maintain its number one position in customer satisfaction, despite it recording the largest decline in ratings of any leading provider, falling from 87% in January 2019, to 78% (-9%) as of July 2019. Over the same period, Lumo Energy, Simply Energy and Click Energy all fell by 4%, Red Energy remained steady, and Alinta Energy increased its rating by 1%. Although Powershop remains well clear of its competitors, if its consistent downtrend in ratings continues for the next few months, we may well see another electricity provider take the lead in customer satisfaction. The Roy Morgan Customer Satisfaction Awards highlight the winners but this is only the tip of the iceberg. Roy Morgan tracks customer satisfaction, engagement, loyalty, advocacy and NPS across a wide range of industries and brands. This data can be analysed by month for your brand and importantly your competitive set.
    [Show full text]
  • Victorian Energy Prices July 2017
    Victorian Energy Prices July 2017 An update report on the Victorian Tarif-Tracking Project Disclaimer The energy offers, tariffs and bill calculations presented in this report and associated workbooks should be used as a general guide only and should not be relied upon. The workbooks are not an appropriate substitute for obtaining an offer from an energy retailer. The information presented in this report and the workbooks is not provided as financial advice. While we have taken great care to ensure accuracy of the information provided in this report and the workbooks, they are suitable for use only as a research and advocacy tool. We do not accept any legal responsibility for errors or inaccuracies. The St Vincent de Paul Society and Alviss Consulting Pty Ltd do not accept liability for any action taken based on the information provided in this report or the associated workbooks or for any loss, economic or otherwise, suffered as a result of reliance on the information presented. If you would like to obtain information about energy offers available to you as a customer, go to the Victorian Government’s website www.switchon.vic.gov.au or contact the energy retailers directly. Victorian Energy Prices July 2017 An update report on the Victorian Tariff-Tracking Project May Mauseth Johnston, September 2017 Alviss Consulting Pty Ltd © St Vincent de Paul Society and Alviss Consulting Pty Ltd This work is copyright. Apart from any use permitted under the Copyright Act 1968 (Ctw), no parts may be adapted, reproduced, copied, stored, distributed, published or put to commercial use without prior written permission from the St Vincent de Paul Society.
    [Show full text]
  • Australian Gas Infrastructure Group Annual Review 2018
    Attachment 2.1 Australian Gas Infrastructure Group Annual Review 2018 January 2020 Delivering for Australians 2018 Annual Review We are Australian Gas Infrastructure Group (AGIG) One of Australia’s largest gas infrastructure Our portfolio of companies delivers for customers businesses. across Australia. Our vision is to Dampier Bunbury be the leading gas Pipeline Group (DBP) infrastructure Operates in Western Contents business in Australia. Australia and the Message from the Chairmen 03 We will achieve this Northern Territory. Message from the CEO 05 by delivering for our Multinet Gas Highlights 09 customers, being Networks (MGN) About AGIG 11 a good employer and Operates in Victoria. being sustainably Values and Vision 15 Australian Gas cost efficient. Our Role in the Gas Industry 17 Networks (AGN) Our Project Capabilities and Credentials 21 We own and operate Operates in Victoria, Delivering for Customers 27 infrastructure that South Australia, A Good Employer 39 delivers gas to Australian Queensland, New Sustainably Cost Efficient 43 homes, businesses, and South Wales and the Operational Statistics 59 communities. In 2018 Northern Territory. we surpassed two AGIG builds and million customers operates new pipelines on our distribution across the country. networks—more than any other gas distributor in the country. We also deliver and store gas that supports the Australian economy—for power generators, mines and manufacturers. Australian Gas Infrastructure Group Australian Gas Infrastructure Group 01 2018 Annual Review 2018 Annual Review 02 Message As the Chairmen of the companies that make up AGIG – DBP, MGN and AGN – from the we are proud of the achievements Chairmen of AGIG in working towards this vision.
    [Show full text]
  • Distribution Annual Planning Report
    DISTRIBUTION ANNUAL PLANNING REPORT December 2018 Powercor Distribution Annual Planning Report – December 2018 Disclaimer The purpose of this document is to provide information about actual and forecast constraints on Powercor’s distribution network and details of these constraints, where they are expected to arise within the forward planning period. This document is not intended to be used for other purposes, such as making decisions to invest in generation, transmission or distribution capacity. Whilst care was taken in the preparation of the information in this document, and it is provided in good faith, Powercor accepts no responsibility or liability for any loss or damage that may be incurred by any person acting in reliance on this information or assumptions drawn from it. This Distribution Annual Planning Report (DAPR) has been prepared in accordance with the National Electricity Rules (NER), in particular Schedule 5.8, as well as the Electricity Distribution Code. This document contains certain predictions, estimates and statements that reflect various assumptions concerning, amongst other things, economic growth and load growth forecasts that, by their nature, may or may not prove to be correct. This document also contains statements about Powercor’s plans. These plans may change from time to time without notice and should therefore be confirmed with Powercor before any action is taken based on this document. Powercor advises that anyone proposing to use the information in this document should verify its reliability, accuracy and completeness before committing to any course of action. Powercor makes no warranties or representations as to the document’s reliability, accuracy and completeness and Powercor specifically disclaims any liability or responsibility for any errors or omissions.
    [Show full text]
  • Post-Show Report
    POST-SHOW REPORT 2016 sponsors and exhibitors included: +61 (0)2 8188 7597 [email protected] www.energyweek.com.au | 1 AUSTRALIAN ENERGY WEEK 2016 REVIEW FROM THE CHAIR Dear Energy Executive, More than 400 attendees at Australian Energy Week in Melbourne in mid-June had the benefit of 88 expert presenters and panelists over 4 days, across 8 different tracks. They covered a wide range of issues that stand between the Australian community and achievement of the CoAG Energy Council’s recently-announced goal of integrating energy and climate change policies to deliver secure supply and the lowest possible prices. Not surprisingly, much of the speakers’ focus - and the audience’s questions - was on the drivers for change and the need for a durable, bipartisan approach to settle investors’ nerves and to encourage lenders’ support for new developments. One of the most interesting questions was posed by speaker Roberto Bocco, Head of Energy Industries at the World Economic Forum. “We are witnessing a continuous trend for decarbonisation,” he said, “but what if the future of energy is different from what we are expecting?” Diversity among leading nations pursuing the transformation of electricity supply, he pointed out, highlights that there is no single pathway to a more affordable, sustainable and secure energy system. The capacity of the Australian Energy Week presenters to pursue the prospects of diversity and the differing pathways to our national energy future was, I think, the major strength of the conference - which will be held again in Melbourne in May next year. Feedback from the attendees thronging the Albert Park venue for the event repeatedly pointed to the benefits of being exposed to a wide range of views in an environment notable for calm discussion - and, having organised and participated in a multitude of conferences over the past 35 years, I was struck by the high level of networking I saw around me.
    [Show full text]
  • SEQ Retail Electricity Market Monitoring: 2017–18
    Updated Market Monitoring Report SEQ retail electricity market monitoring: 2017–18 March 2019 We wish to acknowledge the contribution of the following staff to this report: Jennie Cooper, Karan Bhogale, Shannon Murphy, Thomas Gardiner & Thomas Höppli © Queensland Competition Authority 2019 The Queensland Competition Authority supports and encourages the dissemination and exchange of information. However, copyright protects this document. The Queensland Competition Authority has no objection to this material being reproduced, made available online or electronically but only if it is recognised as the owner of the copyright2 and this material remains unaltered. Queensland Competition Authority Contents Contents EXECUTIVE SUMMARY III THE ROLE OF THE QCA – TASK AND CONTACTS V 1 INTRODUCTION 1 1.1 Retail electricity market monitoring in south east Queensland 1 1.2 This report 1 1.3 Retailers operating in SEQ 1 2 PRICE MONITORING 3 2.1 Background 3 2.2 Minister's Direction 4 2.3 QCA methodology 4 2.4 QCA monitoring 6 2.5 Distribution non-network charges 45 2.6 Conclusion 47 3 DISCOUNTS, SAVINGS AND BENEFITS 48 3.1 Background 48 3.2 Minister's Direction 48 3.3 QCA methodology 48 3.4 QCA monitoring 49 3.5 Conclusion 96 4 RETAIL FEES 98 4.1 Background 98 4.2 Minister's Direction 98 4.3 QCA methodology 98 4.4 QCA monitoring 98 4.5 GST on fees 104 4.6 Fees that 'may' have applied 105 4.7 Additional fee information on Energy Made Easy 105 4.8 Conclusion 105 5 PRICE TRENDS 107 5.1 Minister's Direction 107 5.2 Data availability 107 5.3 QCA methodology
    [Show full text]
  • 2020 Safety Performance Report on Victorian Electricity Networks
    Safety performance report on Victorian electricity networks October 2020 Safety performance report on Victorian electricity networks October 2020 Energy Safe Victoria This report has been endorsed by the Director of Energy Safety in Victoria. Authorised and published by the Victorian Government Melbourne October 2020 © Copyright State of Victoria 2020 You are free to re-use this work under a Creative Commons Attribution 4.0 licence, provided you credit the State of Victoria (Energy Safe Victoria) as author, indicate if changes were made and comply with the other licence terms. The licence does not apply to any images, photographs or branding, including Government logos. ISBN-13: 978-1-925838-39-8 (print) ISBN-13: 978-1-925838-37-4 (online) This document is also available online at www.esv.vic.gov.au Energy Safe Victoria Foreword This year has seen Energy Safe Victoria embark on a period of major with other responsible parties. This will help us better target our regulatory transformation. Part of this was our continuing drive to implement the activities based on risk. recommendations of the Independent Review of Victoria's Electricity and Tragically, there were two fatalities and three incidents involving serious Gas Network Safety Framework and part was in response to the injuries this year. All involved the public. All were preventable. While holding extraordinary events of the last twelve months. those responsible to account is important, our primary focus is on After a decade, my predecessor Paul Fearon retired in February 2020. preventing such tragedies. I subsequently took over as Director of Energy Safety and Chair Designate The simultaneous bushfires in all states along the eastern seaboard were for the ESV Commission in March 2020.
    [Show full text]
  • 2009 Annual Report
    Energy and Ombudsman Water (Victoria) 2009 Annual Report Energy and Water Ombudsman (Victoria) 2009 Annual Report ELGAS KLEENHEAT ORIGIN ENERGY LPG POWERGAS SUPAGAS AGL SALES AUSTRALIAN POWER & GAS ENERGYAUSTRALIA ORIGIN ENERGYELGAS KLEENHEAT ORIGIN ENERGY LPG POWERGAS SUPAGAS AGL SALES AUSTRALIAN POWER & GAS ENERGYAUSTRALIA ORIGIN ENERGY RED ENERGY SIMPLY ENERGY TRUENERGY VICTORIA ELECTRICITY CITY WEST WATER SOUTH EAST WATER YARRA VALLEY WATER MELBOURNERED ENERGY SIMPLY ENERGY TRUENERGY VICTORIA ELECTRICITY CITY WEST WATER SOUTH EAST WATER YARRA VALLEY WATER MELBOURNE WATER BARWON WATER CENTRAL HIGHLANDS WATER COLIBAN WATER EAST GIPPSLAND WATER GIPPSLAND WATER GOULBURN VALLEYWATER BARWON WATER CENTRAL HIGHLANDS WATER COLIBAN WATER EAST GIPPSLAND WATER GIPPSLAND WATER GOULBURN VALLEY WATER GRAMPIANS WIMMERA MALLEE WATER LOWER MURRAY WATER NORTH EAST WATER SOUTH GIPPSLAND WATER WANNON WATERWATER GRAMPIANS WIMMERA MALLEE WATER LOWER MURRAY WATER NORTH EAST WATER SOUTH GIPPSLAND WATER WANNON WATER WESTERN WATER WESTERNPORT WATER GOULBURN-MURRAY WATER GRAMPIANS WIMMERA MALLEE WATER LOWER MURRAY WATER WESTERN WATER WESTERNPORT WATER GOULBURN-MURRAY WATER GRAMPIANS WIMMERA MALLEE WATER LOWER MURRAY WATER SOUTHERN RURAL WATER AGL SALES AURORA ENERGY AUSTRALIAN POWER & GAS CLICK ENERGY COUNTRY ENERGY DODO POWER &SOUTHERN GAS RURAL WATER AGL SALES AURORA ENERGY AUSTRALIAN POWER & GAS CLICK ENERGY COUNTRY ENERGY DODO POWER & GAS ENERGYAUSTRALIA ENERGYONE INTEGRAL ENERGY JACKGREEN MOMENTUM ENERGY NEIGHBOURHOOD ENERGY ORIGIN ENERGY POWERDENERGYAUSTRALIAI-
    [Show full text]
  • Power Assets Canada United Kingdom Continental Europe
    BUSINESS REVIEW Investment in Infrastructure Investments in POWER ASSETS UNITED KINGDOM Infrastructure Investments in Infrastructure Investments in CONTINENTAL CANADA EUROPE Infrastructure Investments in Infrastructure Investments in AUSTRALIA MAINLAND CHINA Investments in Infrastructure Investments in INFRASTRUCTURE NEW ZEALAND RELATED BUSINESSES BUSINESS REVIEW Investment in POWER ASSETS CKI holds 38.01% of Power Assets, a global investor with assets in Hong Kong, the United Kingdom, Australia, New Zealand, Mainland China, the United States, Canada, Thailand, the Netherlands and Portugal. These investments include electricity and gas companies which serve millions of customers around the world. 28 CK INFRASTRUCTURE HOLDINGS LIMITED Power Assets’ 2017 audited profits attributable to In Canada, Canadian Power Holdings delivered shareholders amounted to HK$8,319 million (2016: high availability and Canadian Midstream Assets HK$6,417 million), an increase of 30% as compared progressed with the implementation of major pipeline to 2016. This was mainly due to a one-off gain on projects. Dutch Enviro Energy in the Netherlands disposal of properties recorded in 2017, the first full- expanded its portfolio to include waste separation year contribution from Canadian Midstream Assets, to better serve customer needs. During the year, contribution from the newly acquired investment the operations in Thailand, Mainland China, Portugal DUET Group (“DUET”) and more favourable and New Zealand also delivered strong operational exchange rates on translation of foreign currency performance and high levels of customer satisfaction. deposits to the Hong Kong dollar. The profit increase was partially offset by a one-off deferred tax credit In Hong Kong, Power Assets through HK Electric recognised in 2016 for a reduction of corporate tax Investments and HK Electric Investments Limited rate in the United Kingdom.
    [Show full text]
  • Jemena Electricity Networks (Vic) Ltd
    Jemena Electricity Networks (Vic) Ltd 2018 Distribution Annual Planning Report Public 31 December 2018 An appropriate citation for this paper is: 2018 Distribution Annual Planning Report Contact Person Ashley Lloyd Network Capacity Planning & Assessment Manager Ph: (03) 9173 8279 [email protected] Jemena Electricity Networks (Vic) Ltd ABN 82 064 651 083 Level 16, 567 Collins Street Melbourne VIC 3000 Postal Address PO Box 16182 Melbourne VIC 3000 Ph: (03) 9713 7000 Fax: (03) 9173 7516 EXECUTIVE SUMMARY EXECUTIVE SUMMARY Jemena is the licensed electricity distributor for the northwest of Melbourne’s greater metropolitan area. The Jemena Electricity Networks (JEN) service area covers 950 square kilometres of northwest greater Melbourne and includes the Melbourne International Airport, which is located at the approximate physical centre of the network, and some major transport routes. The network comprises over 6,0001 kilometres of electricity distribution lines and cables, delivering approximately 4,400 GWh of energy to over 345,000 homes and businesses for a number of energy retailers. The network service area ranges from Couangalt, Clarkefield and Mickleham in the north to Williamstown and Footscray in the south and from Hillside, Sydenham and Brooklyn in the west to Yallambie and Heidelberg in the east. The 2018 Distribution Annual Planning Report (DAPR) details the past performance of Jemena’s electricity network, summarises the asset management, demand forecasting and network development methodologies adopted by Jemena, and presents forecast electricity demand for the forward planning period (five year planning period from 2019 to 2023). The report also identifies existing and emerging network limitations to supplying forecast demand, and identifies and proposes credible options to alleviate or manage the identified electricity network limitations.
    [Show full text]