DOCSLIB.ORG

SVDP NSW Tariff Tracking July13 Update Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
SVDP NSW Tariff Tracking July13 Update Report NSW Energy Prices July 2012 - July 2013 An update report on the NSW Tariff-Tracking Project May Mauseth Johnston August 2013 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.$$The$information$presented$in$this$report$and$the$workbooks$is$not$ provided$as$financial$advice.$While$we$have$taken$great$care$to$ensure$accuracy$of$ the$information$provided$in$this$report$and$the$workbooks,$they$are$suitable$for$use$ only$as$a$research$and$advocacy$tool.$We$do$not$accept$any$legal$responsibility$for$ errors$or$inaccuracies.$The$St$Vincent$de$Paul$Society$and$Alviss$Consulting$Pty$Ltd$do$ not$accept$liability$for$any$action$taken$based$on$the$information$provided$in$this$ report$or$the$associated$workbooks$or$for$any$loss,$economic$or$otherwise,$suffered$ as$ a$ result$ of$ reliance$ on$ the$ information$ presented.$ If$ you$ would$ like$ to$ obtain$ information$ about$ energy$ offers$ available$ to$ you$ as$ a$ customer,$ go$ to$ Australian$ Energy$ Regulator’s$ “Energy$ Made$ Easy”$ website$ or$ contact$ the$ energy$ retailers$ directly.$ $ $ $ $ New$South$Wales$Energy$Prices$July$2012$–$July$2013$ An$Update$report$on$the$NSW$TariffQTracking$Project$ by$May$Mauseth$Johnston$$$ $ May*Mauseth*Johnston,*August*2013* Alviss*Consulting*Pty*Ltd* ABN$43147408624$ $$ $ $ ©*St*Vincent*de*Paul*Society*and*Alviss*Consulting*Pty*Ltd* * This$work$is$copyright.$Apart$from$any$use$permitted$under$the$Copyright$Act$1968$ (Ctw),$no$parts$may$be$adapted,$reproduced,$copied,$stored,$distributed,$published$ or$put$to$commercial$use$without$prior$written$permission$from$the$St$Vincent$de$ Paul$Society.$$$ $ $ $ $ $ $ Contact:*Gavin*Dufty* Manager$Policy$and$Research,$Victoria$ Phone:$(03)$98955816/04$3935$7129$* $ www.vinnies.org.au/energy$$ 1 $ Acknowledgements* This$ project$ was$ funded$ by$ a$ research$ grant$ from$ the$ Consumer$ Advocacy$ Panel$ (www.advocacypanel.com.au)$ as$ part$ of$ its$ grants$ process$ for$ consumer$ advocacy$ projects$and$research$projects$for$the$benefit$of$consumers$of$electricity$and$natural$ gas.$ $ The$views$expressed$in$this$document$do$not$necessarily$reflect$the$views$of$the$ Consumer$Advocacy$Panel$or$the$Australian$Energy$Market$Commission.$ * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 2 Table*of*Contents* * Acknowledgements* 2* The*NSW*TariffKTracking*Project:*purpose*and*outputs* 4* * * 1.*Energy*price*changes*from*July*2012*to*July*2013* 6* * * 2.*Regulated*vs.*market*offers*July*2013* 13* 2.1$Regulated$electricity$vs.$market$offers$July$2013$$ 13$ 2.2$Regulated$gas$vs.$market$offers$July$2013$ 22$ * $ 3.*Total*cost*of*energy*by*area* 25* 3.1$Inner$Sydney,$Northern$Sydney,$Swansea,$Newcastle,$Maitland,$Cessnock$ 25$ Singleton$and$Upper$Hunter$ 3.2$ Western$ Sydney,$ Wollongong,$ Blue$ Mountains,$ Lithgow,$ Kandos,$ Moss$ 26$ Vale,$Nowra,$Ulladulla$ 3.3$Rural$and$Regional$NSW$ 27$ * * $ * * * * * * * * * * * * * * * * * * * * * * * * * * * * 3 The*NSW*TariffKTracking*Project:*Purpose*and*outputs* $ Under$retail$price$regulation$arrangements,$tariff$tracking$and$tariff$analysis$are$not$ usually$prioritised$activities$amongst$advocates$and$consumer$representatives.$$In$a$ deregulated$ environment,$ however,$ it$ will$ become$ increasingly$ evident$ that$ advocates,$ as$ well$ as$ consumers$ themselves,$ need$ improved$ awareness$ and$ understanding$of$changing$tariff$offers$–$both$in$terms$of$changes$to$price$as$well$as$ changes$ to$ tariff$ shapes.$ $ The$ Australian$ Energy$ Market$ Commission$ (AEMC)$ is$ currently$undertaking$a$review$of$the$effectiveness$of$competition$in$NSW$and$its$ Draft$Report$stated$that:$ $ “Based$on$the$available$evidence,$the$Commission$considers$that$the$NSW$ retail$electricity$market$for$small$customers$is$competitive.$However,$the$ effectiveness$of$competition$could$be$further$enhanced$by$implementing$ measures$to$assist$customers$to$better$understand$their$electricity$ consumption$and$options$for$changing$tariffs.”1$$$ $ The$AEMC$also$believes$that$competition$in$the$gas$retail$market$is$effective,$ although$it$noted$that$there$appears$to$be$some$barriers$to$entry$for$new$retailers$ and$that$there$are$limited$signs$of$independent$rivalry.2$However,$the$AEMC$ concluded$that:$ $ “[T]hese$factors$are$balanced$by$customers'$greater$ability$to$switch$away$ from$gas$to$electricity,$which$provides$pressure$to$keep$gas$retailers'$prices$ and$service$quality$similar$to$outcomes$expected$in$a$competitive$market.”3$$ $ If$the$AEMC’s$final$recommendation$is$the$removal$of$retail$price$regulation$and$the$ NSW$Government$accepts$this,$the$NSW$Tariff$–Tracking$tool$will$allow$consumer$ advocates$to$undertake$‘before$and$after’$comparisons$and$monitor$potential$ impacts$of$deregulation$on$NSW$consumers,$as$well$as$energy$affordability$and$ market$developments$more$broadly.$$$ $ This$project$has$tracked$electricity$and$gas$tariffs$in$NSW$from$July$2009$to$July$2013,$ and$developed$a$spreadsheetQbased$tool$that$allows$consumer$advocates$to$build$on$ the$initial$analysis$and$continue$to$track$changes$as$they$occur.4$The$first$report$for$ the$NSW$TariffQTracking$project$was$published$in$August$2011$and$this$is$the$second$ upQdate$report$focusing$on$price$changes$that$have$occurred$over$the$last$year.$ $ We$have$developed$four$workbooks$that$allow$the$user$to$enter$consumption$levels$ and$analyse$household$bills$for$NSW$gas$and$electricity$offers.$$ 1$AEMC,$Review$of$Competition$in$the$Retail$Electricity$and$Natural$Gas$Markets$in$New$ South$Wales,$Draft$Report,$May$2013,$p$64$ 2$Ibid,$p$85$ 3$Ibid$ 4$The$regulated$electricity$offers$workbook$also$contains$the$2008$rates! 4 Workbook$1:$Regulated$electricity$offers$July$2008QJuly$2013$ Workbook$2:$Regulated$gas$offers$July$2009QJuly$2013$ Workbook$3:$Electricity$market$offers$July$2011,$2012$and$20135$ Workbook$4:$Gas$market$offers$July$2011,$2012$and$2013$ $ Previous$reports$were:$ $ • New$South$Wales$Energy$Prices$July$2009$–$July$2011,$A$Report$from$the$NSW$ TariffQTracking$Project,$August$2011$ $ • New$South$Wales$Energy$Prices$July$2011$–$July$2012,$An$Update$report$on$the$ NSW$TariffQTracking$Project,$August$2012$ $ The$four$workbooks$and$the$reports$are$available$at$www.vinnies.org.au/energy$$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 5$All$market$offers$are$published$offers$and$do$not$include$special$offers$that$retailers$market$ through$doorQknocking$campaigns$or$brokers.$We$use$the$IPART$and$AER$websites$as$well$as$ the$retailers$own$websites$to$collect$market$offer$for$the$TariffQTracking$tool.$$If$the$retailer$ has$more$than$one$market$offer$we$use$the$one$IPART$or$AER$websites$estimate$to$produce$ the$lowest$annual$bill.$$The$TariffQTracking$tool$does$not$include$any$additional$discounts$or$ bonuses$but$key$market$offer$features$are$listed$in$the$spreadsheets.$$This$report$contains$ analysis$of$some$of$those$features.$$$ 5 1.*Energy*price*changes*from*July*2012*to*July*20136* $ • Electricity$price$increases$have$been$very$moderate$this$year$(and$especially$ compared$to$the$increases$that$occurred$over$the$three$previous$years).$ $ • The$ greatest$ increases$ have$ been$ in$ Ausgrid’s$ network$ area$ (although$ moderate$ compared$ to$ the$ previous$ year)$ where$ households’$ annual$ electricity$costs$have$typically$increased$by$between$$75Q$85$since$July$2012.$$ Electricity$prices$for$customers$in$Essential’s$area$have$seen$a$small$decrease.$ See$chart$1$below.$ $ • Gas$price$increases$have$been$significant$(10%)$in$some$areas$and$moderate$ to$low$in$others.$ $ • Households$in$Sydney$(Jemena/AGL$gas$zone)$are$facing$the$greates$gas$price$ increases.$$The$annual$gas$bill$for$average$consumption$households$in$this$gas$ zone$has$incresed$by$approximately$$80.$See$chart$2$below.$$$ $ • Annual$energy$bills$(electricity$and$gas)$for$dual$fuel$Sydney$households$with$ average$consumption$have$thus$increased$by$approximately$$165$since$July$ 2012.$$See$chart$1$and$2$below.$$ $ • Annual$ electricity$ bills$ for$ allQelectric$ Sydney$ households$ with$ average$ consumption$have$increased$by$around$$75$since$July$2012.$$ $ • For$ the$ first$ time,$ some$ of$ the$ electricity$ and$ gas$ market$ offers$ contain$ published$ rates$ (prior$ to$ discounts)$ below$ the$ regulated$ rates,$ and$ as$ in$ previous$years,$some$retailers$have$published$electricity$and$gas$market$offer$ rates$above$the$regulated$offers$(prior$to$discounts).$ $ • As$more$and$more$retail$offers$have$a$pay$on$time$discount$component,$the$ financial$benefits$of$switching$will$largely$depend$on$customers’$ability$to$pay$ on$time.$$ $ • Customers$switching$from$the$regulated$electricity$offer$to$one$of$the$better$ market$ offers$ can$ save$ up$ to$ $300$ –$ $400$ on$ their$ annual$ bills$ (if$ paid$ on$ time).$ $ 6$These$calculations$are$based$on$increases$to$the$regulated$offer$for$single$rate$electricity$ customers$using$7,200kWh$per$annum,$increases$to$the$regulated$offer$for$controlled$load$ electricity$customers$(typically$allQelectric$households)$using$8,000kWh$per$annum$(thereof$ 30%$offQpeak)$and$increases$to$the$regulated$offer$for$gas$customers$using$24,000Mj$per$ annum.$$$ 6 • Gas$customers$in$the$greater$Sydney$area$(Jemena/AGL$gas$zone)$can$save$ between$ $125$ Q$$150$if$switching$ from$ the$ regulated$ offer$ to$ one$ of$ the$ better$market$offers$(and$pay$their$bills$on$time).$ $ • Due$ to$ lack$
Load more

Recommended publications
  • Country Energy’S 3,000 Employees Are the Backbone of Our Business and the Foundation for Our Success
    POWERFUL STUFF Country Energy’s 3,000 employees are the backbone of our business and the foundation for our success. Their knowledge and experience is demonstrated through the strength of our network and the level of customer service we provide. The 2003-2004 Annual Report is testimony to our employees’ commitment to our corporate values – safety, teamwork, fun, accountability, excellence and enthusiasm. Rod Turner, second year apprentice lineworker, Walcha Field Service Centre. OUR ORGANISATION Country Energy is a leading Australian energy services We are a competitive energy retailer in five states and corporation owned by the New South Wales Government, territories, with a product range that includes electricity, with around 3,000 employees and 750,000 customers. natural and bottled gas, internet services and energy advice. We own Australia’s largest power supply network, with 185,000 kilometres of powerlines serving three quarters Country Energy’s commercial success is driven by business of New South Wales – from Bega to Tweed Heads, west decisions that meet local priorities and the needs of our to Bourke and south to the River Murray. customers, employees, stakeholders and shareholders. Country Energy’s retail operations span five states and territories, while our network operations cover country and coastal New South Wales. Far North Coast Region Northern Region North Western Region Mid North Coast Region Central Western Region South Western Region Riverina Region South Eastern Region ii COUNTRY ENERGY ANNUAL REPORT 2003–2004 CONTENTS
    [Show full text]
  • Issues in Relation to the Availability and Use of Asset, Expenditure and Related Information for Australian Electricity and Gas Distribution Businesses
    Australian Energy Market Commission Issues in relation to the Availability and Use of Asset, Expenditure and Related Information for Australian Electricity and Gas Distribution Businesses August 2009 This report contains 124 pages Network Advisory Services Issues in relation to the Availability and Use of Asset, Expenditure and Related Information for Australian Electricity and Gas Distribution Businesses August 2009 Contents 1 Executive Summary 2 2 Introduction 7 3 Australian Electricity and Gas Distribution Businesses 12 4 Asset Age Profile Information 23 5 Available Expenditure Information 46 6 Factors Affecting Quality and Comparability of Historic Expenditure Information 70 7 Expenditure Drivers and Interactions 84 8 Other Options Available to AER for Sourcing Information 97 AEMC09 TFP Report FINAL 110809 1 Network Advisory Services Issues in relation to the Availability and Use of Asset, Expenditure and Related Information for Australian Electricity and Gas Distribution Businesses August 2009 1 Executive Summary The Australian Energy Market Commission (AEMC) is currently assessing a proposed Rule Change submitted by the Victorian Government, which seeks to allow the Australian Energy Regulator (AER) to use Total Factor Productivity analysis (TFP) as an economic regulation methodology to be applied to electricity distribution businesses. In order to inform its assessment, the AEMC is undertaking a review of the use of TFP for electricity and natural gas distribution businesses and released a Framework and Issues Paper on 12 December 2008, which was followed by a public forum in February 2009. The AEMC has engaged Network Advisory Services to investigate what publicly available expenditure and asset information exists for Australian electricity and gas distribution businesses.
    [Show full text]
  • Energy Solutions Australia 25 January 2007
    Obligations of Network Service Providers Connection Applications 25 January 2007 Energy Solutions Australia Pty Ltd 1 Overview The proposed Rule Background The Rules and Connection Issues raised in submissions and responses Discussion Conclusions Energy Solutions Australia Pty Ltd 2 The Proposed Rule Background The services required by Connection Applicants (CAs) include both monopoly and contestable services Monopoly services include modifications to the existing facilities of the Local Network Service Provider (LNSP) Contestable services generally include the provision of new facilities e.g. Connection assets for a generator might include a transmission line and associated substation assets The proposed Rule: addresses issues facing new entrants attempting to set up a portfolio of connection assets only applies to contestable services Energy Solutions Australia Pty Ltd 3 The Proposed Rule The Rules & Connection The Rules provide for a 2 way dialogue between a LNSP and a CA Connection enquiry by CA to LNSP Response by LNSP to CA Connection application by CA to LNSP Offer to connect by LNSP to CA CA LNSP Energy Solutions Australia Pty Ltd 4 The Proposed Rule The Rules & Connection (cont) The 2 way dialogue between the LNSP and CA provides the LNSP with a competitive advantage over a new entrant The LNSP has information regarding: commercial opportunities not likely to be known to the market as a whole the identity of potential customers In contrast the new entrant has to spend time and money to obtain this information
    [Show full text]
  • Energy Retailers Comparative Performance Report
    ENERGY RETAILERS COMPARATIVE PERFORMANCE REPORT PRICING 2009-10 An appropriate citation for this paper is: Energy retailers comparative performance report – pricing 2009-10, December 2010 © Essential Services Commission. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968 and the permission of the Essential Services Commission. CONTENTS 1 About our report 1 1.1 About this report 1 1.2 Scope of the report 1 1.3 Data sources 1 1.4 Relevance of distribution zones 2 1.5 Energy markets 5 1.6 Market transfers 11 1.7 Tariff types 12 2 Comparing retailers’ Standing offers 13 2.1 What we found 13 2.2 About standing offers 13 2.3 Residential electricity prices 13 2.4 Small business electricity prices 16 2.5 Residential gas prices 18 2.6 Small business gas prices 20 2.7 Reasons for standing offer price increases 22 3 Standing offer prices over time 23 3.1 What we found 23 3.2 How are these standing offer prices reported 23 3.3 Electricity and gas prices over time 24 3.4 Electricity prices 26 3.5 Gas prices 29 4 Comparing retailers’ market offers 31 4.1 What we found 31 4.2 About market offers 31 4.3 Residential electricity offers 32 4.4 Small business electricity offers 38 4.5 Electricity residential supply charges 42 4.6 Residential gas offers 44 4.7 Small business gas prices 49 4.8 Comparing retailer’s market offers 54 5 Customer service and market offers 59 5.1 What we found 59 5.2 About customer service and market offers 59 5.3 Residential electricity offers 60 5.4 Residential gas offers 62 5.5 Written offer summaries 64 ESSENTIAL SERVICES COMPARATIVE PRICING 2009-10 III COMMISSION PERFORMANCE REPORT VICTORIA CHAIRPERSON’S COMMENTARY Since 1 January 2009, all Victorian energy retailers have been able to set their customers’ electricity and gas prices in the competitive market.
    [Show full text]
  • Attachments to Submission No. 36 Senate Select Committee on Electricity Prices
    ABN: 50 748 098 845 National Council of Australia Inc NATIONAL COUNCIL Units 4-5 22 Thesiger Court Deakin ACT 2600 PO Box 243 Deakin West ACT 2600 Telephone: (02) 6202 1200 Facsimile: (02) 6285 0159 Website: www.vinnies.org.au Donation Hotline: 13 18 12 Date: 18 September 2012 Committee Secretary Senate Select Committee on Electricity Prices PO Box 6100 Parliament House Canberra ACT 2600 Attachments to Submission No. 36 Senate Select Committee on Electricity Prices By email: [email protected] The St Vincent de Paul Society has previously analysed energy prices, including electricity prices, in Victoria, New South Wales, Queensland and South Australia which are contained in several reports. These reports detail electricity prices for at least the last financial year (July 2011-July 2012) in each of those States. We now provide the reports as attachments to our submission: 1. Victorian Energy Prices from July 2011-January 2012; 2. Victorian Energy Prices from January 2012-July 2012; 3. New South Wales Energy Prices from July 2011-July 2012; 4. Queensland Energy Prices from July 2009-July 2012; and 5. South Australian Energy Prices from July 2009-July 2012. We would also like to draw the Committee’s attention to excel Workbooks that the St Vincent de Paul Society has previously prepared for Electricity Standing Offers and Electricity Market Offers in Victoria, New South Wales, Queensland and South Australia. The Workbooks can be accessed at the following link: http://www.vinnies.org.au/energy These Workbooks may be useful to the Committee as they include comparisons of electricity prices by different energy providers and include, among other things, peak charges, fixed charges, discounts, termination fees, late payment fees etc.
    [Show full text]
  • Chapter 4 Retail Energy Markets
    Jim Rice (Fairfax) Rice Jim 4 RETAIL ENERGY MARKETS Energy retailers buy electricity and gas in wholesale > The Queensland Government owns Ergon Energy, markets and package it with transportation services which has significant market share in rural and for sale to customers. State and territory governments regional Queensland but is not permitted to compete are responsible for regulating retail energy markets. for new customers. Governments agreed in 2004, however, to transfer > The ACT Government operates ActewAGL — a joint several non-price regulatory functions to a national venture with the private sector — to provide both framework that the Australian Energy Market electricity and gas retail services. Commission (AEMC) and the Australian Energy Table 4.1 lists licensed retailers that were active in the Regulator (AER) will administer (box 4.1). electricity and gas markets for residential and small This chapter covers the retailing of energy to small business customers in July 2010. An active retailer is an customers in those jurisdictions expected to implement authorised retailer that is supplying energy services to the national reforms — Queensland, New South Wales, customers (whether or not the retailer is seeking new Victoria, South Australia, Tasmania and the Australian customers). Two retailers — Dodo Power & Gas and 1 Capital Territory (ACT). Qenergy — began operating in 2009 – 10. Also, a number of retailers (including Australian Power & Gas, Click 4.1 Retail market structure Energy, Lumo Energy and Sanctuary Energy) widened CHAPTER the geographic range of their activity. Jackgreen was The energy retail sector is increasingly run by privately suspended from wholesale market trading in the owned businesses.
    [Show full text]
  • NSW Energy Prices July 2017 an Update Report on the NSW Tarif-Tracking Project New South Wales Energy Prices 2017 an Update Report on the NSW Tariff-Tracking Project
    NSW Energy Prices July 2017 An update report on the NSW Tarif-Tracking Project New South Wales Energy Prices 2017 An update report on the NSW Tariff-Tracking Project May Mauseth Johnston, July 2017 www.alvissconsulting.com www.vinnies.org.au twitter.com/AlvissC twitter.com/VinniesAust Contact: Gavin Dufty Manager, Social Policy Unit Victoria St Vincent de Paul Society Phone: (03) 98955816 or 0439 357 129 twitter.com/gavindufty © 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. 1 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.
    [Show full text]
  • Energy Policies of IEA Countires
    ENERGY POLICIES OF IEA COUNTRIES New Zealand 2017 Review Secure Sustainable Together ENERGY POLICIES OF IEA COUNTRIES New Zealand 2017 Review INTERNATIONAL ENERGY AGENCY The International Energy Agency (IEA), an autonomous agency, was established in November 1974. Its primary mandate was – and is – two-fold: to promote energy security amongst its member countries through collective response to physical disruptions in oil supply, and provide authoritative research and analysis on ways to ensure reliable, affordable and clean energy for its 29 member countries and beyond. The IEA carries out a comprehensive programme of energy co-operation among its member countries, each of which is obliged to hold oil stocks equivalent to 90 days of its net imports. The Agency’s aims include the following objectives: n Secure member countries’ access to reliable and ample supplies of all forms of energy; in particular, through maintaining effective emergency response capabilities in case of oil supply disruptions. n Promote sustainable energy policies that spur economic growth and environmental protection in a global context – particularly in terms of reducing greenhouse-gas emissions that contribute to climate change. n Improve transparency of international markets through collection and analysis of energy data. n Support global collaboration on energy technology to secure future energy supplies and mitigate their environmental impact, including through improved energy efficiency and development and deployment of low-carbon technologies. n Find solutions
    [Show full text]
  • Energy Policies of Iea Countries
    ENERGY POLICIES OF IEA COUNTRIES Australia 2018 Review Secure Sustainable Together ENERGY POLICIES OF IEA COUNTRIES Australia 2018 Review INTERNATIONAL ENERGY AGENCY The IEA examines the full spectrum of energy issues including oil, gas and coal supply and demand, renewable energy technologies, electricity markets, energy efficiency, access to energy, demand side management and much more. Through its work, the IEA advocates policies that will enhance the reliability, affordability and sustainability of energy in its 29 member countries, 7 association countries and beyond. The four main areas of IEA focus are: n Energy Security: Promoting diversity, efficiency, flexibility and reliability for all fuels and energy sources; n Economic Development: Supporting free markets to foster economic growth and eliminate energy poverty; n Environmental Awareness: Analysing policy options to offset the impact of energy production and use on the environment, especially for tackling climate change and air pollution; and n Engagement Worldwide: Working closely with association and partner countries, especially major emerging economies, to find solutions to shared IEA member countries: energy and environmental Australia concerns. Austria Belgium Canada Czech Republic Denmark Estonia Finland France Germany Secure Greece Sustainable Hungary Together Ireland Italy Japan Korea Luxembourg Netherlands New Zealand Norway Poland Portugal Slovak Republic © OECD/IEA, 2018 Spain International Energy Agency Sweden Website: www.iea.org Switzerland Turkey United Kingdom Please note that this publication United States is subject to specific restrictions that limit its use and distribution. The European Commission The terms and conditions are also participates in available online at www.iea.org/t&c/ the work of the IEA. Foreword The International Energy Agency (IEA) has been conducting in-depth energy policy reviews of its member countries since 1976.
    [Show full text]
  • Australian Banks Financing Coal and Renewable Energy
    Australian banks financing coal and renewable energy A research paper prepared for Greenpeace Australia Pacific Australian banks financing coal and renewable energy A research paper prepared for Greenpeace Australia Final version: 7 September 2010 Jan Willem van Gelder Anna van Ojik Julia Padberg Petra Spaargaren Profundo Radarweg 60 1043 NT Amsterdam The Netherlands Tel: +31-20-8208320 E-mail: [email protected] Website: www.profundo.nl Contents Chapter 1 Methodology ..........................................................................................2 1.1 Objective......................................................................................................2 1.2 Definitions ...................................................................................................2 1.3 Research activities......................................................................................2 Chapter 2 Bank profiles..........................................................................................5 2.1 Australia and New Zealand Banking Group (ANZ)....................................5 2.2 Bendigo Bank..............................................................................................7 2.3 Commonwealth Bank..................................................................................8 2.4 mecu ............................................................................................................9 2.5 National Australia Bank ............................................................................10 2.6
    [Show full text]
  • Demand Management and Energy Policy Development: a Case Study of New South Wales
    DEMAND MANAGEMENT AND ENERGY POLICY DEVELOPMENT: A CASE STUDY OF NEW SOUTH WALES A REVIEW AND PROPOSALS FOR THE FUTURE Total Environment Centre Inc www.tec.org.au May 2010 INTRODUCTION AND SUMMARY This brief review examines policy development and political will exists and energy industry and regulator opportunities for demand management (DM) in New myopia about DM has been overcome or South Wales at two levels. It should be noted that overridden. The recommendations can be fashioned key findings have relevance to other states as well for reform of the National Electricity Market (NEM) as Commonwealth action. Rules and also in some circumstances via NSW action. Firstly, on the economic plane in relation to ‘cost effectiveness’. It should be noted there are differing Recommendations interpretations of this concept. This is partly influenced by which economic methodology is 1 Expand the NSW or national Energy Savings applied - traditional or broader economic Scheme to distributors to incorporate peak approaches; and also how economic concepts are demand reduction targets and the surrender of expressed in legislation and used by regulatory certificates with priority for constrained areas. agencies. In some ways ‘cost effectiveness’ is in the 2 Allocate a percentage of utility revenue to DM. eye of the beholder. 3 Require implementation of DM prior to Secondly, while barriers to demand management augmentation of the transmission and distribution have been long acknowledged – and the solutions network systems through explicit terms and to overcoming these increasingly well known – there associated planning and revenue provisions in have been highly influential political issues, the NEM and state government directions.
    [Show full text]
  • Coal Transitions in Australia Preparing for the Looming Domestic Coal Phase-Out and Falling Export Demand
    Coal transitions in Australia Preparing for the looming domestic coal phase-out and falling export demand 2018 Authors Frank Jotzo, Salim Mazouz, John Wiseman Coal transition in Australia Preparing for the looming domestic coal phase-out and falling export demand A project funded by the KR Foundation Authors Jotzo F, Mazouz S, Wiseman J. Cite this report as Jotzo F, Mazouz S, Wiseman J.(2018). Coal transition in Australia. Preparing for the looming domestic coal phase-out and falling export demand. Acknowledgments This report is based on several individual research papers that have been published as working papers or are in preparation. These underlying papers include research by Stephanie Campbell, Paul Burke, Rohan Best and Lars Coenen, in addition to the authors of this report. Support by the Coal Transitions project managed by IDDRI and ClimateStrategies, with funding provided by the KR Foundation, is gratefully acknowledged. Frank Jotzo is at the Australian National University, Salim Mazouz at Natural Capital Economics and the Australian National University, John Wiseman at the University of Melbourne. Contact information Oliver Sartor, IDDRI, [email protected] Andrzej Błachowicz, Climate Strategies, [email protected] Frank Jotzo, Crawford School of Public Policy, ANU, [email protected] Salim Mazouz, Crawford School of Public Policy, ANU, [email protected] John Wiseman, University of Melbourne, [email protected] Copyright © 2018 IDDRI and Climate Strategies IDDRI and Climate Strategies encourage reproduction and communication of their copyrighted materials to the public, with proper credit (bibliographical reference and/or corresponding URL), for personal, corporate or public policy research, or educational purposes.
    [Show full text]