DOCSLIB.ORG

Annual Report 2015

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2015 ANNUAL REPORT 2015 LETTER TO SHAREHOLDERS The Hon. Gladys Berejiklian MP The Hon. Dominic Perrottet MP Treasurer Minister for Finance, Services and Property 52 Martin Place 52 Martin Place SYDNEY NSW 2000 SYDNEY NSW 2000 Dear Shareholders, The Delta Electricity Annual Report is submitted by its Board for the period 1 July 2014 to 30 June 2015 as required under the Annual Report (Statutory Bodies) Act 1984. The Annual Report covers the activities of Delta Electricity for the year and contains the Financial Statements for the period ended 30 June 2015. The Annual Report was prepared in accordance with Section 24A of the State Owned Corporations Act 1989 and the Annual Reports (Statutory Bodies) Act 1984. It is being submitted for presentation to Parliament. Yours faithfully Helen Garnett Greg Everett PSM FTSE FAICD Chief Executive Chair CONTENTS About Delta Electricity 2 Year in Review 4 Key Performance Indicators 6 Operations Report 7 Governance 11 Financial Reports 16 Corporate Office Vales Point Power Station Website de.com.au Level 22, 175 Liverpool Street Vales Road Sydney NSW 2000 Mannering Park NSW 2259 T 02 9285 2700 T 02 4352 6111 (24 hours) 2 About Delta Electricity Delta Electricity Annual Report 2015 OUR MISSION About In 2014/15 our mission was to generate electricity safely, Delta Electricity reliably and competitively while respecting our workmates, 1 customers, community and the environment. OUR PRINCIPAL FUNCTIONS At the end of 2014/15 Delta represented 7% of NSW generating In 2014/15 our principal functions were to: capacity, with sufficient power to supply one million average‐ sized homes across Australia. establish, maintain and operate facilities for the generation of electricity and other forms of energy; WHO WE ARE and Delta Electricity is an electricity generator in Australia’s National supply electricity and other forms of energy. Electricity Market (NEM), with an installed capacity of more than 1,320 megawatts (MW). We operate as a Statutory State Owned OUR OBJECTIVES Corporation under the Energy Services Corporations Act (1995) In carrying out these principal functions, Delta Electricity was and the State Owned Corporations Act (1989), and in guided by the following objectives from the Energy Services accordance with our annual Statement of Corporate Intent. Corporations Act (1995): WHAT WE DO 1. to operate efficient, safe and reliable facilities for the generation of electricity at a competitive cost; In 2014/15 Delta Electricity produced electricity from coal, gas, 2. to be a successful participant in the wholesale market for biomass and water. Our generators produced around 4% of the electricity; electricity needed by consumers in the NEM, which comprises all 3. to contribute to the development of low carbon emission states and territories except Western Australia and the Northern electricity; Territory. Delta Electricity participates in the NEM by trading 4. to promote the use of sustainable energy practices; output from Vales Point Power Station. As a result of the NSW 5. to protect the environment by conducting our operations in Energy Reform process, Delta Electricity’s assets have compliance with NSW environment laws; progressively been offered for sale by the NSW Government. 6. to contribute to regional development and decentralisation OUR LOCATIONS in the way in which we operate; and As at 30 June 2015 Delta operated two power stations in NSW. 7. to improve the skills and work practices of our people to Vales Point is a coal‐fired power station providing a reliable promote and enhance safety, productivity, efficiency and supply of 24‐hour, baseload electricity. Brown Mountain is a job satisfaction. small hydro power station located near Cooma. It is a non‐ scheduled generator, and operates when the opportunity arises. Delta also manages the decommissioned Munmorah Power Station and associated land. 3 Delta Electricity Annual Report 2015 About Delta Electricity LOCATIONS Type Unit Size Total Units Capacity Coal Vales Point 660 MW 2 1,320 MW Gas Colongra 168MW 4 671MW Hydro Brown Mountain 1x 4.3MW and 1 x 2 4.7MW 400KW Total 1,996MW Note: The map shows Delta locations during the 2014/15 financial year. Munmorah was closed in July 2012. Colongra was sold to Snowy Hydro in January 2015. 4 Year in Review Delta Electricity Annual Report 2015 The LRET allows renewable energy generators to create large‐ Year in Review scale generation certificates (LGCs) for every megawatt hour of renewable electricity they produce. Liable entities (generally Chair and Chief electricity retailers) are obligated to purchase certificates and surrender them to the Clean Energy Regulator. The 2 establishment of the revised LRET has removed uncertainty Executive Report surrounding the future of the scheme. In response, the price of LGCs has increased from around $35 in early 2015 to more than During 2014/15 Delta Electricity faced continuing challenges $55 in August 2015. arising from the transformation of Australia’s energy industry in which coal’s market share is diminishing as a result of the rising Current total generation from annual large‐scale renewables is use of renewable energy sources, and demand for electricity around 16,000GWh and an additional 17,000GWh per annum of remaining low after declining in recent years. renewable generation will need to be commissioned to operate in the NEM by 2020 to reach the new target. This new Consequently, for the 2014/15 financial year Delta made an generation exceeds demand growth in AEMO’s medium growth operating loss of $72.5 million before tax excluding financial forecast, exacerbating the excess supply in the NEM. instrument fair value movements, impairment and provisions related to property, plant and equipment and accounting losses Renewable generation operates regardless of market prices and on early debt repayment. The $72.5 million operating loss was a displaces energy supplied by coal and gas‐fired generation. The significant improvement against Delta’s budget, largely due to additional renewable generation expected to be commissioned the sale of Colongra Power Station and a focus on realising over the next five years will place downward pressure on overhead cost savings during the year. wholesale electricity prices and potentially force the closure of more plants. ENERGY REFORM AND THE MARKET Delta currently creates around 26,000 LGCs per annum from the Market Conditions co‐firing of biomass and the recent increase in the price of LGCs Demand for electricity in NSW grew slightly in 2014/15, with has enhanced the value of Delta’s biomass co‐firing activity. total consumption 1.5% higher than 2013/14. This is the first Emissions Reduction Fund time since 2008/09 that demand growth in NSW has been positive. However, growth is not forecast to continue at this The Federal Government has been working with businesses to level. The Australian Energy Market Operator (AEMO) forecasts implement the safeguard mechanism for the Emissions 0.6% demand growth in NSW in the short term with no return to Reduction Fund. historical demand growth levels in its 10‐year forecast period. The proposed safeguard mechanism is to encourage businesses Regulation and Energy Reform not to increase emissions above historical levels. The safeguard Throughout the year, Delta implemented changes to its business mechanism will apply to direct emissions, including direct practices following the repeal of the carbon price by the Federal emissions from energy production, where a facility’s emissions Government. Delta also prepared for legislative changes are above historical thresholds. following the review of the Renewable Energy Target and the Delta Electricity supports setting a limit on emissions based on planned introduction of the safeguard mechanism, the final historical maximum emission levels to recognise the variable element of the Direct Action legislation. annual output of both renewable and conventional generators Carbon Tax due to factors such as weather conditions, portfolio operations and market supply and demand. The Clean Energy Legislation (Carbon Tax Repeal) Act 2014 (the Act) took effect from 1 July 2014. The Act also amended the SALE OF NSW GENERATORS Competition and Consumer Act 2010 (CCA) providing the In May 2012 legislation was passed in the NSW Parliament to sell Australian Competition and Consumer Commission (ACCC) with the State‐owned generators. new powers to ensure that consumers received the benefits of During late 2012 the sales structure and strategy was developed. the repeal. Delta Electricity fully complied with its obligations The sale of Delta’s western assets, Mount Piper and under the amended CCA, to provide the ACCC and electricity Wallerawang power stations, was completed in September supply customers (including all NEM registered market 2013. The sale process for Vales Point and Colongra power customers) with carbon tax removal substantiation statements stations commenced after the subsequent sale of Macquarie that detailed the methods used to pass through cost savings. Generation. Renewable Energy Target The sale of Colongra Power Station to Snowy Hydro was In June 2015, the Senate reduced Australia’s 2020 Large‐scale confirmed in December 2014 and completed on 30 January Renewable Energy Target (LRET) from 41,000 gigawatts hours 2015. Eight employees transferred to Snowy Hydro with the (GWh) to 33,000GWh.1 station’s property, plant, IT and contracts. The sale had no 1. GWh equals 1000 megawatt hours. 5 Delta Electricity Annual Report 2015 Governance impact on Delta’s buffer zones and community access areas as Government’s 2014 Green Globe Awards and was one of 10 only a small footprint of land around the station was sold. projects recognised at the inaugural Energy Productivity in Proceeds from the sale of the Colongra power station were used Action event organised by the NSW Office of Environment and to retire Delta Electricity’s debt, strengthening the State’s Heritage to acknowledge NSW businesses making significant financial position. energy productivity achievements.
Load more

Recommended publications
  • Appendix D: Principal Power Stations in Australia
    D Appendix D––Principal power stations in Australia 1.1 See table on next page 142 BETWEEN A ROCK AND A HARD PLACE Principal Power Stations in Australia State Name Operator Plant Type Primary Fuel Year of Capacity Commissioning (MW) NSW Eraring Eraring Energy Steam Black coal 1982-84 2,640.0 NSW Bayswater Macquarie Generation Steam Black coal 1982-84 2,640.0 NSW Liddell Macquarie Generation Gas turbines Oil products 1988 50.0 Macquarie Generation Steam Black coal 1971-73 2,000.0 NSW Vales Point B Delta Electricity Steam Black coal 1978 1,320.0 NSW Mt Piper Delta Electricity Steam Black coal 1992-93 1,320.0 NSW Wallerawang C Delta Electricity Steam Black coal 1976-80 1,000.0 NSW Munmorah Delta Electricity Steam Black coal 1969 600.0 NSW Shoalhaven Eraring Energy Pump storage Water 1977 240.0 NSW Smithfield Sithe Energies Combined cycle Natural gas 1997 160.0 NSW Redbank National Power Steam Black coal 2001 150.0 NSW Blowering Snowy Hydro Hydro Water 1969 80.0 APPENDIX D––PRINCIPAL POWER STATIONS IN AUSTRALIA 143 NSW Hume NSW Eraring Energy Hydro Water 1957 29.0 NSW Tumut 1 Snowy Hydro Hydro Water 1973 1,500.0 NSW Murray 1 Snowy Hydro Hydro Water 1967 950.0 NSW Murray 2 Snowy Hydro Hydro Water 1969 550.0 NSW Tumut 2 Snowy Hydro Hydro Water 1959 329.6 NSW Tumut 3 Snowy Hydro Hydro Water 1962 286.4 NSW Guthega Snowy Hydro Hydro Water 1955 60.0 VIC Loy Yang A Loy Yang Power Steam Brown coal 1984-87 2,120.0 VIC Hazelwood Hazelwood Power Steam Brown coal 1964-71 1,600.0 Partnership VIC Yallourn W TRU Energy Steam Brown coal 1973-75 1,480.0 1981-82
    [Show full text]
  • NZMT-Energy-Report May 2021.Pdf
    Acknowledgements We would like to thank Monica Richter (World Wide Fund for Nature and the Science Based Targets Initiative), Anna Freeman (Clean Energy Council), and Ben Skinner and Rhys Thomas (Australian Energy Council) for kindly reviewing this report. We value the input from these reviewers but note the report’s findings and analysis are those of ClimateWorks Australia. We also thank the organisations listed for reviewing and providing feedback on information about their climate commitments and actions. This report is part of a series focusing on sectors within the Australian economy. Net Zero Momentum Tracker – an initiative of ClimateWorks Australia with the Monash Sustainable Development Institute – demonstrates progress towards net zero emissions in Australia. It brings together and evaluates climate action commitments made by Australian businesses, governments and other organisations across major sectors. Sector reports from the project to date include: property, banking, superannuation, local government, retail, transport, resources and energy. The companies assessed by the Net Zero Momentum Tracker represent 61 per cent of market capitalisation in the ASX200, and are accountable for 61 per cent of national emissions. Achieving net zero emissions prior to 2050 will be a key element of Australia’s obligations under the Paris Agreement on climate (UNFCCC 2015). The goal of the agreement is to limit global temperature rise to well below 2 degrees Celsius above pre-industrial levels and to strive for 1.5 degrees. 2 Overall, energy sector commitments are insufficient for Australia to achieve a Paris-aligned SUMMARY transition to net zero. Australia’s energy sector This report finds none of the companies assessed are fully aligned with the Paris climate goals, and must accelerate its pace of most fall well short of these.
    [Show full text]
  • Colongra Power Station
    COLONGRA POWER STATION CENTRAL COAST I NEW SOUTH WALES “ SUCCESSFUL COMPLETION OF COLONGRA POWER STATION IS A TESTAMENT TO THE STRONG WORKING RELATIONSHIP BETWEEN DELTA ELECTRICITY AND OUR MAJOR SUPPLIERS ALSTOM AND JEMENA” FROM THE MINISTER It is with great pride that Colongra Power Station Most importantly, this 667MW peaking plant secures the future is declared open today. energy needs of NSW. On very hot days, or very cold days, our homes, offi ces, schools and hospitals will have suffi cient Colongra Power Station is part of the NSW power to operate without disruption. Government’s plan to secure our long term energy future and is the largest gas generation plant This is a major piece of essential state infrastructure that in NSW. has been delivered on-time and on-budget thanks to a lot of hard work. It forms part of the Government’s strategy to move away from emissions intensive technologies to more sustainable fuel sources. Congratulations to all the workers involved in this project, and In fact, Colongra Power Station will produce 40% less emissions to the community that has supported the development of this than an equivalent coal fi red plant. important piece of infrastructure. Hundreds of people worked on the Colongra project including The Honourable John Robertson MLC many local businesses and the NSW Government is proud to Minister for Energy support jobs across NSW with projects like this one. FROM THE CHAIRMAN With the opening of Colongra Power Station today, Colongra Power Station has been constructed using the most “ WITH THE OPENING OF Delta Electricity becomes the largest electricity innovative gas electricity generation methods and equipment.
    [Show full text]
  • Managing Our Energy Transition
    Managing our energy transition Keynote speaker: The Hon. Matt Kean MP, NSW Minister for Energy and Environment Friday, 7 June 2019, 12.00pm to 2.00pm Shangri-La Hotel, Sydney MAJOR SPONSORS www.ceda.com.au agenda 11.30am Registrations 12.00pm Welcome Lee Kelly State Director NSW/ACT, CEDA 12.05pm Introduction Andrew Mansour Partner, Sector Leader, Power & Utilities, Allens 12.10pm Keynote address The Hon. Matt Kean MP NSW Minister for Energy and Environment 12.22pm Lunch 12.55pm Introduction Andrew Mansour Partner, Sector Leader, Power & Utilities, Allens 1.00pm Paul Italiano Chief Executive Officer TransGrid 1.20pm Rosemary Sinclair AM Chief Executive Officer Energy Consumers Australia 1.40pm Q&A session 1.55pm Vote of thanks Bernard Norton Head of Power Grids, ABB Australia 2.00pm Close . sponsor Major Sponsor ABB Australia ABB is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. ABB operates in more than 100 countries with about 136,000 employees. With more than four decades at the forefront of digital technologies, we are a leader in digitally connected and enabled industrial equipment and systems, with an installed base of more than 70,000 control systems connecting 70 million devices. We start with the best people, engineering expertise and over a century of knowledge and know-how of electrification and process control in mines. Our team then provides integrated products, services and solutions to help mining and mineral processing customers optimize their power and productivity resulting in increased availability and lower lifetime investment costs.
    [Show full text]
  • ERC0274-Mandatory PFR Final Determination EMBARGOED
    Australian Energy Market Commission RULE DETERMINATION RULE NATIONAL ELECTRICITY AMENDMENT (MANDATORY PRIMARY FREQUENCY RESPONSE) RULE 2020 PROPONENTS AEMO Dr. Peter Sokolowski 26 MARCH 2020 Australian Energy Rule determination Market Commission Mandatory PFR 26 March 2020 INQUIRIES Australian Energy Market Commission PO Box A2449 Sydney South NSW 1235 E [email protected] T (02) 8296 7800 F (02) 8296 7899 Reference: ERC0274 CITATION AEMC, Mandatory primary frequency response, Rule determination, 26 March 2020 ABOUT THE AEMC The AEMC reports to the Council of Australian Governments (COAG) through the COAG Energy Council. We have two functions. We make and amend the national electricity, gas and energy retail rules and conduct independent reviews for the COAG Energy Council. This work is copyright. The Copyright Act 1968 permits fair dealing for study, research, news reporting, criticism and review. Selected passages, tables or diagrams may be reproduced for such purposes provided acknowledgement of the source is included. Australian Energy Rule determination Market Commission Mandatory PFR 26 March 2020 EXECUTIVE SUMMARY 1 The Australian Energy Market Commission (AEMC or Commission) has made a more preferable final rule to require all scheduled and semi-scheduled generators in the National Electricity Market (NEM) to support the secure operation of the power system by responding automatically to changes in power system frequency. An increase in the provision of primary frequency response (PFR) from generators will improve the security of the national electricity system for the benefits of consumers and will give the Australian Energy Market Operator (AEMO) greater confidence that it is maintaining the power system in a secure operating state.
    [Show full text]
  • New South Wales Auditor-General's Report Financial Audit Volume Four
    New South Wales Auditor-General’s Report | Financial | Focusing Audit on Four | Volume Electricity 2012 New South Wales Auditor-General’s Report Financial Audit Volume Four 2012 Focusing on Electricity Professional people with purpose Making the people of New South Wales proud of the work we do. Level 15, 1 Margaret Street Sydney NSW 2000 Australia t +61 2 9275 7100 f +61 2 9275 7200 e [email protected] office hours 8.30 am–5.00 pm audit.nsw.gov.au The role of the Auditor-General GPO Box 12 The roles and responsibilities of the Auditor- Sydney NSW 2001 General, and hence the Audit Office, are set out in the Public Finance and Audit Act 1983. Our major responsibility is to conduct financial or ‘attest’ audits of State public The Legislative Assembly The Legislative Council sector agencies’ financial statements. Parliament House Parliament House Sydney NSW 2000 Sydney NSW 2000 We also audit the Total State Sector Accounts, a consolidation of all agencies’ accounts. Pursuant to the Public Finance and Audit Act 1983, Financial audits are designed to add credibility I present Volume Four of my 2012 report. to financial statements, enhancing their value to end-users. Also, the existence of such audits provides a constant stimulus to agencies to ensure sound financial management. Peter Achterstraat Auditor-General Following a financial audit the Office issues 7 November 2012 a variety of reports to agencies and reports periodically to parliament. In combination these reports give opinions on the truth and fairness of financial statements, and comment on agency compliance with certain laws, regulations and Government directives.
    [Show full text]
  • Annual Report 2019 ABOUT EWOV
    Annual Report 2019 ABOUT EWOV Our purpose Our goal Our values Accessible, fair, To independently and To be a fair, impartial Independence, independent efficiently resolve and highly respected access, equity, quality, disputes between dispute resolution effectiveness, efficiency, customers and energy service community awareness, and efficient and water companies in linkages Victoria and reduce their dispute occurrence resolution Cynthia Gebert In our report Energy and Water Ombudsman (Victoria) ABOUT EWOV 1 EWOV acknowledges the Traditional ‘’… we take account of relevant industry codes, good industry Owners of country on which we operate 2018-19 SNAPSHOTS 2 throughout Victoria and recognises their practice and the law, to reach fair and reasonable outcomes ...’’ GOVERNANCE 4 continuing connection to land, waters and culture. We pay our respects to FROM THE OMBUDSMAN 6 Elders past, present and emerging. OUR PERFORMANCE 10 Energy and Water Ombudsman (Victoria) (EWOV) was set EWOV can deal with most issues that arise between CASEWORK AND PROCESS 18 REPORTING RESPONSIBILITIES up in late 1995 as Australia’s first electricity Ombudsman. energy and water customers and companies. Billing is ISSUES AND TRENDS 26 Our Annual Report is prepared and The EWOV dispute resolution scheme opened to full the largest area of complaint, making up 44% of our BILLING 29 distributed in accordance with the operation in May 1996. EWOV’s jurisdiction has since caseload in 2018-19. We also deal with complaints Ombudsman’s responsibilities under expanded to natural gas (1999), water (2001), liquefied about service connection and supply, affordability, CREDIT 32 the EWOV Charter and the Benchmarks petroleum gas (LPG) (2005) and, most recently, to energy disconnection, water restriction, energy PROVISION 36 for Industry-Based Customer Dispute embedded networks (2018).
    [Show full text]
  • The Energy Conversation Fact Sheet 1 May 2013
    The energy conversation FACT SHEET 1 May 2013 The electricity that you NEM Annual energy production by fuel type – % use in your home comes Liquid Fuel 370 GWh from a number of different Other 0.2% 1036 GWh Natural Gas 0.5% energy sources. 23664 GWh 11.6% In Australia, most of our power comes from Hydro Brown Coal 13182 GWh fossil fuels such as coal, gas and oil but the 55084 GWh 6.5% energy mix also includes renewable (clean) 27.0% energy such as wind and solar power. Government policies play an important role in shaping the energy market, and can affect both the pace of energy demand Black Coal 104293 GWh growth and the type of energy used. 51.2% Most of Australia’s electricity is Wind produced using coal. This is because 6055 GWh coal is a relatively low cost energy source 3.0% Source: AEMO, ESOO 2012 in Australia and there are a lot of coal www.aemo.com.au/Electricity/ Planning/Electricity-Statement- reserves in the east where the majority of of-Opportunities electricity is generated and used. Gas is Australia’s third largest energy INTERESTinG FACT source for electricity generation. As our population increases, it is The International Energy Agency has warned: becoming more and more important that for every $1 of clean energy investment delayed this we have a secure, reliable, clean and decade, another $4.30 would need to be spent after competitively priced energy supply, to 2020, to achieve the cuts in carbon pollution that are meet the growing demand.
    [Show full text]
  • Facilitating the Adoption of Biomass Co-Firing for Power Generation
    Facilitating the Adoption of Biomass Co-firing for Power Generation RIRDC Publication No. 11/068 RIRDCInnovation for rural Australia Facilitating the Adoption of Biomass Co-firing for Power Generation By Gerard McEvilly, Srian Abeysuriya, Stuart Dix August 2011 RIRDC Publication No. 11/068 RIRDC Project No. PRJ-005321 © 2011 Rural Industries Research and Development Corporation. All rights reserved. ISBN 978-1-74254-252-2 ISSN 1440-6845 Facilitating the Adoption of Biomass Co-firing For Power Generation Publication No. 11/068 Project No. PRJ-005321 The information contained in this publication is intended for general use to assist public knowledge and discussion and to help improve the development of sustainable regions. You must not rely on any information contained in this publication without taking specialist advice relevant to your particular circumstances. While reasonable care has been taken in preparing this publication to ensure that information is true and correct, the Commonwealth of Australia gives no assurance as to the accuracy of any information in this publication. The Commonwealth of Australia, the Rural Industries Research and Development Corporation (RIRDC), the authors or contributors expressly disclaim, to the maximum extent permitted by law, all responsibility and liability to any person, arising directly or indirectly from any act or omission, or for any consequences of any such act or omission, made in reliance on the contents of this publication, whether or not caused by any negligence on the part of the Commonwealth of Australia, RIRDC, the authors or contributors. The Commonwealth of Australia does not necessarily endorse the views in this publication. This publication is copyright.
    [Show full text]
  • Compliance and Performance Report 2013-14 September 2014
    COMPLIANCE AND PERFORMANCE REPORT 2013-14 SEPTEMBER 2014 HUNTER WATER Version 1.0 – August 2014 Address: 36 Honeysuckle Drive, Newcastle NSW 2300 Telephone: 1300 657 657 Fax: 02 4949 9414 TTY: 13 1450 Website: www.hunterwater.com.au © Hunter Water Corporation August 2014 ISSN: 1836-3253 ABN: 46228513446 Disclaimer Hunter Water makes every effort to ensure the accuracy of the information provided. However, Hunter Water accepts no responsibility for incorrect information and encourages the public to contact us directly for verification. TABLE OF CONTENTS Executive Summary ................................................................................................................................. 7 1 Introduction ...................................................................................................................................... 9 2 Water Quality .................................................................................................................................. 11 2.1 Introduction ............................................................................................................................... 11 2.2 Drinking Water .......................................................................................................................... 11 2.2.1 Overview of Drinking Water Supply Systems ................................................................. 11 2.2.2 Water Supply Systems and Performance at Critical Control Points ................................ 12 2.2.3 Verification Monitoring .................................................................................................
    [Show full text]
  • Energy Policy of Australia 1 Energy Policy of Australia
    Energy policy of Australia 1 Energy policy of Australia The energy policy of Australia is subject to regulation and fiscal influence of the three levels of Government in Australia, however State and Federal energy policy deals with primary industries, such as coal. Federal energy policies continue to support the coal mining and natural gas industries through subsidies for fossil fuel use and production as these industries export and significantly contribute to the earnings of foreign exchange and government revenues. Australia is one of the most coal-dependent countries in the world.[1] Coal and natural gas, along with oil based products, are currently the primary sources of Australian energy usage, despite the fact that the coal industry produces approximately 38% of Australia's total greenhouse gas emissions. Federal policy is beginning to change with the publication of the Garnaut report and Carbon Pollution Reduction Scheme White Paper, announcement of an Emissions Trading Scheme to commence in 2010 and announcement of a national mandatory renewable energy target of 20% share of electricity supply in Australia by 2020.[2] State energy policies such as Mandatory Renewable Energy Targets ensure that renewable energy contributes a greater percentage of the countries energy supply. Due to Australia's reliance on coal and gas for energy, in 2000 the country was the highest emitter of greenhouse gases per capita in the developed world, irrespective of whether or not emissions from land clearing were included.[3] It is also one of the countries most at risk from climate change according to the Stern report. Renewable energy commercialisation in Australia is an area of relatively minor activity compared to the fossil fuels industry.
    [Show full text]
  • Delta Electricity
    contact details Corporate office Level 12 Darling Park 201 Sussex Street Sydney NSW 2000 Telephone 02 9285 2700 Facsimile 02 9285 2777 Office Hours 8.30am – 5.00pm Mt Piper power station 350 Boulder Road Portland NSW 2847 Telephone 02 6354 8111 Facsimile 02 6354 8112 Office Hours 7.45am – 4.00pm Munmorah power station Scenic Drive Doyalson NSW 2262 Telephone 02 4390 1611 Facsimile 02 4390 1642 Office Hours 7.45am – 4.00pm Vales Point power station Vales Road 08annual report Mannering Park NSW 2259 ’ Telephone 02 4352 6111 Facsimile 02 4352 6007 Office Hours 7.45am – 4.00pm Delta Electricity Wallerawang power station 1 Main Street DELTA Wallerawang NSW 2845 Telephone 02 6352 8611 E Facsimile 02 6352 8847 LECTRICITY Office Hours 7.45am – 4.00pm Delta Maintenance Munmorah Power Station Scenic Drive A Doyalson NSW 2262 NN Telephone 02 4390 1606 UA Facsimile 02 4390 1642 L RE Office Hours 7.45am – 4.00pm port Website http://www.de.com.au 2008 Community information line 1800 115 277 ISSN 1327-6557 Front Cover: Sugar cane growing The Hon. Eric Roozendaal, MLC in the sub-tropical north coast of Treasurer New South Wales. Sugar cane is Level 36 Governor Macquarie Tower considered to be carbon dioxide 1 Farrer Place Sydney NSW 2000 neutral, meaning CO emissions 2 The Hon. Joseph Tripodi, MP from the crop and those produced Minister for Finance, Minister for Infrastructure, during milling and energy generation Minister for Regulatory Reform, and Minister operations are balanced by CO 2 for Ports and Waterways accumulation by the crop.
    [Show full text]