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Energy 2020 (Report 11: 2020–21)
FINANCIAL AUDIT REPORT 4 February 2021 Energy 2020 Report 11: 2020–21 • Queensland • • Audit Office Better public services As the independent auditor of the Queensland public sector, including local governments, the Queensland Audit Office: • provides professional audit services, which include our audit opinions on the accuracy and reliability of the financial statements of public sector entities • provides entities with insights on their financial performance, risk, and internal controls; and on the efficiency, effectiveness, and economy of public service delivery • produces reports to parliament on the results of our audit work, and on our insights, advice, and recommendations for improvement • conducts investigations into claims of financial waste and mismanagement raised by elected members, state and local government employees, and the public • shares wider learnings and best practice from our work with state and local government entities, our professional networks, industry, and peers. We conduct all our audits and reports to parliament under the Auditor-General Act 2009 (the Act). Our work complies with the Auditor-General Auditing Standards and the Australian standards relevant to assurance engagements. • Financial audit reports summarise the results of our audits of over 400 state and local government entities. • Performance audit reports cover our evaluation of some, or all, of the entities’ efficiency, effectiveness, and economy in providing public services. Depending on the level of assurance we can provide, these reports may also take the form of: • Audit insights, which provide some evaluation and share our insights or learnings from our audit work across government • Audit briefs, which set out key facts, involve some evaluation, and may include findings and recommendations • Audit overviews, which help clients and stakeholders understand complex issues and subjects. -
Ensuring Reliable Electricity Supply in Victoria to 2028: Suggested Policy Changes
Ensuring reliable electricity supply in Victoria to 2028: suggested policy changes Associate Professor Bruce Mountain and Dr Steven Percy November 2019 All material in this document, except as identified below, is licensed under the Creative Commons Attribution-Non- Commercial 4.0 International Licence. Material not licensed under the Creative Commons licence: • Victoria Energy Policy Centre logo • Victoria University logo • All photographs, graphics and figures. All content not licenced under the Creative Commons licence is all rights reserved. Permission must be sought from the copyright owner to use this material. Disclaimer: The Victoria Energy Policy Centre and Victoria University advise that the information contained in this publication comprises general statements based on scientific research. The reader is advised and needs to be aware that such information may be incomplete or unable to be used in any specific situation. No eliancer or actions must therefore be made on that information without seeking prior expert professional, scientific and technical advice. To the extent permitted by law, the Victoria Energy Policy Centre and Victoria University (including its employees and consultants) exclude all liability to any person for any consequences, including but not limited to all losses, damages, costs, expenses and any other compensation, arising directly or indirectly from using this publication (in part or in whole) and any information or material contained in it. Publisher: Victoria Energy Policy Centre, Victoria University, Melbourne, Australia. ISBN: 978-1-86272-810-3 November 2019 Citation: Mountain, B. R., and Percy, S. (2019). Ensuring reliable electricity supply in Victoria to 2028: suggested policy changes. Victoria Energy Policy Centre, Victoria University, Melbourne, Australia. -
Maintaining Reliability of Supply in the Tarong and Chinchilla Local Areas
Powerlink Queensland Project Specification Consultation Report: Maintaining reliability of supply in the Tarong and Chinchilla local areas Powerlink Queensland Project Specification Consultation Report 24 August 2021 Maintaining reliability of supply in the Tarong and Chinchilla local areas Disclaimer While care was taken in preparation of the information in this document, and it is provided in good faith, Powerlink accepts no responsibility or liability (including without limitation, liability to any person by reason of negligence or negligent misstatement) for any loss or damage that may be incurred by any person acting in reliance on this information or assumptions drawn from it, except to the extent that liability under any applicable Queensland or Commonwealth of Australia statute cannot be excluded. Powerlink makes no representation or warranty as to the accuracy, reliability, completeness or suitability for particular purposes, of the information in this document. Page 0 Powerlink Queensland Project Specification Consultation Report: Maintaining reliability of supply in the Tarong and Chinchilla local areas Document purpose For the benefit of those not familiar with the National Electricity Rules (the Rules) and the National Electricity Market (NEM), Powerlink offers the following clarifications on the purpose and intent of this document: 1. The Rules require Powerlink to carry out forward planning to identify future reliability of supply requirements1 and consult with interested parties on the proposed solution as part of the Regulatory Investment Test for Transmission (RIT-T). This includes replacement of network assets in addition to augmentations of the transmission network. More information on the RIT-T process and how it is applied to ensure that safe, reliable and cost effective solutions are implemented to deliver better outcomes to customers is available on Powerlink’s website. -
Flicking the Switch on Peak Days Could It Really Change Australia’S Energy Future?
ISSUE 105 | APRIL 18 OFFICIALLY ENDORSED BY THE CLEAN ENERGY COUNCIL Flicking the switch on peak days Could it really change Australia’s energy future? Solar radiation kWh/m2/day LEGEND Place name 6.50 - 6.75 5.50 - 5.75 4.25 - 4.50 Solar Storage 6.25 - 6.50 5.25 - 5.50 4.00 - 4.25 1 Commissioned 1 Commissioned 241 6.00 - 6.25 5.00 - 5.25 3.75 - 4.00 1 Under construction 1 Under construction 5.75 - 6.00 4.50 - 5.00 2.75 - 3.75 1 Project 1 Project DARWIN 19 16 23 47 24 FRONIUS ENERGY PACKAGE 24 HOURS OF SUN Solar Map of www.fronius.com.au Australia 2018 22 239 The Solar Map 2018 represents major solar projects across Australia of 1MW or greater that are planned, under construction or were commissioned 45 before February 2018. 243 104 The New CBI Source data courtesy of Sustainable Energy Research Analytics, Sydney | ph: (02) 8067 8468, email: [email protected] Battery Storage Compiled and published by Paragon Media Pty Ltd | ph: (02) 9439 1955, email: [email protected] Visit ecogeneration.com.au for the latest news on Australian solar projects. MCB Range. For additional copies of this map, visit the EcoGeneration online shop at ecogeneration.com.au/shop and for advertising enquiries email [email protected] 109 106 This map is a schematic representation only. It does not show exact project locations. Cairns Up to 250 A 80 Vdc Circuit Breakers & Enclosure 65 » 1800 770 870 » www.cbi-electric.com.au Broome 244 74 57 91 NORTHERN TERRITORY 116 49 Townsville Commissioned: 12MW solar 50 86 Under construction: zero 70 52 -
Statement of Corporate Intent 2011/2012 for Parliamentary Tabling
Statement of Corporate Intent 2011/2012 For Parliamentary tabling Prepared by the Directors and Management of CS Energy Ltd (ABN 54 078 848 745) for shareholding Ministers: Rachel Nolan MP Minister for Finance, Natural Resources and The Arts and Stephen Robertson MP Minister for Energy and Water Utilities This document contains highly confidential material relating to the business affairs of CS Energy Limited. The Right to Information Act 2009 only applies to CS Energy Limited in respect to its community services obligations. Any unauthorised disclosure of material contained in this statement may diminish the commercial value of that information and would have an adverse effect on the business, commercial and financial affairs of CS Energy Limited. Contents 1 Scope/policy position ................................................................................................ 2 1.1 Main undertakings.............................................................................................................................. 2 1.2 Corporate and operational objectives ............................................................................................. 3 1.3 Corporate and operational strategies .............................................................................................. 3 1.4 Corporate and operational performance outcomes ....................................................................... 4 1.5 Performance drivers ......................................................................................................................... -
2014-15 Annual Report
ANNUAL REPORT 2014/15 DIVERSIFIED ENERGY ABOUT ABOUT THIS REPORT STANWELL This report provides an overview of the major initiatives Stanwell is a diversified energy business. and achievements of Stanwell Corporation Limited We own coal, gas and water assets, which we (Stanwell) as well as the business’ financial and use to generate electricity; we sell electricity non-financial performance for the 12 months ended directly to business customers; and we trade 30 June 2015. gas, coal and electricity products. Each year, we document the nature and scope of our strategies, objectives and actions in our Statement of With a generating capacity of more than 4,000 megawatts (MW), Stanwell is the largest Corporate Intent. The Statement of Corporate Intent electricity generator in Queensland. We have the represents our performance agreement with our capacity to supply approximately 45 per cent of shareholding Ministers. Our performance against our the State’s peak electricity requirements through 2014/15 Statement of Corporate Intent is summarised our coal, gas and hydro generation assets. on pages 3 to 19. We are a proud generator of environmentally- Electronic versions of this and previous years’ reports responsible energy. Through our portfolio of hydro are available online at www.stanwell.com or from power stations, we generate more than 150 MW Stanwell’s Stakeholder Engagement team on of clean energy. We also operate two of Australia’s 1800 300 351. most efficient coal-fired power stations: the supercritical 443 MW Tarong North Power Station and the sub-critical 1,460 MW Stanwell Power Station. We have undertaken a number of initiatives to optimise the efficiency of our coal-fired plant and reduce emissions. -
Capital Program 2020 Update Copyright Disclaimer This Publication Is Protected by the Copyright Act 1968
Capital Program 2020 update Copyright Disclaimer This publication is protected by the Copyright Act 1968. While every care has been taken in preparing this publication, to the extent permitted by law, the State of Queensland accepts Licence no responsibility and disclaims all liability (including without limitation, liability in negligence) for all expenses, losses This work, except as identified below, is (including direct and indirect loss), damages and costs incurred licensed by Queensland Treasury under a as a result of decisions or actions taken as a result of any data, Creative Commons Attribution-No Derivative information, statement or advice, expressed or implied, contained Works (CC BY-ND) 4.0 Australia licence. To view a copy of this within. To the best of our knowledge, the content was correct at the licence, visit: http://creativecommons.org.au/ time of publishing. You are free to copy and communicate this publication, Copies of this publication are available on our website at as long as you attribute it as follows: www.treasury.qld.gov.au and further copies are available © State of Queensland, Queensland Treasury, August 2020 upon request to: Third party material that is not licensed under a Creative Commons Queensland Treasury licence is referenced within this publication. All content not PO Box 15009, City East, QLD 4000 licensed under a Creative Commons licence is all rights reserved. Please contact Queensland Treasury / the copyright owner if you Phone: 13 QGOV (13 7468) wish to use this material. Email: [email protected] Web: www.treasury.qld.gov.au The Queensland Government is committed to providing accessible services to Queenslanders of all cultural and linguistic backgrounds. -
2021 Full-Year Result
12 August 2021 Results Highlights and Business Update Financial Overview 1 Graeme Hunt, Managing Director and Chief 4 Damien Nicks, Chief Financial Officer Executive Officer Customer Markets Outlook 2 Christine Corbett, Chief Customer Officer 5 Graeme Hunt, Managing Director and Chief Executive Officer Integrated Energy Q&A 3 Markus Brokhof, Chief Operating Officer 6 • Market/operating headwinds as forecast: wholesale electricity prices and margin pressures in gas impacted earnings RESULTS • Underlying EBITDA down 18% to $1,666 million; Underlying NPAT down 34% to $537 million SUMMARY • Final ordinary dividend of 34 cents per share (fully underwritten), total dividend for the 2021 year of 75 cents, including special dividend of 10 cents • Strong customer growth: Customer services grew by 254k with continued organic growth and Click acquisition STRATEGY • Key acquisitions announced in FY21: Click, Epho, Solgen, Tilt (via PowAR) and OVO Energy Australia EXECUTION • 850 MW battery development pipeline progressing well, with FID reached on a 250 MW, grid-scale battery at Torrens Island • Shareholders granted the opportunity to vote on climate reporting at Accel Energy’s and AGL Australia’s first AGMs • Guidance for EBITDA of $1,200 to $1,400 million, subject to ongoing uncertainty, trading conditions OUTLOOK AND • Guidance for Underlying Profit after tax of $220 to $340 million, subject to ongoing uncertainty, trading conditions FY22 GUIDANCE • Operating headwinds continue into FY22: Roll off of hedging established at higher prices and non-recurrence -
Queensland State Budget 2014-15
State Budget 2014-15 State Budget 2014-15 Capital Statement Budget Paper No.3 Budget Paper Capital Statement Budget Paper No.3 State Budget 2014-15 State Budget 2014–15 Capital Statement Budget Paper No.3 www.budget.qld.gov.au Great state. Great opportunity. 2014–15 State Budget Papers 1. Budget Speech 2. Budget Strategy and Outlook 3. Capital Statement 4. Budget Measures 5. Service Delivery Statements Appropriation Bills Concessions Statement The suite of Budget Papers is similar to that published in 2013-14. The Budget Papers are available online at www.budget.qld.gov.au © Crown copyright All rights reserved Queensland Government 2014 Excerpts from this publication may be reproduced, with appropriate acknowledgement, as permitted under the Copyright Act. Capital Statement Budget Paper No.3 ISSN 1445-4890 (Print) ISSN 1445-4904 (Online) State Budget 2014–15 Capital Statement Budget Paper No.3 www.budget.qld.gov.au STATE BUDGET 2014-15 CAPITAL STATEMENT Budget Paper No. 3 TABLE OF CONTENTS 1. Overview 1 Introduction ................................................................................... 2 Capital Purchases ......................................................................... 2 Capital Grants ............................................................................... 7 2. State Capital Program - Planning and Priorities ..................... 10 Introduction ................................................................................. 10 Capital Planning ......................................................................... -
ANNUAL REPORT 2013/14 About This Report About Stanwell
ANNUAL REPORT 2013/14 About this report About Stanwell This report provides an overview of the major Stanwell is a diversified energy business. initiatives and achievements of Stanwell We own coal, gas and water assets, which Corporation Limited (Stanwell) as well as the we use to generate electricity; we sell business’ financial and non-financial performance electricity directly to business customers; for the 12 months ended 30 June 2014. and we trade gas and coal. Each year, we document the nature and scope With a generating capacity of approximately of our strategies, objectives and actions in our 4,200 megawatts, Stanwell is the largest Statement of Corporate Intent. The Statement electricity generator in Queensland. of Corporate Intent represents our performance We have the capacity to supply more agreement with our shareholding Ministers. than 45 per cent of the State’s peak Our performance against our 2013/14 Statement electricity requirements through our of Corporate Intent is summarised on page 5 coal, gas and hydro generation assets. and pages 8 to 15. As at 30 June 2014, we employed Electronic versions of this and previous years’ 710 people at our sites and offices. reports are available online at www.stanwell.com or from Stanwell’s Stakeholder Engagement team on 1800 300 351. Our mission Stanwell contributes to Queensland's prosperity through the safe and responsible provision of energy and commercial returns from business operations. TABLE OF CONTENTS Our values About Stanwell Our values – Safe, Responsible and Commercial – shape how we lead and Report from the Board 2 operate our business. Chief Executive Officer’s review 3 Together, they guide how we think, make Performance indicators 5 decisions and act on a day-to-day basis at Stanwell. -
CS Energy Welcomes Callide Mine Sale Announcement
Monday, 31 October 2016 CS Energy welcomes Callide Mine sale announcement CS Energy welcomes the announcement that Anglo American’s sale of the Callide Mine to Batchfire Resources was completed today. CS Energy’s Callide Power Station is the major customer of the Callide Mine as it is the sole, economic source of coal for the power station. CS Energy Chief Executive Officer Martin Moore said Batchfire’s acquisition of the mine provides ongoing stability and certainty for the operations at the Callide Power Station. “The Callide Power Station is an important asset in CS Energy’s portfolio and a key part of the Queensland electricity supply chain,” Mr Moore said. “Maintaining a reliable supply of coal is essential for the ongoing operations of the power station. “CS Energy has negotiated with Batchfire amended terms to the current Coal Supply Agreements (CSAs) for the supply of coal to the Callide Power Station,” he said. Mr Moore said that the announcement provides increased certainty for the Callide Power Station’s employees and the local Biloela community. CS Energy owns and operates the Callide B Power Station, and has a 50 percent interest in the Callide C Power Station. ENDS Media enquiries CS Energy Media Line 07 3854 7399 About CS Energy CS Energy is a Queensland energy company that has more than 400 employees, operates three power stations and has a trading portfolio of 4,035 megawatts. CS Energy operates the 1,510 megawatt Callide Power Station near Biloela in Central Queensland, the 750 megawatt coal-fired Kogan Creek Power Station, near Chinchilla in South West Queensland and the 500 megawatt pumped storage hydroelectric Wivenhoe Power Station, near Esk in South East Queensland. -
Central Queensland Energy Futures Summit REPORT
Central Queensland Energy Futures Summit REPORT May 2021 This report collates the outcomes of the Central Queensland Energy Futures Summit and uses original notes generated by participants from the workshops, it does not reflect the official policy positions of Government or organisations represented at the Summit. Acknowledgements The findings presented in this report were collated from the Central Queensland Energy Futures Summit delivered by The Next Economy on the 21–22 April, 2021. The facilitation team included: Dr Amanda Cahill (The Next Economy), Dr Emma Whittlesea (The Next Economy), Emma-Kate Rose (The Next Economy), Jai Allison (University of Newcastle), Warrick Jordan (Hunter Jobs Alliance) and Luke Reade (Energetic Communities). Special thanks to Alison Murdoch and Allison Holt at CQUniversity for their help with the event management. This report was prepared by Dr Emma Whittlesea, The Next Economy. Report design and layout by Sharon France, Looking Glass Press Pty Ltd. How to cite this report: Whittlesea, E. (2021). Central Queensland Energy Futures Summit Report. A report prepared by The Next Economy, Australia. Central Queensland Energy Futures Summit Report Contents Summary 1 Key Messages 3 Priority Action Areas 4 Introduction 5 Who attended? 6 Summit Program 8 Keynote Speakers and Panel Discussions 10 Workshop Findings 13 Ensuring a Secure and Stable Energy System 14 Developing a Green Hydrogen Future 18 Diversifying the Regional Economy Beyond Energy 24 Workforce Support and Development 28 Land and Water Management