Tag: Electricity

Australian businesses spent $75.4 billion on energy during 2008-09, according to figures released today by the Australian Bureau of Statistics (ABS).

The new financial year will see a dramatic price hike in the electricity bills of all Queensland businesses, with a 13.29 percent increase in electricity costs.

Western Power’s operational plan for 2009-2010 will only be finalised in 2010-2011, giving rise to fears of blackouts in Western Australia.

Smart Grid, Smart City – Australia’s first commercial-scale smart grid will be based in Newcastle, New South Wales, at a cost of $100 million to taxpayers.

The ACCC has rejected a NSW Government proposal that would require the State owned electricity Generators and the future acquirers of Gentrader bundles to co-insure against outages.

The Independent Pricing and Regulatory Tribunal (IPART), New South Wales’ pricing regulator has committed the state to significant increases in electricity prices despite Kevin Rudd pushing back an emissions trading scheme (ETS) until 2013.

The Queensland Resources Council (QRC) claims it will cost $1 billion to construct transmission lines linking Mount Isa to Townsville, but will create 1,800 jobs in the region.

In a draft decision the Australian Competition and Consumer Commission (ACCC) has come out against rules proposed for electricity traders after privatisation of NSW’s electricity network.

Martin Ferguson, the federal Minister for Resources, Energy and Tourism has held Australians to ransom with threats of electricity network failures unless almost $100 billion is spent on the ailing infrastructure.

The Independent Pricing and Regulatory Tribunal (IPART), New South Wales pricing regulator has confirmed a 64 percent increase in electricity prices for NSW.