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 rising wholesale electricity
abbott hurt renewables

The Canberra Times' editorial of March 29 (page 14) identified the primary reason for the increase in ACT's electricity price as rising wholesale electricity prices.These were responsible for 76 per cent of the price increase.The editorial also mentioned that renewable energy costs were responsible for a minor part of the increase (11 per cent).Left unmentioned was the role of the Abbott government in causing this renewable cost increase.For many years, renewable energy certificates were trading around $35 per certificate. To some extent, this price reflected the cost premium of renewable energy relative to the wholesale price of electricity.The value of renewable certificates plummeted to $20 when the Abbott government attempted to axe the renewable energy target, which could potentially

average act electricity bill to rise by $191 per year under draft ruling from ic

Electricity bills for the average Canberra household are set to rise by about $3.70 per week from July 1, under a draft determination by the ACT Independent Competition and Regulatory Commission (ICRC).Power prices are likely to increase by 10.9 per cent, although possibly more, following recommendations by the independent regulator.
The ACT's retail electricity prices are likely to rise. Photo: AFRSenior Commissioner Joe Dimasi said for the average household using about 8,000 kWh per year, it would mean an electricity bill increase of about $191.However sustainability minister Shane Rattenbury said Canberrans would still pay on average $800 less than Queanbeyan residents despite the proposed increase."Despite the proposed increase, the ACT will continue to have some of the lowest electr

wholesale power prices have doubled since the carbon tax was axed

A growing crisis in the electricity market has led to wholesale power prices more than doubling in a year - and rising to at least twice what they were under the much-maligned carbon price.An analysis by the University of Melbourne's Climate and Energy College, produced for the Greens, found the average wholesale electricity price soared to $134 a megawatt hour in the summer just finished, compared with $65-$67 in the two summers the carbon price was in place.Frog 'slowly devours' deadly snakeVideo duration00:56Previous slideNext slideVideo duration00:58Australia's fossil-fueled summerAustralia's fossil-fueled summerEastern Australia experience an unprecedented heat wave this summer as evidence linking climate change with burning fossil fuels grows ever stronger. Courtesy ABC News24. Frog

wholesale power prices have doubled since the carbon tax was axed

A growing crisis in the electricity market has led to wholesale power prices more than doubling in a year - and rising to at least twice what they were under the much-maligned carbon price.An analysis by the University of Melbourne's Climate and Energy College, produced for the Greens, found the average wholesale electricity price soared to $134 a megawatt hour in the summer just finished, compared with $65-$67 in the two summers the carbon price was in place.Frog 'slowly devours' deadly snakeVideo duration00:56Previous slideNext slideVideo duration00:58Australia's fossil-fueled summerAustralia's fossil-fueled summerEastern Australia experience an unprecedented heat wave this summer as evidence linking climate change with burning fossil fuels grows ever stronger. Courtesy ABC News24. Frog

actewagl announces 'sharp increase' in gas and electricity prices

Sharp increases in the price of gas and electricity are set to sting Canberra households hundreds of dollars per year.On Wednesday the ACT Independent Competition and Regulatory Commission announced that average retail electricity prices would rise by almost 20 per cent from July 1 2017.
ACT consumers face a sharp rise in the price of gas and electricity. Photo: Michelle LowingsSenior Commissioner Joe Dimasi said this translated to an additional bill of about $333 per year for "the typical Canberra household", or $6.40 per week.The same day ActewAGL announced that residential natural gas prices would also rise by around $247 per year, or $4.75 per week."The commission's final decision will see an increase in the average price of electricity for small customers on standard retail contract

spring storm winds blow down the price of electricity

Wind turbines close to the beach at Velsen Noord. Photo: DutchNews.nlSome 80% of wind turbines in the Netherlands were operational on Wednesday afternoon at the height of the storm when electricity prices dropped to below €20 per megawatt/hour, the Financieele Dagblad reported on Thursday.Wind energy expert Duco van Dijk told the paper turbines accounted for 25% of total production in the country on Wednesday.  Turbines are extremely expensive to build, but once in place, power is virtually free, he said: ‘Wind costs nothing.’Because they have the highest variable costs, gas-fired electricity plants are idled during periods of heavy winds.Electricity prices are far lower in neighbouring Germany which has more wind energy capacity and often exports its surplus to the Netherlands, Frank van

switching on for electricity shake-up | business

It is a strange quirk of fate that Prime Minister Alexis Tsipras – should his government reach an agreement with the institutions in the coming days – is set to preside over the greatest ever deregulation of Greece’s electricity market.SYRIZA came to power in 2015 with a very clear aim to keep the Public Power Corporation (PPC), Greece’s energy giant, in public hands. Tsipras appointed the hard-left Panayiotis Lafazanis as energy minister, underlining his desire to avoid liberalization of any kind in this sector.Times have changed since then, though, and Tsipras now finds himself having to agree to the sale of 40 percent of PPC’s electricity-production units – possibly only those fired by lignite (a form of coal mined locally) – to satisfy the country’s creditors. The liberalization of the

one in 5 residents overuses electricity at neighbors' expense

Credit: WikipediaHousehold electricity use falls by more than 30% when residents are obliged to pay for their own personal consumption. This is shown in a new study by researchers at Uppsala University's and the Research Institute of Industrial Economics (IFN), published in the Proceedings of the National Academy of Sciences.
The study, based on a 'natural experiment' comprising some 1,800 apartments, was performed by a Swedish private housing company in 2011 and 2012. In one of the company's residential areas, electricity meters were installed in every unit (2011) and the tenants paid for their own use. In another but similar area, the rent included unlimited electricity use but there, instead, the tenants had to pay higher rents to enable the landlord to cover electricity costs. By com

as energy markets change, ge, blockchain hope to provide economic solutions

EnlargeRoberto Machado Noa/LightRocket via Getty ImagesShare this storyEnergy traders are a less visible part of the market compared to retail and wholesale power suppliers. They exist in certain markets to bid on the constantly fluctuating price of electricity, which is useful for owners of power-generating plants to help, for example, lock in a price for electricity in the day ahead.As more and more renewable energy comes onto the grid, energy traders, utilities, and power-generating companies have to grapple with a much more complex electricity market. Intermittent resources like wind and solar will be sold at certain times of the day, and fossil fuel-based power will be sold at other times of the day. Because some larger fossil fuel-based plants can’t just shut off at a moment’s notice

canstar compares fixed and variable electricity rates

With electricity price hikes predicted to be just around the corner, a consumer research company is advising Queenslanders to consider changing their plan.Canstar Blue has crunched the numbers of fixed and variable electricity plans and believe fixed plans would give households the best reprieve from increasing costs.
Canstar Blue recommends Queenslanders consider changing their electricity plans to a fixed-price plan. Photo: Jessica ShapiroCanstar said a fixed energy plan is an agreement that your electricity provider will not change the rates it charges you for power over a set period, usually two years.  "By guaranteeing today's rates on electricity for two years, customers are protected from two rounds of rising power prices and are afforded a bit more certainty when budgeting ahead,

canstar compares fixed and variable electricity rates

With electricity price hikes predicted to be just around the corner, a consumer research company is advising Queenslanders to consider changing their plan.Canstar Blue has crunched the numbers of fixed and variable electricity plans and believe fixed plans would give households the best reprieve from increasing costs.
Canstar Blue recommends Queenslanders consider changing their electricity plans to a fixed-price plan. Photo: Jessica ShapiroCanstar said a fixed energy plan is an agreement that your electricity provider will not change the rates it charges you for power over a set period, usually two years.  "By guaranteeing today's rates on electricity for two years, customers are protected from two rounds of rising power prices and are afforded a bit more certainty when budgeting ahead,

not so family-friendly as living costs hike

Canberra families will face a hit to their wallets as the ACT government targets living costs in its latest budget.They'll pay higher household rates and fork out more money for car expenses, emergency protection and electricity.
Erica Mitchell and her family are considering moving out of Canberra to a regional town as they struggle to cost with rising living expenses. L-R: Josh and Erica Mitchell with their children Sofia, 2, Aria, 6, and Phoenix, 9. Photo: Sitthixay DitthavongFamilies will cop these downfalls as the ACT government instead looks to accommodate the capital's rapidly rising population.Rates will rise $2295 for houses and $1352 for apartments, car registration will jump five per cent and parking fines will see a six per cent increase. Electricity prices will hike 10 per ce

iprimus internet users in canberra suffer loss of service

The website was updated this afternoon to advise that service was restored at 2.20pm.A spokeswoman for Telstra said a router issue was identified at the Deakin exchange, which affected some wholesale customers."A technician is on site and while there has been some restoration of services we are working hard to fully resolve the issue," she said."We're keeping our wholesale customers informed and apologise for any inconvenience caused."

gas shortage could turn australia's power off, pm weighs in

The energy industry regulator has warned that a gas shortage crisis could leave electricity suppliers with a grim choice: try to keep the power on for everyone, or start cutting it to some households. The Prime Minister Malcolm Turnbull has attacked the states for higher gas prices, after the Energy Market Operator warned of potential electricity shortages.Mr Turnbull announced he wants an urgent meeting of gas company executives to ask them to “explain how they plan on addressing the threat to their customers”.He added that the “very concerning” electricity situation Australia faces has costs rising and is putting investment at risk.The Australian Energy Market Operator predicted in its latest report that power shortfalls are on the way unless support for more gas-powered electricity gene

gas shortage could turn australia's power off, pm weighs in

The energy industry regulator has warned that a gas shortage crisis could leave electricity suppliers with a grim choice: try to keep the power on for everyone, or start cutting it to some households. The Prime Minister Malcolm Turnbull has attacked the states for higher gas prices, after the Energy Market Operator warned of potential electricity shortages.Mr Turnbull announced he wants an urgent meeting of gas company executives to ask them to “explain how they plan on addressing the threat to their customers”.He added that the “very concerning” electricity situation Australia faces has costs rising and is putting investment at risk.The Australian Energy Market Operator predicted in its latest report that power shortfalls are on the way unless support for more gas-powered electricity gene

gas shortage could turn australia's power off, pm weighs in

The energy industry regulator has warned that a gas shortage crisis could leave electricity suppliers with a grim choice: try to keep the power on for everyone, or start cutting it to some households. The Prime Minister Malcolm Turnbull has attacked the states for higher gas prices, after the Energy Market Operator warned of potential electricity shortages.Mr Turnbull announced he wants an urgent meeting of gas company executives to ask them to “explain how they plan on addressing the threat to their customers”.He added that the “very concerning” electricity situation Australia faces has costs rising and is putting investment at risk.The Australian Energy Market Operator predicted in its latest report that power shortfalls are on the way unless support for more gas-powered electricity gene

gas shortage could turn australia's power off, pm weighs in

The energy industry regulator has warned that a gas shortage crisis could leave electricity suppliers with a grim choice: try to keep the power on for everyone, or start cutting it to some households. The Prime Minister Malcolm Turnbull has attacked the states for higher gas prices, after the Energy Market Operator warned of potential electricity shortages.Mr Turnbull announced he wants an urgent meeting of gas company executives to ask them to “explain how they plan on addressing the threat to their customers”.He added that the “very concerning” electricity situation Australia faces has costs rising and is putting investment at risk.The Australian Energy Market Operator predicted in its latest report that power shortfalls are on the way unless support for more gas-powered electricity gene

gas shortage could turn australia's power off, pm weighs in

The energy industry regulator has warned that a gas shortage crisis could leave electricity suppliers with a grim choice: try to keep the power on for everyone, or start cutting it to some households. The Prime Minister Malcolm Turnbull has attacked the states for higher gas prices, after the Energy Market Operator warned of potential electricity shortages.Mr Turnbull announced he wants an urgent meeting of gas company executives to ask them to “explain how they plan on addressing the threat to their customers”.He added that the “very concerning” electricity situation Australia faces has costs rising and is putting investment at risk.The Australian Energy Market Operator predicted in its latest report that power shortfalls are on the way unless support for more gas-powered electricity gene

pm says government will restrict gas exports to lower power prices

Malcolm Turnbull is taking steps to get Australian power companies to take their foot off the gas in terms of rising power bills.
However, the prime minister could not give a guarantee when consumers and business would see the hip pocket impact of new regulations and legislation, saying "time will tell".One of the key drivers of higher power prices has been the price of gas, partially due to a shortage of east coast domestic supply.Once the shortfall in supply is worked out, the government will begin finalising regulations to restrict gas exports on July 1.Mr Turnbull said wholesale gas prices would come down in the immediate term, but "how they translate into retail prices or prices for industrial users is another thing".He blamed the previous Labor Government for granting too many gas e

how epa calculates the cost of environmental compliance for electricity generato

People pay for electricity directly, out of pocket, when they pay their electric bill. But they may also pay in an indirect way, when they bear the environmental and health costs associated with pollution from electricity generation. With a new EPA administrator recently installed, how these costs are calculated is under new scrutiny. The University of Texas Energy Institute’s Full Cost Of Electricity Study includes estimates of these environmental pollution costs as one part of the full system cost of electricity.There is a well-established body of literature at the intersection of toxicology, epidemiology, and economics; it’s one that also governs how the Environmental Protection Agency estimates the benefits of regulations that reduce pollution from power plants. As part of the Universi

beef ban boosts chicken sales, says assocham

In the wake of the beef ban, the price of chicken in many parts of the country have started soaring and are expected to register an increase of 25 to 30%. The consumption may go up by 35 to 40 %, an Assocham study said.“The poultry wholesale price index has risen by over 22%, while that of beef and buffalo meat has declined by about 3% between May 2014 and March 2017,” the analysis said.The production of poultry meat, mainly chicken, has been steadily growing at a compounded annual growth rate (CAGR) of about 10-12%, while its consumption has been clocking a CAGR of 15 to 18% over the past few years. The findings also noted that between June 2013 and May 2014, there was an increase of over 10% in the wholesale price levels of beef and buffalo meat, while that of chicken declined by about 9

iran and middle east could adopt fully renewable electricity systems

Iran can transition to a fully renewable electricity system and financially benefit from it by 2030. Researchers at Lappeenranta University of Technology (LUT) show that major oil-producing countries in the Middle East and North Africa (MENA) region could turn their abundant renewable energy resources into lucrative business opportunities in less than two decades.According to the study, a fully renewable electricity system (100% RE) is roughly 50-60 percent cheaper than other emission-free energy options for the MENA region. For example, new nuclear power costs around 110 euros per megawatt hour. Fossil-CCS option costs around 120 euros per megawatt hour. But the cost of the fully renewable energy electricity is around 60-40 euros per megawatt hour, based on financial and technical assumpt

saving thousands on energy bills

The last time John Kidston truly worried about the cost of his energy bills, he was in university.But with news of a double-digit increase in retail electricity and gas prices from July 1, the cost of energy is on his mind once again.
The cost of energy is again on the minds of John and Nicola Kidston.Photo: Janie Barrett Photo: Janie Barrett"Those increases are meaningful. It's going to be more than a few cups of coffee a month, and it's not just a one-off either," Kidston, 47, says."I guess that's why I turned to solar, it enables me to have a vision where I'm living off grid in a few years ... that's the dream."At his home in Matraville he shares with his wife and two children, Kidston installed solar about 10 months ago and now works for a solar analytics company. Since installation

switching apartment metering shocks electricity freeloaders into conservation

Enlargeflickr user: Neil LallShare this storySometimes a beautiful data set occurs in the wild, begging to be analyzed. When a Swedish housing company decided to switch around half of its apartments so that tenants paid for their electricity, it created a natural, controlled experiment. Three economists—Mikael Elinder, Sebastian Escobar, and Ingel Petré—were all over it.The data they collected helped to illuminate a somewhat murky question about how people respond to economic incentives. Elinder and his colleagues found that most people didn’t actually change their behavior much, but the top 20 percent of electricity hogs reduced their consumption so much that the total electricity usage across the buildings dropped by 24 percent. The implication is that when electricity was included in re

lenders push greece to sell up to 40 percent of state-controlled power units | b

MONDAY MARCH 27, 2017
BUSINESS | Greek EditionClassifiedsSubscriptionsFAVORITESNo favoritesTwitterFacebookTerm
 BUSINESS
13:48
Lenders push Greece to sell up to 40 percent of state-controlled power unitsANGELIKI KOUTANTOUTAGS:Energy, Politics, PrivatizationsA Greek minister on Monday accused international lenders of reneging on a 2015 bailout deal by trying to force a fire-sale of its main electricity utility PPC to serve "domestic and foreign business interests."Under terms of a 2015 bailout deal for Greece worth up to 86 billion euros, Public Power Corp. (PPC) is obliged to cut its dominance in the Greek market to below 50 percent by 2020.Although it is not clearly specified in the deal, lenders want Greece to sell some of PPC's assets. PPC, which is 51 percent owned by the state

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