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NSW Regulators Unleash Power Prices With 60 Percent Price Signal
Gerroa, Australia (SPX) Dec 15, 2009 New South Wales pricing regulators have unleashed electricity rates with prices set to leap 60 percent in Australia's largest energy market over the next three years. The decision was presented by NSW State "Independent Pricing and Regulatory Tribunal" as a necessary move to support construction of new power generation and the transition to a low carbon energy base. The move sends a welcome price signal to a mix of privately owned fossil fuel and renewable energy producers - that state owned power utilities face an onslaught of competition. Both households and businesses will have little choice but to improve energy use and efficiency. But most critically it brings the cost effectiveness of renewable energy into a breakeven position - without government subsidies - in timeframes of 5-15 years rather that 20-40 years. And while current subsidies remain available, any home or business can look to breakeven in five years and less on a range of home and business power solutions such as solar, wind and cogeneration systems. The full PDF report can be found here. It outlines the decision and the electricity market in NSW over next three years. Share This Article With Planet Earth
Related Links NSW Regulated electricity retail tariffs for July 2010 to June 2013 - Draft
Russia defends climate change targetsMoscow (AFP) Dec 11, 2009 Russia on Friday hit back at critics accusing it of dragging its feet on climate change, saying it had to ensure economic development as the industrial collapse after the Soviet Union's fall had to be taken into account. "We are not going to limit our economic growth. We need to pass along the same path as all countries. First a rise (in emissions) and then a fall," the Kremlin's top advisor ... read more |
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