Tasmanian energy companies warned Liberals against leaving national power market before poll

As it stated in The energy industry warned the Hodgman Government against removing Tasmania from the National Electricity Market (NEM) weeks before the Liberals announced the plan. Key industry bodies including Aurora and Hydro Tasmania warned about risks associated with changing the state's wholesale energy market framework. While the terms of reference for the review did not explicitly mention de-linking from the NEM, it is inextricably linked with the wholesale energy market framework. Power price cuts should be done in 'market-driven way'Murchison independent MLC Ruth Forrest said the submissions made it "pretty clear" that the energy industry did not believe the state should de-link from the wholesale energy pricing arrangement. It was the second report on the energy industry this year to recommend the Tasmanian Government consider a write-down of energy network assets to reduce power bills for consumers, after the Grattan Institute did so in March.

Reset climate policy to fix energy market

In releasing yet another report on electricity prices, ACCC chairman Rod Sims said that the energy market is ''broken''. What is needed is not a repair job on the whole electricity market but a clear decision on climate change policy. ACCC chief Rod Sims says the energy market is broken. The electricity market basically works except Australia cannot establish how fast to cut its greenhouse gas emissions and make the transition from coal to renewables. An industry-wide carbon price is more cost effective than the piecemeal subsidies such as the Renewable Energy Target or Solar Feed-in-Tariffs which the ACCC criticises.

Malaysian billionaire Robert Kuok enters Taiwan's wind energy market - Business News

as mentioned in PETALING JAYA: Tycoon Robert Kuok is entering the wind energy market in Taiwan through a collaboration between two companies linked to him. The JV aims to provide an integrated solutions platform for offshore wind farm developers, EPCI (engineering, procurement, construction and installation) contractors and wind turbine manufacturers. Kuok is a controlling shareholder of POSH, an offshore marine services provider. The Malaysian tycoon also owns interests in Taiwan-based logistics firm Kerry TJ through its stake in Kerry Logistics Network. A separate MoU was also signed by the JV partners with Macquarie Capital and Swancor to jointly explore collaboration opportunities in the Taiwan offshore wind market.

collected by :Victor Alphen