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

collected by :Victor Alphen

as informed 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.

Russia & United States can compete & work together in energy market - Putin

Read moreThe United States is a major opponent of the Nord Stream 2 pipeline that will double gas flows through the existing pipeline from Russia to Germany. On Monday, Germany maintained that the gas pipeline from Russia is purely about business. "Nord Stream 2 is first and foremost a commercial project," government spokesman Steffen Seibert told a regular government news conference in Berlin. During the Helsinki press conference on Monday, President Trump repeated his concerns. The $11-billion Nord Stream 2 will double the existing Nord Stream pipeline's current annual capacity of 55 billion cubic meters and is expected to become operational by the end of next year.

E.On announces 500 UK job cuts as energy market changes at 'unprecedented rate'

as declared in E.On will cut 500 UK jobs as the UK energy market changes at an "unprecedented rate" and remains "increasingly competitive", the gas and electricity supplier has announced. The firm, which hiked prices for 1.8 million customers in June, said it would reduce numbers across non-customer facing departments as part of ongoing efforts to transform how it operates and improve efficiency. The job losses amount to more than 5 per cent of E.On's 9,400-strong UK workforce. The announcement comes a day after fellow Big Six energy supplier British Gas revealed it had shed 340,000 customer accounts as consumers desert large firms for smaller rivals. E.On chief executive Michael Lewis said: "We're always looking to make sure we're equipped to respond to the rapid pace and challenges of the UK energy market and we know we can never stand still if we are to continue giving customers a high-quality and cost-effective service.