Gas Week

EWN Publishing

Qld imported gas not competitive with coal for baseload generation in NSW without NSW Greenhouse Abatement Certificates (NGAC)s

Posted by gasweek on 12 October, 2007

If a Carbon Trading Scheme were to be introduced, gas could be competitive for baseload generation in NSW at a cost of carbon in the range $15 to $30/t CO2 equivalent, according to a report, Availability and Cost of Gas for NSW Baseload Generation prepared for the Owen Inquiry.

Gas prices rise: Under the High Gas Demand Case, delivered gas prices would rise, with the price of carbon ultimately determining the level at which gas prices would compete with coal for future baseload generation.

Reference: Owen Inquiry into Electricity Supply in NSW, Availability and Cost of Gas for NSW Baseload Generation, 31st July 2007.
This report has been prepared for the Owen Inquiry by Wood Mackenzie. Sydney, Suite 108, Level 1, 16-20 Barrack Street, Sydney, NSW 2000, Australia. Phone: +61 2 9299 0989. Fax: +61 2 9299 0669 Consultants: Ian Angell, Phone: +65 6518 0862; Andrew McManus, Phone: +61 2 9299 0989; Richard Quin, Phone: +44 131 243 4378; David Bradley, Phone: +61 8 9430 9599; Graham Tyler, Phone: +65 6518 0823; Valery Chow, Phone: +65 6518 0854; Karthikeyan Sathyamoorthy, Phone: +65 6518 0853; Facsimile: +61 2 9299 0669, e-mail: Andrew.McManus@woodmac.com

Erisk Net, 31/7/2007

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