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Archive for the ‘Regulation’ Category

Shopper dockets a possible test case for the government’s controversial new predatory pricing laws: ACCC needs to issue guidelines

Posted by gasweek on 10 October, 2007

Shopper docket critics said the number of independents forced out of the market demonstrates purpose. And the 4c a litre reduction, often larger, could mean petrol being sold below cost.

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Posted in Australia, Petrol, Policy, Regulation, Volume 2603 | Leave a Comment »

Howard and Costello throw principles of TPA “out the window” with predatory-pricing amendment

Posted by gasweek on 5 October, 2007

The Federal Government was of course a team effort, so while Howard was said to be the brains of the radical change to the [Trade Practices] law, it was actually done under the name of Treasurer Peter Costello who, by definition, deserved equal condemnation, wrote John Durie in The Australian (19/9/2007, p.48). Read the rest of this entry »

Posted in Australia, Energy Efficiency, Gas, Regulation, Retail, Volume 2603 | Leave a Comment »

Conflict over iron ore developments in Western Australia’s Mid west region escalates; Minister threatens termination of agreement

Posted by gasweek on 28 September, 2007

West Australian Deputy Pre­mier Eric Ripper had sharply escalated the conflict over iron ore developments in the State’s Mid West region, according to Nigel Wilson, reported The Australian (20/9/2007, p.20). Read the rest of this entry »

Posted in Australia, Gas, Regulation, Volume 2602 | Leave a Comment »

Former ACCC chair attacks Fed Govt reforms of predatory pricing laws: swinging pendulum too far in favour of small business

Posted by gasweek on 28 September, 2007

The former chair of the Aus­tralian Competition and Consumer Commission, Allan Fels, attacked the Federal Government’s reforms of predatory pricing laws, and said they have swung the pendu­lum too far in favour of small business and may drive up con­sumer prices, wrote Steven Scott in The Australian Financial Review (25/9/2007, p.8). Read the rest of this entry »

Posted in Australia, Finance, Gas, Regulation, Retail, Volume 2602 | Leave a Comment »

PEG concerns with WP gas benchmarking: allowed cost instead of actual data; “comparing oranges to tangerines”

Posted by gasweek on 26 September, 2007

The Essential Services Commission (ESC) was undertaking a gas access arrangement review (GAAR) for the three gas distribution businesses (GDBs) serving Victoria (Multinet, SPAusnet, and Envestra), noted PEG partner Larry Kaufmann’s response to Worley Parsons Benchmarking Analysis, Victoria (July 2007). Read the rest of this entry »

Posted in Distribution, Gas, Regulation, Victoria, Volume 2601 | Leave a Comment »

SP AusNet, Envestra related-company contracts not acceptable for regulated cost as inter-company billing not tested by tender

Posted by gasweek on 26 September, 2007

In the Gas Access Arrangement Review 2008-2012, The Victorian Essential Services Commission, Draft Decision, 28 August 2007 explained why the Commission may not be able to accept a contract payment as evidence of the prudent and efficient costs of providing services as SP AusNet and Envestra had achieved significant reductions in expenditure in 2005 which continued into 2006. Read the rest of this entry »

Posted in Distribution, Price, Regulation, Victoria, Volume 2601 | Leave a Comment »

Proposed Vic enviro protection regs: large commercial and industrial energy, water users to develop Environment and Resource Efficiency Plan (EREP)

Posted by gasweek on 26 September, 2007

Notice was given in accordance with section ii of the Subordinate Legislation Act 1994 of the proposed making of the Environment Protection (Environment, and Resource Efficiency Plans) Regulations 2007, in The Age (21/9/2007, p.17). Read the rest of this entry »

Posted in Energy Efficiency, Policy, Regulation, Volume 2601 | Leave a Comment »

Phone call that cost British Airways all of £270 million ($643 million); criminal inquiries to come: Departments could by themselves co-ordinate the setting of fuel surcharges

Posted by gasweek on 26 September, 2007

On 9 August 2004, the airline’s then head of communications, Iain Burns, contacted his opposite numbers at Virgin Atlantic and said British Airwaves was minded to increase the levy it put on tickets to cover the rising costs of oil – its fuel surcharge, reported The Australian Financial Review (3/8/2007, p. 55).

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Posted in Price, Regulation, UK, Volume 2520 | Leave a Comment »

Federal election a chance for biofuel industry: voters urged to quiz candidates on renewable fuels

Posted by gasweek on 26 September, 2007

The 2007 election was shaping up as an opportunity for regional Australia to receive some clear direc­tion from the Federal Government on renewable fuel policy, said Western Australian biodiesel maker Bioworks Australia, reported Farm Weekly (30/8/2007, p.38).

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Posted in Deisel, Liquids, Regulation, Volume 2520 | Leave a Comment »

NCC, not AEMC, to be decision-maker on applications for covered pipelines to be subject to ‘light regulation’, says MCE committee

Posted by gasweek on 20 September, 2007

The MCE decided that the NCC (National Competition Council), and not the AEMC (Australian Energy Market Commission) was the decision maker in relation to applications for covered pipelines to be subject to ‘light regulation’ (see also rules 33-38), according to the Standing Committee of Officials of the Ministerial Council on Energy (25/7/2007).

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Posted in NCC, Regulation, Volume 2520 | Leave a Comment »

CO2 dump approved: Chevron Australia puts cost for storage scheme and first 10 years of operations at $850 million

Posted by gasweek on 19 September, 2007

Chevron Australia general manager Colin Beckett said his company’s Barrow island project, to put carbon dioxide underground to reduce greenhouse gas emissions, would be larger than any other geosequestration scheme currently contemplated or in production, reported The Mercury (8/9/2007, p. 15).

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Posted in CO2 Dump, CO2 dumps, Policy, Regulation, Remediation, Volume 2520, WA, Western Australia | Leave a Comment »

CO2 dump rules in South Australia, Western Australia and Queensland: none appear to deal with earthquake, water quality or leak risks, or, long-term liability

Posted by gasweek on 19 September, 2007

South Australia had amended the Petroleum Act 2000 to include CO2 as a regulated substance which can be transported by pipeline. This Act also provides for the granting of a licence to store CO2 in natural reservoirs.

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Posted in CO2 Dump, CO2 dumps, Gas, Geosequestration, Law, Policy, Regulation, Volume 2520 | Leave a Comment »

Fed Govt prefers voluntary fuel efficiency targets to mandatory CO2 emission standards for motor vehicles

Posted by gasweek on 18 September, 2007

Federal Minister for the Environment and Water Resources Malcolm Turnbull, responding to written questions by Labor MP John Murphy, said in the Federal House of Representatives on 11 September 2007 that the government had not set carbon dioxide emission standards for motor vehicles, whether imported to Australia or made locally, but relied on a voluntary national average fuel consumption target.

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Posted in Federal, Fuel, Greenhouse Trades, Liquids, Petrol, Policy, Regulation, Volume 2520 | Leave a Comment »

Victoria’s three main gas distribution businesses, Multinet, Envestra and SP AusNet subject to Draft Decision from January 2008

Posted by gasweek on 17 September, 2007

A Draft Decision, which will be finalised in November, would apply from January 2008 to Victoria’s three main gas distribution businesses, Multinet, Envestra and SP AusNet, according to a media release by the Victorian Minister for Energy and Resources.

Regulator determines balance: The Gas Access Arrangements Review occured every five years, when gas distributors made submissions to the regulator about their expected revenues, the release said. The regulator then determined average distribution charges that fairly balanced consumer and industry needs, and maintained returns that allow further capital investment.

Drought affects industry: The Minister stressed that the energy industry continued to be hit by the current drought, which had pushed up the wholesale costs of gas and electricity. He said demand for gas increased because gas-fired electricity generation was substituting for reduced hydro and coal-fired electricity generation, due to water shortages caused by drought. Gas was an effective but more expensive form of electricity generation, the Minister said.

Reference: Media release from the Minister for Energy & Resources, Victoria, 28 August 2007. Contact: Dan Ward. Phone: (03) 9651 5799. Mobile: 0407 138 680. Website:
http://www.vic.gov.au

Erisk Net, 28/8/2007

Posted in Distribution, natural gas, Policy, Price, Regulation, Retail, Victoria, Volume 2520 | Leave a Comment »