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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 »

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 »

NSW rules for offgrid electricity supply, set by GridX Power application precedent

Posted by gasweek on 28 September, 2007

GridX Power application precedent has set rules for off grid generation. The tariffs were to be no higher than grid electricity. Read the rest of this entry »

Posted in Australia, Gas, Retail, Volume 2602 | 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 »