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Tasmania Treasury negotiating team offers $100m for BBP’s $220m Tamar gas turbines; gets Bell Bay back for free, total cost $340 million

The plan was Hydro Tasmania would get the gas turbine site it had sold to BBP back for $30 million cash in 2007 -  for free, and would pay $100 million for assets - said were worth $220 million -  for the uncompleted Tamar plant.

(Full Article)


August 18, 2008: Queensland gas credit value falls as CSM supply, rises: no trades reported in Australian carbon credits

Nextgen reported in the Queensland GEC market one midweek trade took place in the Cal 08s at $10.75 in 25K. Erisk notes that this appears to relate to an oversupply caused by new coal seam methane.

(Full Article)


11 August 2008: No trade in AUD/tCo2e after AGL and Westpac test trades fade; last price, $21/tonne

Over the Counter, or OTC trading in Australian Emissions Trading Units started in May this year.

(Full Article)


11 August 2008: Green Options: sole trade was Cal09 52.50 REC at at $5.10 on Monday

11 August 2008: Green Options: sole trade was Cal09 52.50 REC at at $5.10 on Monday

Activity in the options market this week was limited to a Cal09 52.50 REC Put that traded at $5.10 on Monday. REC and NGAC markets moved lower.

(Full Article)


11 August 2008: No trade in AUD/tCo2e after AGL and Westpac trades fade

Australian Emissions Trading Units started in May 2008 with initial trade between AGL and Westpac at $20.00 a tonne

(Full Article)


Bubble - crash alert: 20-fold increase in investments in food and crude oil from 2003 to $260bn in March 2008: USA government law change planned

The United States Senate Committee on Homeland Security and Governmental Affairs Commodity noted prices have increased more in the aggregate over the last five years than at any other time in US history.

(Full Article)


Queensland electricity water risks reduce - after heavy rainfall in January and February 2008; but low water may make high prices in February and March 2008

Unserved energy (blackout risks) in the Queensland region had reduced largely due to significant rainfall in the region in January and February 2008 - in the "average" rainfall scenario.

(Full Article)


Gas, oil fuels, and hydros with water may prove the big earners in 2009-10 drought conditions in the NEM

Generators get dispatched in order to meet customer demand under the different drought scenarios. For example, a generator operating at 100per cent capacity factor over a certain period of time would be generating at its full rated power output for the entire period.

(Full Article)


Electricity blackouts, high prices, NEMMCO direction ahead for Victoria in summer 2009/10 in the low rainfall scenario if drought extends

One large unnamed Victorian generator faced a water crisis if dame levels stayed low. NEMMCO's 1 July drought update, which contained data not published in other NEMMCO forecasts - said"

(Full Article)


Prepare for the unthinkable: what if Snowy Hydro can’t cover hedge contracts because of water shortage

Eucumbene water storage was at 12 per cent, south east Australia was headed for a hot summer, and Snowy had said it now now more water going out than coming in.

(Full Article)


Cultural shift for NSW: 350MW of network support ready for dispatch for 2008/2009 summer

The NSW government had a plan to cut peak demand through the use of demand side. After five years of planning, 350MW had been aggregated from multiple sources, and would be dispatched by NEMMCO - and the pool price passed through to the suppliers - this 2008-2009 summer

(Full Article)