ACCC Confirms Gas Market Reform Must be a Priority
ACCC Confirms Gas Market Reform Must be a Priority
Comments made by ACCC chair, Rod Sims, on March 5, about the growing impact of gas price rises and reduced contracting options echo the warnings given by large energy users over many years, said Energy Users’ Association of Australia Chief Executive Officer, Mr Andrew Richards. “Sadly, manufacturers feel largely ignored by governments who have talked […]
Snowy 2.0 Clarity Welcomed by Energy Users
The peak body representing large commercial and industrial energy users, the Energy Users’ Association of Australia (EUAA), welcomed today’s announcement by the Federal Government that clarifies the future of the Snowy 2.0 project. “The future of Snowy 2.0 had become increasingly murky, adding yet another variable to the energy investment environment,” said EUAA Chief Executive […]
Funding Annoucement Highlights Energy Policy Vacuum
The peak body representing large commercial and industrial energy users, the Energy Users’ Association of Australia (EUAA), today said the Federal Government’s announcement to increase funding for climate change related activities highlights the lack of long-term energy and climate change policy. “Yesterday’s announcement by the Federal Government to increase funding to improve Australia’s response to […]
Energy Users Key to Energy Market Innovation
The Energy Users’ Association of Australia (EUAA) congratulates Australian Paper and Suez on their joint venture to establish a waste to energy facility at the Maryvale Mill which has been announced today. “This exciting project creates new jobs, on-site energy and meaningful waste reduction and is a great example of the innovation that large energy […]
AEMC Draft Determination on RERT Enhancement Highlights the Importance of an Efficient Market
Australia’s leading advocate for large energy users, the Energy Users’ Association of Australia (EUAA) welcomes today’s draft determination by the Australian Energy Market Commission (AEMC) on the Enhancement to the Reliability and Reserve Trader (RERT). “The RERT Mechanism is a valuable tool to manage emergencies but it is costly with just one instance last year leaving […]
EUAA Submission: Treasury Laws Amendment Bill (Divestiture)
‘The EUAA is extremely concerned about the impact of the proposed legislation, particularly its potential unintended consequences. Our members need policies that act as a coherent whole to address the need for policy stability to create both a positive investment climate for players all along the electricity supply chain and a competitive market for consumers. […]
Gas Crisis Hasn’t Gone Away
Today’s release by the ACCC, the Gas Inquiry 2017-2020 Interim Report, clearly shows that the gas crisis still has an iron grip on Australia’s manufacturing, chemicals and food processing industries. “Efforts to alleviate the gas crisis by governments and regulators have been insufficient and an accelerated program of gas market reform and targeted assistance is required […]
Submission: AER Review of the Value of Customer Reliability (Supplementary Submission)
Our members are highly exposed to movements in both gas and electricity prices and have been under increasing stress due to escalating energy costs. These increased costs are either absorbed by the business, making it more difficult to maintain existing levels of employment or passed through to consumers in the form of increases in the […]
Joint statement: Proposed Electricity Price Monitoring and Response Powers
Australia’s business community and the energy sector urge the Australian Government to abandon proposed legislation that will impede the broader investment environment in Australia and specifically discourage badly needed investment in the energy sector. The signatories* to this statement are robustly opposed to the creation of unilateral divestment powers for the Treasurer. Such discretionary and […]
EUAA Submission: AEMC RERT Enhancement
Our members are very concerned about both the costs of the Reliability and Emergency Reserve Trader (RERT) and the lack of transparency around how these costs are incurred and then recovered. AEMO is seeking a major change in the current arrangements to de-link the RERT procurement trigger and volume from the widely supported reliability standard. […]
The Energy War has Left us with Limited Options
So, it has come to this. After more than a decade of open warfare on energy and climate change policy, it now appears our next best option is a collection of market interventions and direct government investment. “Today’s energy policy announcement by Federal Labor recognises the unfortunate reality that gaining long-term bipartisan agreement on energy […]
EUAA Submission: Electricity Price Monitoring and Response Legislative Framework
The EUAA have reviewed the Electricity price monitoring and response legislative framework consultation paper (consultation paper) and are in general agreement with the overall intent and proposed approach. The EUAA are strong supporters of increased transparency of energy markets and the strengthening of consumer protections. Energy users often find energy markets to be complex and […]