Energy & Resources 24 September 2009

What's News

 

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What's News - Energy & Utilities

Latest News

Gorgon work begins immediately with $10b in contracts
14 September 2009
Completion of the last formalities has cleared the way for the world’s biggest gas project to proceed off Western Australia’s Pilbara coast. More...

Good news on climate change: Garnaut surprised
14 September 2009
Australia’s top climate expert is upbeat about the future, saying the world is fighting back well against climate change. More...

Turnbull faces party backlash over emissions trading
15 September 2009
Opposition Leader Malcolm Turnbull is facing a backlash from within his own party over plans to negotiate with Labor on its emissions trading scheme (ETS). More...

ACCC issues position paper on water trading rules
10 September 2009
The Australian Competition and Consumer Commission (ACCC) has issued a position paper inviting submissions on the development of water trading rules advice. More...

ACCC issues enforcement guidelines for water market rules and water charge rules
31 August 2009
The Australian Competition and Consumer Commission (ACCC) has issued guidelines outlining its approach to enforcing the Water Market Rules 2009 and Water Charge (Termination Fees) Rules 2009. The guidelines explain the processes and remedies available to the ACCC to enforce compliance. More...

Feed-in tariff to provide certainty for renewables investment
14 September 2009
More than 33,000 jobs could be created during the next 10 years if business is able to invest with certainty in renewable energy technologies, the Australian Greens say. More...

Govt tightens solar rebate
4 September 2009
The rebate is being reduced from $1,600 to $1,000 for householders who install a heat pump system. Solar hot water systems will retain the $1,600 rebate.

Publications/Conferences

Carbon financing and the Australian emissions trading scheme: Less emissions, more opportunities?
Source: Journal of Banking and Finance Law and Practice,
Vol 20(3): September 2009

Queensland Power & Gas Conference 2009
26 - 28 October 2009, Stamford Plaza, Brisbane. More...

Legislation

Renewable Energy Amendment (Feed-in-Tariff for Electricity) Bill 2009 (Cth)
The purpose of this Bill is to create an Act which will amend the Renewable Energy (Electricity) Act 2000 to support the greater commercialisation of renewable energy technologies, and for related purposes. The Bill was introduced into Parliament on 18 August 2009, has had 2 readings and is currently being debated in the House of Representatives.

Clean Energy Security Bill 2009 (Cth)
The purpose of this Bill is to create an Act which will amend the Renewable Energy (Electricity) Act 2000, and for related purposes. The Bill was introduced into Parliament on 14 September 2009 and has had two readings and is currently being debated in the House of Representatives.

Expanded National Renewable Energy Target scheme legislation passed
Legislation has now been passed to implement Australia’s expanded national renewable energy target scheme. The Renewable Energy (Electricity) Amendment Act 2009 amends the Renewable Energy (Electricity) Act 2000 (the Act) to increase the current renewable energy target from 9,500 gigawatt-hours (GWh) to 45,000 GWh in 2021. The expanded scheme is said to be intended to deliver on the Government’s commitment that the equivalent of at least 20% of Australia’s electricity comes from renewable sources by 2020.

Under the Act as amended, renewable energy certificates can be created by people who generate power from accredited power stations using eligible energy sources which, following an amendment to the Bill, will include eligible waste coal mine gas (WMCG) for a transitional period as well as eligible renewable energy sources.

The Renewable Energy (Electricity)(Charge) Act 2000 (Charge Act) sets the level of the shortfall charge for non-compliance by wholesale purchasers of electricity with the scheme. The Renewable Energy (Electricity) (Charge) Amendment Act 2009 has also now been passed which amends the Charge Act to increase the shortfall charge payable by wholesale purchasers from $40 per megawatt-hour to $65 per megawatt hour. Partial exemptions from the shortfall charge for emissions-intensive trade-exposed activities have been provided for in the Act.

The Renewable Energy (Electricity) Regulations 2001 have also been amended to implement a new ‘solar credits’ mechanism. The mechanism will apply to eligible small generation units installed on or after 9 June 2009 and will allow the owners of these systems to earn multiple renewable energy certificates with respect to the energy generated from those systems. The Government envisages that suppliers of solar hot water systems, roof solar panel and small scale wind and micro hydro systems may offer a discount on the price of the system in return for the owner of the system agreeing to transfer the renewable energy certificates earned to the supplier.

The legislation and regulations underpinning the expanded Mandatory Renewable Energy Target Scheme will be reviewed in 2014. More...

National Greenhouse and Energy Reporting Amendment Bill 2009 (Cth)
The Bill amends the National Greenhouse and Energy Reporting Act 2007 to: clarify definitions; require results of audits to be included on the National Greenhouse and Energy Register; extend secrecy requirements to cover audit information; allow the Administrative Appeals Tribunal to review certain decisions made by the Greenhouse and Energy Data Officer (GEDO); give the GEDO authority to audit certain reporting entities; expand the scope of the legislative instrument relating to guidelines for external auditors; require auditors to apply to the GEDO for registration and provide the minister with power to determine registration requirements; remove the requirement for the GEDO to publish corporate level certain energy production information; and make consequential amendments. This Bill was passed on 7 September 2009 and is awaiting assent.