16 December 2016, The Conversation, Full response from Craig Kelly. In relation to this FactCheck on electricity prices, Liberal MP Craig Kelly sent the following comments and sources to support his statement: Firstly, RenewEconomy – a pro renewable energy website. They quote prices (in US cents per kilowatt hour) in the USA at 12 cents per kilowatt hour and Australia at 29 cents – so on their numbers it’s actually closer to 2.4 times higher rather than double. These costs are described as “average national electricity prices” which I’d take as both businesses and households. However, I’d note that these figures can bounce around a bit subject to exchange rate fluctuations. Secondly, a report titled Electricity Prices in Australia: An International Comparison by CME (an energy economics consultancy focused on Australian electricity, gas and renewables markets) concludes: “In 2011/12 average household electricity prices in Australia (just under 25 cents/kWh) were 12% higher than average prices in Japan, 33% higher than the EU, 122% higher than the US.” Read More here
Tag Archives: Economy
16 December 2016, The Conversation, FactCheck: Are Australians paying twice as much for electricity as Americans? Business here and households here, already we’re paying twice the cost of the US for electricity. – Craig Kelly MP, chair of the backbench environment and energy committee, ABC Radio National Breakfast interview, December 6, 2016. (Listen from 7.38). Environment and energy minister Josh Frydenberg recently left open the possibility of some form of carbon trading in the electricity sector. He later ruled out that option, saying he wanted to keep electricity prices down. Following Frydenberg’s initial comments, Liberal MP Craig Kelly said businesses and households in Australia are already paying twice as much as Americans for their electricity. Is that true? Read More here
15 December 2016, The Conversation, Rising power bills signal the end of an era for Australia’s electricity grid. Electricity bills are set to rise further for households, according to a report from the Australian Energy Markets Commission (AEMC). The report, released this week to coincide with the December meeting of the COAG Energy Council, forecasts that electricity bills will increase by an average of A$78 by 2018 in the five eastern states and the ACT. Together these comprise the National Electricity Market (NEM). The AEMC has prepared these three-year reports each year since 2010. But no report has received as much publicity as this one. This is largely because the latest report comes hard on the heels of the announcement that Victoria’s Hazelwood power station is to close – the largest power station closure ever in Australia. It also follows the release of a specially commissioned report by Chief Scientist Alan Finkel that opens with the words: “The physical electricity system is undergoing its greatest transition since Nikola Tesla and Thomas Edison clashed in the War of the Currents in the early 1890s.” So what does the latest report really say? Read More here
13 December 2016, Carbon Brief, Some 33 US states have cut CO2 emissions while growing their economies over the past 15 years, according to new analysis from the Brookings Institution. These states show that economic growth can be compatible with tackling climate change. The US as a whole is one of at least 35 countries around the world to have achieved the same feat, by decoupling GDP growth and CO2 emissions between 2000 and 2014. “This success is an encouraging juncture in the campaign to limit global warming, and would seem to license cautious optimism,” write Devashree Saha and Mark Muro, the authors of the new research from the Brookings Institution’s Metropolitan Policy Program. “Yet now all of that is in question. With the stunning election of Donald Trump to the presidency, every aspect of the low-carbon paradigm for national and world progress has been thrown into doubt.” If the US federal government turns its back on climate mitigation, can individual sub-national bodies step up their own efforts? The authors explain: “Given their substantial powers to encourage emissions decoupling, states and cities are crucial players in the carbon drama. Therefore, it is worth assessing whether states’ and localities’ momentum on decoupling is strong enough to maintain recent progress.” For more discussion of the debate around decoupling, check out this recent Carbon Brief article. For more on changes in US states and the factors behind their varied progress, check out the full Brookings Institution analysis. Read More here