Courier Mail
Wednesday 17/12/2008 Page: 86
AUSTRALIA'S two biggest power retailers, AGL Energy and Origin Energy, should benefit from the design of the carbon trading system, JPMorgan Chase said yesterday. The limited effect the system will have on coal-fired generators should help limit swings in wholesale electricity markets, supporting the two companies' retail businesses.
The Federal Government this week set a target to cut greenhouse gas emissions by between 5% and 15% by 2020, depending on whether an international agreement is reached. It will provide $3.9 billion of free permits to coal-fired power generators over five years to compensate them for the added expense of introducing a cost on carbon.
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