Hobart Mercury
4 February 2011, Page: 20
The Mercury does itself, and the ongoing debate over power prices, no favours with its attempt to drag in Hydro Tasmania's Victorian retail business and its support of the Geelong Cats ("Cats lap up Hydro cash", February 2). To attempt to tie in this successful commercial business with concern over Tasmanian power prices is a very long bow. The fact that the story is supported by incorrect information only adds to the confusion.
Most importantly, the claim that Hydro Tasmania is selling power to Victoria cheaper than it sells it to Aurora Energy is nonsense. The price Hydro Tasmania receives for electricity exported to the rest of the national market is the same as or higher than the price received for electricity consumed in Tasmania.
The electricity sold by Momentum Energy comprises a variety of components and is at a lower price than in Tasmania because it is a completely different process. The cost of domestic electricity in Victoria is based on market prices for energy and regulated prices for other components such as distribution and transmission, which is quite different to Tasmania where each component of domestic prices is set by regulation.
The success of Momentum Energy is creating considerable value for the people of Tasmania.
Roy Adair CEO, Hydro Tasmania
2 comments:
Well, there is lot of competition going on in electricity industry at the moment. Govt. is regulating the prices, but still private companies are following their own agenda while offering energy prices to public. I think Energy Australia is the only one company that is providing electricity on actiual rates. But for solar power prices are same, as customers contact distributors to install solar panels in place of retailers.
The largest producers of solar energy in the world are Germany, Japan and the United States. California has recently introduces a solar initiative devoting over three billion dollars to promoting solar energy use by residents in the state.
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