Australian Politics Forum - Coal bags carbon profit

Maqqa

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Coal bags carbon profit
Feb 19^th, 2013 at 11:05pm

http://www.theage.com.au/national/coal-bags-carbon-profit-20130219-2eplx.html

AUSTRALIA'S highly emitting brown coal power generators will reap $2.3 billion to $5.4 billion in windfall profits from carbon price compensation, an analysis by a leading energy market expert has found.

While brown coal power plants based in Victoria's Latrobe Valley will get billions in compensation, the analysis suggests they have so far been able to pass on all of their extra costs of the carbon price - thus turning the compensation into pre-tax profit.

The analysis carried out by Bruce Mountain, director of consultants Carbon + Energy Markets, looked at half-hourly spot prices for electricity sold from four Victorian brown-coal fuelled power plants - Hazelwood, Yallourn, Loy Yang A and Loy Yang B - over the first six months of the carbon price.

Environment Victoria, which commissioned the analysis, demanded the federal government review the compensation for coal power plants.

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Its campaigns director, Mark Wakeham, said: ''It is a terrible result for taxpayers and the environment if our dirtiest power stations like Hazelwood are becoming more profitable as a result of compensation payments.''

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Maqqa Gold Member Offline 14% - that low?! Posts: 16000	Re: Coal bags carbon profit Reply #1 - Feb 20^th, 2013 at 11:05am No one on the left is willing to comment on this? These businesses are passing carbon tax to consumers through price hikes and the pocking compo as profits
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FRED. Gold Member Offline Australian Politics Posts: 3698	Re: Coal bags carbon profit Reply #2 - Feb 20^th, 2013 at 12:21pm Maqqa wrote on Feb 20^th, 2013 at 11:05am: No one on the left is willing to comment on this? These businesses are passing carbon tax to consumers through price hikes and the pocking compo as profits CONNED AGAIN THANK JULIAR
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Sprintcyclist Gold Member Offline OzPolitic Posts: 40764 Gender:	Re: Coal bags carbon profit Reply #3 - Feb 20^th, 2013 at 12:58pm Maqqa wrote on Feb 20^th, 2013 at 11:05am: No one on the left is willing to comment on this? These businesses are passing carbon tax to consumers through price hikes and the pocking compo as profits hardly can 'blame' the energy producers for making a profit.
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cods

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Re: Coal bags carbon profit
Reply #4 - Feb 20^th, 2013 at 3:14pm

CARBON CREDITS...

the next money laundering.racket...havent we said that since day one???

it will all be covered by smoke and mirrors...

does anyone seriously believe unemployment figures???

does anyone seriously believe hospital waiting list figures??????

have you ever seen figures on GOVT WASTE???

nup...well you wont get any truth about carbon credits either..

for all those that believe every word that spills from gillards ruby lips...good luck with this one.

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Coal bags carbon profit Reply #5 - Feb 20^th, 2013 at 3:26pm It just shows that Labors half arsed plan handing out compensation to households and the polluters was a stupid idea. Abbotts and the Greens carbon tax with no compensation is the one that should have our full support
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Doctor Jolly Gold Member Offline Australian Politics Posts: 3808	Re: Coal bags carbon profit Reply #6 - Feb 20^th, 2013 at 3:45pm Compensation was always part of the package. In fact it was the right wingers who pushed so hard for it, right back in the day when the Turnbull/Rudd solution was set. Would you rather no compensation was provided to impacted industries. ? I'd wouldnt mind if so.
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John Smith Gold Member Offline Australian Politics Posts: 74981 Gender:	Re: Coal bags carbon profit Reply #7 - Feb 20^th, 2013 at 9:07pm Maqqa wrote on Feb 20^th, 2013 at 11:05am: No one on the left is willing to comment on this? These businesses are passing carbon tax to consumers through price hikes and the pocking compo as profits comment on what? that businesses are being compensated? wow ... maqqa just figured it out.
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Maqqa

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14% - that low?!

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Re: Coal bags carbon profit
Reply #8 - Feb 20^th, 2013 at 10:56pm

John Smith wrote on Feb 20^th, 2013 at 9:07pm:

Maqqa wrote on Feb 20^th, 2013 at 11:05am:

No one on the left is willing to comment on this?

These businesses are passing carbon tax to consumers through price hikes and the pocking compo as profits

comment on what? that businesses are being compensated? wow ... maqqa just figured it out.

That one of the reason why Swan can't achieve an surplus/erection in the last 5 Budgets is because he's paying big business $5B in compo while let them profiteer

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Bill 14% is not the alcohol content of that wine. It's your poll number

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rabbitoh07

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Re: Coal bags carbon profit
Reply #9 - Feb 21^st, 2013 at 12:17am

Maqqa wrote on Feb 20^th, 2013 at 11:05am:

No one on the left is willing to comment on this?

These businesses are passing carbon tax to consumers through price hikes and the pocking compo as profits

At least we have a carbon price. even if it is flawed.

Tony thinks "climate change is crap" and will dismantle the carbon price.

You don't want to send Australia behind the rest of the world do you?

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rabbitoh07

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Re: Coal bags carbon profit
Reply #10 - Feb 21^st, 2013 at 12:20am

Maqqa wrote on Feb 20^th, 2013 at 10:56pm:

John Smith wrote on Feb 20^th, 2013 at 9:07pm:

Maqqa wrote on Feb 20^th, 2013 at 11:05am:

No one on the left is willing to comment on this?

These businesses are passing carbon tax to consumers through price hikes and the pocking compo as profits

comment on what? that businesses are being compensated? wow ... maqqa just figured it out.

That one of the reason why Swan can't achieve an surplus/erection in the last 5 Budgets is because he's paying big business $5B in compo while let them profiteer

Why did Tony say that Whyalla would be wiped of the face of the map?
Why did Tony say that the carbon price would be like a"wrecking ball" through the economy

Why did tony tell these lies?

As you have just shown us - the carbon price is not harshe enough.

Why did Tony lie to us?

Why doe he think "climate change is crap"?

Why does Tony want to send Australia backwards and not have carbon pricing like the rest of the world?

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