NEWS ARCHIVE

Politics pulls at state power

The uncertain power regimes in both Queensland and Western Australia have hit new lows this week ...

Politics pulls at state power

In WA, Western Power chairman Neil Hamilton has threatened to quit unless presented with a clear, decisive goal, while Queensland's Energex is fighting government moves to redirect some of its maintenance funding to the education and health portfolios.

Western Power was supposed to be operating as four separate entities from last month under energy market reforms to attract private producer investment, but key legislation was blocked by the Liberal Party in the Legislative Council.

Hamilton said that without any resolution he would be forced to resign after the upcoming election and the current impasse would prove fatal to Western Power. Hamilton did add that he would consider staying if a clear direction was delivered.

In Queensland premier Peter Beattie has struck back at media reports that Energex's maintenance would be crippled due to the redirection of up to $716 million in power profits.

Energex claimed the money was necessary for investment in IT systems required to support operations in a new deregulated market.

However Beattie claimed the money was never destined for non-essential maintenance.

"The Government had made no decision at that time to deregulate the market in Queensland and that is still the case.

"We believe some of the $716 million would be better invested in schools and hospitals.

"The bottom line in all this, is that we only took money from profits after Energex had put aside money for maintenance," said Beattie.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry