ENERGY FORUM Consumers Perspective on Energy Issues By Philip Tan Representing FMM August 9, 2010 Sheraton Imperial Hotel, KL
|
|
- Dwight Price
- 6 years ago
- Views:
Transcription
1 ENERGY FORUM Consumers Perspective on Energy Issues By Philip Tan Representing FMM August 9, 2010 Sheraton Imperial Hotel, KL
2 Industry s Concerns Benchmark for energy pricing Efficiencies in power sector Is Electricity tariff COMPETITIVE? Disadvantage to industries to be energy efficient through cogeneration; i.e. combined heat and power CHP) Other Issues Sunday Tariff Rider tariff restricted to Sunday Off peak energy should apply to Sunday Tariff Rider Special Industrial Tariff energy intensity vs energy efficiency 2
3 ENERGY PRICING FMM recognizes that energy pricing should be at market rate. However adjustment to market price must be gradual and pre-announced to give sufficient time for adjustment. Have a transparent and consistent pricing formula for both natural gas and electricity tariffs to allow the industry to estimate future price increases. Market price of indigenous fuel such as NG should be benchmarked against an appropriate alternative fuel. 3
4 Benchmark Against MFO vs. LNG Exports RM/mmBtu Avg: Gas to Industry Avg: Avg: MFO (RM) LNG Export US Industrial NG Price USD/RM= Gas to Pow er 0 Jan 09 Feb 09 Mar 09 Apr 09 May 09 June 09 July 09 Aug 09 Sept 09 Oct 09 Nov 09 Dec 09 4
5 Based on the latest three-month average spot price for gas of around US$4.40/mmbtu as quoted by Henry Hub, the power sector is currently enjoying a 25% discount on locally sourced gas 5
6 But we note that the government could be basing its computations on another benchmark, i.e. medium fuel oil (MFO) for legacy reasons. Based on this, we note that the local power players are currently enjoying a larger discount of close to 60% 6 to the average three-month market price of MFO.
7 Medium fuel oil: discount close to 60% Henry Hub: discount only 25% 7
8 Why MFO? We gather that the MFO benchmark has been in place since the 1990s. Back then, MFO prices were used because most of the power plants were running on MFO. Also, looking back at historical prices, MFO and gas prices were generally in sync (Figure 19). But since Jan 09, there has been a clear decoupling of the two benchmarks as MFO prices generally moved in tandem with crude oil prices. CIMB Research Report 27 July
9 LNG Export as Benchmark? M sia s Export to (as of Nov 2009) $/MMBtU Average LNG Prices RM/MMBtU Japan China South Korea Taiwan Malaysia (2009 Average) RM/MMBtU LNG Export Price (FOB) NG Price to Industry Source: Argus Global LNG Jan 2010/ External Trade Statistics Assuming exch rate = USD1/RM3.5
10 Rm/mmBtu Fair Benchmark & Pricing Mechanism FMM s proposal: LNG price ex-bintulu less compression & gasification cost as benchmark - no loss in revenue for Petronas Other available benchmarks NG prices worldwide, coal Address distributors margin Regionally price should be competitive Non-power GMSB Customers Weighted Avg Cost of Gas NG to Singapore LNG Export RM/mmBtu MFO
11 Efficiencies in Power Sector 11
12 Malaysia Thailand Singapore Indonesia Malaysia Thailand Singapore Indonesia Malaysia Thailand Singapore Current Malaysian NG price LOWEST but HIGH electricity tariff M sian NG price 1/3 Singapore 1/2 Thailand M sian electricity (High Tension) 90% Singapore 86% Thailand M sian electricity (Low Tension) 78% Singapore 103% Thailand Gas to Power (RM/mmBtu) Electricity HT(sen/kWh) Electricity LT(sen/kWh) Note: As of
13 SAHA s Study Review of Future Tariff Proposal SAHA met with FMM during their study to design a future tariff structure in Peninsular Malaysia and Sabah FMM understands that future tariff structure could be based on incentive based regulation as against cost of service regulation. Towards this end the tariff rates associated for the regulated assets for distribution and for transmission would be separately identified. Understand only the regulated assets for transmission and distribution would be considered. Tariffs justification would be made known and subjected to consultation, review and written comments/arguments by all stakeholders including FMM. 13
14 Transparency in Cost and Price FMM recognizes that companies (including utilities and IPPs) need to earn reasonable return for their investment. As utilities' tariffs are not subjected to competition but are of general public interest (including to members of FMM) the costs and prices for various parts of the supply chain be must transparent so that any inefficiencies could be identified and hopefully corrected. Towards transparency FMM believes that the cost and prices for the following should be available and published: a. Non fuel IPPs unit cost and utility margin; b. Power utilities own non fuel generation cost and price per unit, c. Transmission cost and price per unit, d. Distribution cost and price per unit, e. Gas utilities cost and price of transmission. 14
15 Transparency in IPPs Costs FMM believes that each IPP s costs for non-fuel and non fuel, generation amount sold to utilities should be made available to the public. With incentive based regulation, FMM believe that the following monetary values should be treated as follow: a. Deduction of payments for not meeting guarantees not be to the sole benefit of the utilities but to the consumers as well, b. Fuel advantages should shared on a win-win-win arrangement without setback to IPPs when gas was at RM6.40/MMBTU as follow: - Allow offline water washing without imposition of UOR, - Share fuel advantage in proportion 1:1:2 among IPP, TNB and consumers. 15
16 Historical Baggage Still in Place that Discourages Co-generation 16
17 Support for CO-GENERATION Co-generation or Combined Heat and Power ( CHP ) - most effective way with regards to energy efficiency Because we produce electricity and capture waste heat from power generation to steam simultaneously rather than wasting it. Non recovered losses of generation: Gas Turbine: 62% at exhaust Conventional Power Plant : 49.5% at condenser Combined Cycle : 33% at condenser GT/HRSG as Cogeneration : 11% of input Remove impediments to co-generation activities High standby charges barrier to entry (RM25/kW/month) Penalty for exceeding demand No support for buying firm excess supply TNB buys excess electricity at uneconomical price set at lowest avoided cost Co-generation can achieve efficiency greater than 80% 17
18 Co-gen Stand-By Charges: Malaysia vs. Thailand Malaysia For Co-generator ONLY Stand-By Charges Thailand: 10 Baht=RM1.00 Stand-By for Co-generator Stand-By Charges Tariff Firm (RM/kW) Non-firm (RM/kW) Tariff Power Taken (RM/kW No Power Taken (RM/kW E1: MV Ind Gen Below 12 kv E2: MV Industrial to 24 kv E3: HV Industrial kv & above Example: 30 MW standby charge for NO power taken for the month Malaysia: E3 Tariff RM per month STAND-BY Firm 750,000 STAND-BY Non-firm 255,000 Thailand: 69kV & above STAND-BY No power taken 79,200 18
19 Rules for Charging Standby Firm Standby Rates should not be more than 20% of TNB s actual price of capacity charge rate for each Tariff Category. No Non-Firm Standby Rates to be charged for Non-Firm Standby. If electricity is used within any month, the tariff for use is to follow the respective Tariff Category. Top-up consumers to follow the electricity tariff as for normal consumers for each Tariff Category. No additional penalty charge for standby and top-up consumers that take electricity higher than the Average Load Factor of Respective Tariff Category. Equitable measures to be drawn up to protect TNB from gaming by customers and for standby customers not able to maintain at reference plant availability (90%). 19
20 Rules for Charging Standby Appropriate incentive for co-generators able to operate at availability greater than power section average for thermal power plants. Qualifying Factor for allowing co-generation to be set at that of the power plant with the highest efficiency in the grid system prevailing at the time of issuing the license (TNB saves 12% in transmission and distribution losses). Alternatively follow Qualifying Factor of Thailand and USA. Co-generators with surplus firm capacity be paid at 5% discount of capacity rate (capacity rate financial plus fixed O&M) for the most recently signed financeable IPP with TNB in Malaysia (not majority owned by TNB). The energy charge is to be the average avoided cost of variable energy to TNB. Co-generators with only non-firm capacity to be paid only on 20 energy charge which is to be average avoided cost on variable
21 Sunday Tariff Rider When the Sunday Tariff Rider was offered, FMM initially thought that Sunday usage would be considered as off-peak rates. When then, when FMM ask at MITI dialogue with presence of utility, that the Rider be applied to Saturday. FMM was told Saturday demand pattern is similar to weekday. When FMM met with the previous Chairman on the matter, FMM was told otherwise. FMM was supplied the demand patterns in the next couple of slides. Subsequently, on closer examination, FMM realized that only Maximum Demand recorded is not counted under the Sunday Tariff Rider. Peak energy charge still applies. Where is the benefit? 21
22 Saturday & Sunday load consumption similar pattern but Sunday Tariff Rider only for Sunday 22
23 Saturday load consumption NOT same as Weekday 23
24 Special Industrial Tariff (SIT) - benefiting few and limited Only 1% of TNB s industrial customers affected 300 of 28,502 customers (TNB Annual Report 2009) RM390 mill of lower tariff 3.54% of RM11,028.6 mill of electricity sales to industrial customers 1.39% of RM28,083.8 mill in total electricity sales 24
25 PRESS RELEASE BY FMM on March 3, 2010 FMM recognizes that energy pricing should be at market rate. However, as with all changes to policies that have an impact on operating costs, FMM had requested the Government to ensure that the move to market price should: Be gradual and pre-announced to give sufficient time for adjustment; Have a transparent and consistent pricing formula for both natural gas and electricity tariffs to allow the industry to estimate future price increases; 25
26 Continued Be fair: i.e. to benchmark against an appropriate alternative fuel and to ensure that supply chain inefficiencies are not passed through to users. FMM s view is that an appropriate benchmark should be the free-on-board price of liquefied natural gas that Malaysia itself exports to other countries from Bintulu, which is lower than the current domestic market price after deducting transportation and gasification/degasification costs! FMM is also strongly of the view that the power sector should ONLY be allowed to pass through increase in fuel prices to consumers not their other operating inefficiencies. 26
27 Continued Practice domestic market obligation (DMO): i.e. to ensure sufficient supply of the country s natural fuel resources for use by industries in Malaysia to increase value-add and higher economic returns. In this respect, FMM has also been calling on the Government to review the export quantum to address the shortfall of fuel resources in Peninsula Malaysia as well as to conserve the national stockpile. 27
28 Recommendations Improve efficient use of natural resources Establish effective subsidy transition programme Pre-announced review of prices, consistent & transparent formula Reference to a fair benchmark LNG price ex-bintulu net back to price of natural gas cost supplied to LNG plant Maintain minimum of WACC for regulated assets because: NG is national resource competitive advantage Spin-off and multiplier effects from industry Power sector provides basic energy electricity Priority of supply - domestic market obligation Support co-gen among users of NG, reward efficient users Reform energy sector market liberalization Address LEAKAGES utilities efficiency, distributors margins 28
29 Thank You
Incentive Based Regulation (IBR)
Incentive Based Regulation (IBR) briefing to Malaysian International Chamber of Commerce and Industry (MICCI) 7 th January 2015 1 Background 2 IBR 3 Imbalanced Cost Pass-Through (ICPT) 1 Incentive Based
More informationRegulatory Developments in Singapore
Regulatory Developments in Singapore By John Ng Peng Wah Senior Vice President Retail & Regulation PowerSeraya Ltd Singapore AT A GLANCE Market Structure of the Singapore New Electricity Market Legal &
More informationIPTC MS The Outlook for LNG Supply to Asia. Stuart Traver, Lalitha Seelam and Nick Fulford Baker Hughes Inc. and Gaffney, Cline & Associates
IPTC 17774 - MS The Outlook for LNG Supply to Asia Stuart Traver, Lalitha Seelam and Nick Fulford Baker Hughes Inc. and Gaffney, Cline & Associates Slide 2 2013 GLOBAL NATURAL GAS TRADE Units: billion
More informationIndonesia s Generation Fuel Mix in an Era of Price Uncertainty Tom Parkinson 14 April 2015
Indonesia s Generation Fuel Mix in an Era of Price Uncertainty Tom Parkinson 14 April 215 Who we are Helping Our Clients Create Value Market analysis and insights Asset valuation / M&A Policy / regulation
More informationNew Delhi 24 November th IEF-IGU Ministerial Gas Forum IEF Background Materials
New Delhi 24 November 2016 5 th IEF-IGU Ministerial Gas Forum IEF Background Materials Overview 1. 3+3 Challenges 2. 7 Observations on gas markets 3. What the JODI Gas Data Base Shows 4. 3 Proposals 7
More informationElectricity Charging Seminar Level Playing Field
Electricity Charging Seminar Level Playing Field Electricity Charging Seminar Level Playing Field Radisson Blu, Glasgow 21 st July 2016 Overview of Transmission Charging Damian Clough, Senior Commercial
More informationPJM ENERGY PRICES 2005 Response to Howard M. Spinner Paper
PJM ENERGY PRICES 2005 Response to Howard M. Spinner Paper Joseph Bowring PJM Market Monitor Response to Howard M. Spinner Paper Re: PJM Energy Prices 2005 A March 13, 2006 paper ( Spinner paper ) by Howard
More informationTHE PROGRESS OF NUCLEAR POWER PROGRAMME IN MALAYSIA
THE PROGRESS OF NUCLEAR POWER PROGRAMME IN MALAYSIA INPRO Dialogue Forum on Nuclear Energy Innovations: Common User Consideration for Small and Medium-sized Nuclear PR, Vienna, 10-14 October 2011 Ir Dr
More informationAn Outlook of Renewable Energy Development in Malaysia
An Outlook of Renewable Energy Development in Malaysia Biomass Asia Conference, 21 st May 2013 Amer Aqel Amer Nordin Consultant, Energy & Environment Amer Aqel Amer Nordin Functional Expertise Consulting
More informationSecuring a Sustainable Energy (Gas) Future for Malaysia
Securing a Sustainable Energy (Gas) Future for Malaysia 3 rd Energy Forum 12 th July 2011 Ezhar Yazid Jaafar General Manager, Strategic Planning Gas and Power Business, PETRONAS 2011 PETROLIAM NASIONAL
More informationPrinciples of cost recovery: electricity tariff design
ERRA Tailor-made Training Course: Principles of Tariff Regulation Implemented for: Oman Power & Water Procurement Company Principles of cost recovery: electricity tariff design David Williams www. erranet.org
More informationGB regulatory approach RIIO price controls and distributed generation
GB regulatory approach RIIO price controls and distributed generation October 2016 James Veaney Head of Connections and Constraints Management Background Much of network installed in 1950s and 60s with
More informationCOGENERATION IN MALAYSIA. by Datuk Ir. Ahmad Fauzi Hasan Energy Commission Malaysia 27 February 2013
COGENERATION IN MALAYSIA by Datuk Ir. Ahmad Fauzi Hasan Energy Commission Malaysia 27 February 2013 The Asia Pacific Energy Research Centre (APERC) Annual Conference 2013 Malaysia s Major Energy Resources
More informationMISO PJM Cross-Border Planning
MISO PJM Cross-Border Planning July 24, 2014 MISO-PJM JCM Planning Coordination Issues 2 At a previous JCM meeting, several issues related to planning coordination were raised: Market Efficiency Planning
More informationPolicy Framework and the Promotion of Cogeneration in Malaysia
Policy Framework and the Promotion of in Malaysia Ministry of Energy, Communication and Multimedia Kuala Lumpur (17 June 2003) The global energy challenge Volatile Oil and Gas markets Depleting fossil
More informationThe Effects of: Peak Load Generation on Average Electricity Tariff. And Peak Load Reduction By Solar PV on Gas Subsidy
The Effects of: Peak Load Generation on Average Electricity Tariff. And Peak Load Reduction By Solar PV on Gas Subsidy Components of Existing Electricity Tariff Structure Based on Gas price of RM15.20/MMBtu,
More informationThailand Power Development Plan ( ) TANONGSAK WONGLA
Thailand Power Development Plan (2010-2030) TANONGSAK WONGLA August 2013 GOV. POLICY Structure of Thailand Power Sector Regulators EGAT (44%) IPPs (38%) Imports (7%) SPPs (10%) VSPPs (
More information6 TH ANNUAL STAKEHOLDERS INTERFACE CHIEF EXECUTIVE S PRESENTATION SEPTEMBER 6, 2015
6 TH ANNUAL STAKEHOLDERS INTERFACE CHIEF EXECUTIVE S PRESENTATION SEPTEMBER 6, 2015 1 Executive Summary 2014 was a financially challenging year with uncertainties in economic and energy environment Revenue
More informationDimensions of Demand Response
New England Demand Response Initiative Dimensions of Demand Response Capturing Customer Based Resources in New England s Power Systems and Markets Vermont House Commerce Committee March 30, 2004 Richard
More informationFunded by: European Eur Union 1
1 Enhancing Institutional Capacity for the Market Development of Decentralised Energy Systems in Thailand DE Best Practice Sridhar Samudrala Director ASIA World Alliance for Decentralized Energy (WADE)
More informationNatural Gas & LNG Fundamentals. Greg Kist Vice President, Marketing, Corporate & Government Relations
Natural Gas & LNG Fundamentals Greg Kist Vice President, Marketing, Corporate & Government Relations Marketing & Risk Management Strategy Hedge up to 50% of production currently focused on protecting AECO
More informationRenewable Grid Integration Assessment Overview of Thailand Case study
Renewable Grid Integration Assessment Overview of Thailand Case study Peerapat Vithayasrichareon, Energy Analyst System Integration of Renewables Grid integration of variable renewable energy, ACEF Asia
More informationEnergy Uplift (Operating Reserves)
Section 4 Energy Uplift Energy Uplift (Operating Reserves) Energy uplift is paid to market participants under specified conditions in order to ensure that resources are not required to operate for the
More informationElectric Forward Market Report
Mar-01 Mar-02 Jun-02 Sep-02 Dec-02 Mar-03 Jun-03 Sep-03 Dec-03 Mar-04 Jun-04 Sep-04 Dec-04 Mar-05 May-05 Aug-05 Nov-05 Feb-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Apr-08 Jun-08 Sep-08 Dec-08
More informationWHY NUCLEAR and to share relevant Government decisions with respect to Nuclear Power Development (COD 2025+). Deploying Nuclear Energy for Power
WHY NUCLEAR and to share relevant Government decisions with respect to Nuclear Power Development (COD 2025+). Deploying Nuclear Energy for Power Generation is one of Entry Point OGE Projects (EPP11) in
More informationJAPAN ELECTRICITY MARKET AND THE ROLE OF RENEWABLES
JAPAN ELECTRICITY MARKET AND THE ROLE OF RENEWABLES ENERGY TRANSPARENCY 2013 ALI IZADI 20 JUNE 2013 /// Energy / / Transparency, Tokyo, / / 20 / June / / 2013 / / / 1 JAPAN ELECTRICITY CONSUMPTION INTENSITY
More informationThe Implications of Lower Natural Gas Prices for the Electric Generation Mix in the Southeast 1
Highlights May 2009 Short Term Energy Outlook Supplement: The Implications of Lower Natural Gas Prices for the Electric Generation Mix in the Southeast 1 This supplement to the Energy Information Administration
More informationRenewables Curtailment in China is there light at the end of the tunnel? Liutong Zhang
Renewables Curtailment in China is there light at the end of the tunnel? Liutong Zhang Renewable curtailment in China All ready to generate but no place to go RE curtailment in China TWh 100 90 80 70 60
More informationProcurement Guidelines Report Procurement Guidelines Report
Procurement Guidelines Report For the Period 01 April 2014 31 March 2015 2015 National Grid 1 April 2015 CONTENTS Page Executive Summary... 2 1. Introduction... 4 1.1 Purpose of the document... 4 1.2 Reporting
More informationSection 3 Characteristics of Credits Types of units. Economic Noneconomic Generation.
Section 3 Operating Reserve Operating Reserve Day-ahead and real-time operating reserve credits are paid to market participants under specified conditions in order to ensure that resources are not required
More informationBiomass and Decentralised Energy: Challenges and Benefits
Renewable Energy Asia 2013 Bangkok (June 5, 2013) Biomass and Decentralised Energy: Challenges and Benefits Ludovic Lacrosse Director WADE THAI About WADE - The World Alliance for Decentralised Energy
More informationPanel Discussions Energy to Enable Progress. Sithu Moe Myint AEC Forum 2018, Bangkok, Thailand 19 June
Panel Discussions Energy to Enable Progress Sithu Moe Myint AEC Forum 218, Bangkok, Thailand 19 June 218 1 Rising City, Rising Business Energy to Enable Progress Sithu Moe Myint Executive Director & Country
More informationELECTRICITY TRADE AGREEMENT. An Assessment of the Ontario-Quebec Electricity Trade Agreement
ELECTRICITY TRADE AGREEMENT An Assessment of the Ontario-Quebec Electricity Trade Agreement Spring 2018 About this Document Established by the Financial Accountability Officer Act, 2013, the Financial
More informationAnalysis of chain intervention options: The Case of Mango in East Java, Indonesia. Tiago Wandschneider Mandalay 28 April 2017
Analysis of chain intervention options: The Case of Mango in East Java, Indonesia Tiago Wandschneider Mandalay 28 April 2017 1 Structure of the Presentation I. Export development II. III. Off-season production
More informationwww.onealphagroup.com About Our Founder Dato Ir. Mokkam Singh Bhullar graduated with a Bachelor of Engineering (Hons.) from the University of Malaya. Joined the National Electricity Board in June 1964.
More informationAEC + BIMSTEC EC : ASEAN Economic Community + Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation
AEC + BIMSTEC EC : ASEAN Economic Community + Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation 11 2556 2 (GDP) 3 - - 7 - - 4 Low Carbon Economy: 450 ppm scenario 5 2,000 1,800
More informationU.S. Natural Gas Market Dynamics
U.S. Natural Gas Market Dynamics University of Houston Global Energy Management Institute The Future of the Gulf Coast Petrochemical Industry Michael Speltz April 29, 2005 ChevronTexaco 2002 Legal Disclaimer
More informationEnergy Security in North East Asia
Energy Security in North East Asia International Workshop on Cooperative Measures in Northeast Asian Petroleum Sector: Focusing on Asian Premium Issues September 6, 2003 The Palace Hotel, Seoul Ken Koyama,
More informationImpact of Fukushima Dai-ichi nuclear accident on global and Japan s nuclear energy policy
Impact of Fukushima Dai-ichi nuclear accident on global and Japan s nuclear energy policy The University of Tokyo Workshop What Fukushima nuclear disaster brought about in Asia? - Emerging risks in social,
More informationTENAGA NASIONAL BHD (TENAGA)
TENAGA NASIONAL BHD (TENAGA) 26/1/214 Financial Year: 213 31-Aug-213 Latest Quarter: 3/11/213 Price: 11.48 Stock Category: Turnaround Board: Main Board FBMKLCI: YES Industry: TRADING SERVICES Sub-Sector:
More informationCyprus Energy efficiency report
Cyprus Energy efficiency report Objectives: 2.2 TWh of end-user energy savings by 2016 13% renewable energy in final consumption by 2020 Overview - (% / year) Primary intensity (EU=100) 1 103 - -0.9% --
More informationEnergy Market Outlook
Kyle Cooper, (713) 248-3009, Kyle.Cooper@iafadvisors.com Week Ending November 17, 2017 Please contact me to review a joint RBN Energy daily publication detailing natural gas fundamentals. Price Action:
More informationCalifornia ISO 2009 Annual Report on Market Issues and Performance
California Independent System Operator Corporation California ISO 2009 Annual Report on Market Issues and Performance Special Revised Executive Summary June 30, 2010 Prepared by: Department of Market Monitoring
More informationKey Challenges for the Development of LNG
17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) 17 th INTERNATIONAL CONFERENCE & EXHIBITION ON LIQUEFIED NATURAL GAS (LNG 17) Key Challenges for the Development of LNG in
More informationIntroduction to local flexibility markets What are flexibility services and how can I get involved? Jodie Giles Senior Project Manager
Introduction to local flexibility markets What are flexibility services and how can I get involved? Jodie Giles Senior Project Manager Regen s recent work on flexibility Feb May 2018 November 2017 May-Aug
More informationRENEWABLE ENERGY & FEED-IN TARIFF IN MALAYSIA. 16 th October Sustainable Energy Development Authority Malaysia (SEDA Malaysia)
RENEWABLE ENERGY & FEED-IN TARIFF IN MALAYSIA 16 th October 2013 Sustainable Energy Development Authority Malaysia (SEDA Malaysia) 1 Background Definition of Renewable Energy Renewable Energy (RE) is any
More informationCitiPower Amended Revised Proposed Tariff Structure Statement
CitiPower Amended Revised Proposed Tariff Structure Statement 2017 2020 This page is intentionally left blank. 2 CitiPower Amended Revised Proposed Tariff Structure Statement 2017 2020 Table of Contents
More informationTowards a low carbon emissions energy sector: Mexico s regulatory efforts
Towards a low carbon emissions energy sector: Mexico s regulatory efforts CEER-Ariae 2011 Encounter Comisión Nacional de Energía, Madrid Wednesday 23 th March, 2011 Francisco Xavier Salazar Diez de Sollano
More informationUK Trade Statistics
Value ( million) Rate of exchange (GBP to USD) ORNAMENTAL AQUATIC TRADE ASSOCIATION LTD. "The Voice of the Ornamental Fish Industry" st Floor Office Suite, Wessex House 4 Station Road, Westbury, Wiltshire
More informationAncillary Service Markets
Section 9 Ancillary Services Ancillary Service Markets The United States Federal Energy Regulatory Commission (FERC) defined six ancillary services in Order No. 888: 1) scheduling, system control and dispatch;
More informationBiomass Asia Conference, May G. Ilango Bharathi YTL SV Carbon Sdn. Bhd. Malaysia
Biomass Asia Conference, 2013 21 May 2013 G. Ilango Bharathi YTL SV Carbon Sdn. Bhd. Malaysia Contents 1. Introductory details 2. Challenges for utilisation of palm biomass 3. Some suggestions to increase
More informationImprovIng energy efficiency with chp: how to evaluate potential cost savings
technical article ImprovIng energy efficiency with chp: how to evaluate potential cost savings Combined heat and power modules based on natural gas-fueled reciprocating engines promise increased energy
More informationSubstantial Changes Ahead for MISO North Michigan Impacts 2018 MMEA Fall Conference
Substantial Changes Ahead for MISO North Michigan Impacts 2018 MMEA Fall Conference Mike Zenker, Managing Director of Market Analysis NextEra Energy Resources September 13, 2018 2 3 The Following Information
More informationMaintaining Baseload Generation Capacity
Maintaining Baseload Generation Capacity Frank A. Wolak Director, Program on Energy Sustainable Development Professor, Department of Economics Stanford University wolak@stanford.edu http://www.stanford.edu/~wolak
More informationSystem Needs: An Energy Planning Perspective. Randy Reimann
System Needs: An Energy Planning Perspective Randy Reimann TOPICS BCUC 2006 IEP/LTAP Decision 2008 LTAP Workplan Resource Options Update System Planning and Criteria 2 BCUC IEP/LTAP DECISION Key findings:
More informationEnergy Uplift (Operating Reserves)
Section 4 Energy Uplift Energy Uplift (Operating Reserves) Energy uplift is paid to market participants under specified conditions in order to ensure that resources are not required to operate for the
More informationIn 2001, the American Gas Foundation released a major. fueling the future: An updated vision of our energy future
fueling the future: An updated vision of our energy future w h a t a d i f f e r e n c e a d e c a d e m a k e s In 2001, the American Gas Foundation released a major study on the potential for market
More informationImpacts of the EU ETS on Electricity Prices
Impacts of the EU ETS on Electricity Prices Prof. P. Capros E3Mlab - NTUA, kapros@central.ntua.gr Presented to Final Meeting of ETRES - Life Project Athens, March 31, 2006 The EU ETS - definition Cap and
More informationInvestor Webinar. UK Transmission Incentives. October 2010
Investor Webinar UK Transmission Incentives October 2010 1 Introduction and objectives Why this webinar topic? What are we aiming to do for you today? How we intend to do this? 2 Why incentives? Incentives
More informationHere Comes the Sun: Development of the Solar Energy Industry in Malaysia
Renewable Energy Here Comes the Sun: Development of the Solar Energy Industry in Malaysia The Ministry of Energy, Science, Technology, Environment and Climate Change has set an ambitious goal for 20% of
More informationLNG in the Asia Pacific
2016/EWG52/WKSP1/004 LNG in the Asia Pacific Submitted by: APERC Asia Pacific Energy Research Centre Workshop Moscow, Russia 18 October 2016 APERC Workshop at EWG52 Moscow, Russia, 18 October, 2016 3-2.
More informationMarch exports exceed estimates
Dr. Mohd Afzanizam Abdul Rashid Chief Economist 03-2088 8075 afzanizam@bankislam.com.my March exports exceed estimates Facts Malaysia s exports posted a double growth for four straight months in March.
More informationS3-3. Impacts of grid integration on electricity production in the GCC
S3-3 Impacts of grid integration on electricity production in the GCC David WOGAN APERC Annual Conference May 218 The GCC energy systems are in the early stages of liberalization Degree of liberalization/market
More information3-1. Effect of Crude Oil Price Drop on the Global Energy Market
APERC Workshop at EWG52 Moscow, Russia, 18 October, 2016 3-1. Effect of Crude Oil Price Drop on the Global Energy Market James Kendell Vice President, APERC Background and outline of the study Background
More informationPeter Randall Solar Kingdom Ltd
Peter Randall Solar Kingdom Ltd How is Solar Doing? How is Solar Doing? Now an Established Industry How is Solar Doing? Now an Established Industry UK a Major Market Estimated Total installed capacity
More informationHYDROELECTRIC INCENTIVE MECHANISM AND SURPLUS BASELOAD GENERATION
Filed: 0-0- EB-0-0 Exhibit E Tab Schedule Page of 0 0 HYDROELECTRIC INCENTIVE MECHANISM AND SURPLUS BASELOAD GENERATION.0 PURPOSE This evidence describes OPG s proposed treatment of Surplus Baseload Generation
More informationEffect of Crude Oil Price Drop on the Global Energy
2016/EWG52/WKSP1/003 Effect of Crude Oil Price Drop on the Global Energy Submitted by: APERC Asia Pacific Energy Research Centre Workshop Moscow, Russia 18 October 2016 APERC Workshop at EWG52 Moscow,
More informationEconomics & Markets: Capacity Markets (Presentation to the CIAC) April 17 th, 2018
Economics & Markets: Capacity Markets (Presentation to the CIAC) April 17 th, 2018 The information contained in this document is for information purposes only, and the AESO is not responsible for any errors
More informationWILL THERE BE A TWO-TIER LNG CONTRACT PRICING MECHANISM IN ASIA?
WILL THERE BE A TWO-TIER LNG CONTRACT PRICING MECHANISM IN ASIA? By: Kyoichi Miyazaki Majed Limam Poten & Partners, Inc., New York Date: 5 th June, 2012 Venue: Kuala Lumpur, Malaysia $/MMBtu 2 Gas prices
More informationHuge-scale illegal dumping of waste Accumulation of hazardous waste such as PCB
Promotion of Sound Material-Cycle Society in Japan and 3R Initiative i i Masayoshi Namiki Vice Minister of the Environment, Ministry of the Environment of Japan April 2008 1. Japan s Experience Outline
More informationCalifornia ISO. Q Report on Market Issues and Performance. February 10, Prepared by: Department of Market Monitoring
California Independent System Operator Corporation California ISO Q4 2013 Report on Market Issues and Performance February 10, 2014 Prepared by: Department of Market Monitoring Department of Market Monitoring
More informationIAF Advisors Energy Market Outlook Kyle Cooper, (713) , October 31, 2014
IAF Advisors Energy Market Outlook Kyle Cooper, (713) 722 7171, Kyle.Cooper@IAFAdvisors.com October 31, 2014 Price Action: The December contract rose 17.5 cents (4.7%) to $3.873 on a 33.3 cent range. Price
More informationNatural Gas Demand Potential and Infrastructure in the EAS Region
Natural Demand Potential and Infrastructure in the EAS Region Prof. Hidetoshi Nishimura 2 Nov 2017 Bangkok 1 Large Demand Potential in ASEAN + India 3 Scenarios as to the share of natural gas in the additional
More informationBEFORE: Graham Lane, CA, Chairman Monica Girouard, CGA, Member
M A N I T O B A ) ) THE PUBLIC UTILITIES BOARD ACT ) ) MANITOBA HYDRO ACT ) ) THE CROWN CORPORATIONS PUBLIC ) REVIEW AND ACCOUNTABILITY ACT ) BEFORE: Graham Lane, CA, Chairman Monica Girouard, CGA, Member
More informationAlberta Capacity Market Information Session
Alberta Capacity Market Information Session November 1, 2018 Public Approach for today The content for today represents the common themes stakeholders requested additional information on during the last
More informationCounties Power Limited
Counties Power Limited Electricity Distribution Business Pricing Methodology Disclosure 1 April 2018 to 31 March 2019 Pursuant to Electricity Information Disclosure Information for compliance with Part
More informationAugust 22, 2014 FIRE ISLAND WIND
August 22, 2014 FIRE ISLAND WIND Phase 1 Summary: Performance Project Performance: Benefits realized: 93,500 MWh LTD >875,000 MCF of NG burn avoided ~$6.5 MM in NG purchases avoided 55,000 tons of CO2
More informationKhonburi Sugar Public Company Limited Opportunity Day Q2-2012
Khonburi Sugar Public Company Limited Opportunity Day Q2-2012 August 20, 2012 1 Content I. Company Overview II. Industry Update III. Financial Hi-Lights IV. KBS Outlook V. Q&A 2 Major Developments 1965
More informationFurther Analyses of the Exercise and Cost Impacts of Market Power In California s Wholesale Energy Market
Further Analyses of the Exercise and Cost Impacts of Market Power In California s Wholesale Energy Market March 2001 Prepared by Eric Hildebrandt, Ph.D. Department of Market Analysis California Independent
More informationFurther Analyses of the Exercise and Cost Impacts of Market Power In California s Wholesale Energy Market
Further Analyses of the Exercise and Cost Impacts of Market Power In California s Wholesale Energy Market March 2001 Prepared by Eric Hildebrandt, Ph.D. Department of Market Analysis California Independent
More informationLunch Session. Oil and Gas Security. Aad van Bohemen, IEA/Energy Policy and Security Division 6 March 2018 (APEC-OGSNF) IEA OECD/IEA 2017
Lunch Session Oil and Gas Security Aad van Bohemen, IEA/Energy Policy and Security Division 6 March 2018 (APEC-OGSNF) IEA Long-term Energy Markets Outlook Key takeaways from WEO 2017 India takes the lead,
More informationChapter 3. Comparing Electricity Cost Structures
Chapter 3 Comparing Electricity Cost Structures 3.1 Cost Structure and Analysis Items Figure 3-1 shows the components of the power supply cost. These components are divided into the rate base (i.e. generation,
More informationThe Texas Experience: Implications of 8,000+ MW Wind Generation Resources In ERCOT. David Campbell CEO, Luminant 2009 Summer Seminar August 3, 2009
The Texas Experience: Implications of 8,000+ MW Wind Generation Resources In ERCOT David Campbell CEO, Luminant 2009 Summer Seminar August 3, 2009 Growth of Wind Generation in ERCOT MW 12,000 10,000 8,000
More informationState of play the EU s LNG and storage strategy
State of play the EU s LNG and storage strategy Zsuzsanna Széles European Commission, GIE Annual Conference Prague, 22 June 2017 EU strategy for LNG and storage: important tools for diversification and
More information3-2. LNG in the Asia-Pacific
APERC Workshop at EWG52 Moscow, Russia, 18 October, 2016 3-2. LNG in the Asia-Pacific Favoring trade and rational market development Kirsten Smith Researcher, APERC Report Highlights Report Highlights
More informationThe Economic Benefits of Generation Revenue Assessment in Pool-Based Market Model for Restructured Electricity Supply Industry
The Economic Benefits of Generation Revenue Assessment in -Based Market Model for Restructured Electricity Supply Industry Zuraidah Ngadiron 1, *, N.H Radzi 1 and M.Y. Hassan 2 1 Faculty of Electrical
More informationJanvier D. Nkurunziza, Commodities Branch, UNCTAD
United Nations Conference on Trade and Development 10th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 25-26 April 2018, Geneva Recent trends and outlook on commodity markets By Janvier D. Nkurunziza,
More informationCosts and Benefits of Combined Heat and Power
Costs and Benefits of Combined Heat and Power June 19, 2013 Draft v.2 With minor modifications to the presentation made to the NJ CHP/FC Working Group on 19 June 2013 (marked in red) Center for Energy,
More informationINDONESIA S NEW DEVELOPMENT IN POWER AND RENEWABLE ENERGY SECTORS by Hapsari Arumdati
INDONESIA S NEW DEVELOPMENT IN POWER AND RENEWABLE ENERGY SECTORS by Hapsari Arumdati Introduction Indonesian power sector is one of the business sectors in Indonesia which is strictly regulated. For the
More informationEffect of Nova Scotia Gasoline Price Regulation on Consumers, Business and Tax Revenue
Effect of Nova Scotia Gasoline Price Regulation on Consumers, Business and Tax Revenue Pyare Arya, Ph.D. Department of Economics Saint Mary's University e-mail: pyare.arya@smu.ca Abstract The main objectives
More informationAn overview of the European Energy Markets
An overview of the European Energy Markets The European energy markets remain very unsettled Despite positive achievements, many challenges have to be overcome at COP21 conference Utilities financial performances
More informationCapturing Resource Rents
Capturing Resource Rents by Analysing the True Economic Value of the Resource and Factoring Sustainability & Energy Security Concerns The Case of Trinidad and Tobago Accounting for the Petrodollar Justin
More informationEnergy Market Outlook
Kyle Cooper, (713) 248-3009, Kyle.Cooper@iafadvisors.com Week Ending September 21, 2018 Please contact me to review a joint RBN Energy daily publication detailing natural gas fundamentals. Price Action:
More informationMarket Alert. China NPK Statistical Update October 2016 Statistics. China MOP Imports. China Exports. China Imports
Market Alert China NPK Statistical Update October Statistics China showed signs of life in October on both the import and export front, though overseas shipments of key fertilizer products continued to
More informationFlexible Resource Adequacy Criteria and Must-Offer Obligation
Flexible Resource Adequacy Criteria and Must-Offer Obligation February 13, 2014 Karl Meeusen, Ph.D. Market Design and Regulatory Policy Lead Stakeholder Meeting Agenda 2/13/14 Time Topic Presenter 12:30
More informationB I S E N E R J I I N B R I E F AUGUST 2012
B I S E N E R J I I N B R I E F AUGUST 2012 1. Investment highlights Bis Enerji ( the Company ) is one of the leading Independent Power Producer ( IPP ) in Turkey and controls a Combined Cycle Gas Turbine
More informationRyo Hattori, Nisshin Steel Co., Ltd. Fundamental problems of the Asian Stainless Steel Market & the Recovery of the Japanese Stainless Steel Market
Ryo Hattori, Nisshin Steel Co., Ltd. Fundamental problems of the Asian Stainless Steel Market & the Recovery of the Japanese Stainless Steel Market 1 Summary World & Asian Stainless Steel Production China:
More informationUK Trade Statistics 2015
Value ( million) Rate of exchange (GBP to USD) ORNAMENTAL AQUATIC TRADE ASSOCIATION LTD. "The Voice of the Ornamental Fish Industry" st Floor Office Suite, Wessex House 4 Station Road, Westbury, Wiltshire
More informationSmart grids/smart rates : Why dynamic pricing is good for consumers and shouldn t scare regulators and policymakers
Smart grids/smart rates : Why dynamic pricing is good for consumers and shouldn t scare regulators and policymakers Bob Lieberman Illinois Commerce Commission April, 2008 My lawyer told me to say... My
More informationProfitably Reducing CO2 by Recycling Energy Some Convenient Truths
Congressional Briefing June 20, 2006 Profitably Reducing CO2 by Recycling Energy Some Convenient Truths Thomas R. Casten Chairman & CEO Primary Energy, LLC Climate Change Mitigation A Governance Dilemma?
More information