Energy
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- Written by: Richard_McKie
- Parent Category: Economy
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14 April 2011
New South Wales electricity users are to suffer another round of hefty price increases; with more to come.
The Independent Pricing and Regulatory Tribunal (IPART) has announced that electricity prices for the average New South Wales resident will increase by 17.6 per cent from July. Sydney customers will pay on average about $230 more each year, while rural customers will face an extra $316 in charges. IPART says it is recommending the increases because of costs associated with energy firms complying with the federal government's Renewable Energy Target (RET). The RET requires energy firms to source power from renewable sources such as solar or wind.
What is this about and how does it relate to the planned carbon tax?
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- Written by: Richard_McKie
- Parent Category: Economy
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Japan has 55 nuclear reactors at 19 sites. Two more are under construction and another twelve are in the advanced planning stage. Net Generating capacity is around 50 GW providing around 30% of the country's electricity (more here).
As a result of Japan’s largest earthquake in history on March 11 and subsequent tsunami all reactors shut down automatically as they were designed to do but cooling systems associated with two sites had been damaged.
Three reactor sites are adjacent to the earthquake epicentre and two were in the direct path of the tsunami. The Fukushima-Daiichi plant belonging to Tokyo Electric Power Company was particularly hard hit. It lost all grid connections, providing electricity, and its backup power plant was seriously damaged.
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Energy Solutions
Most informed commentators agree that Australia needs a better mix of energy sources. We are too dependent on fossil fuel. This results in a very high rate of carbon dioxide production per capita; and this has international and domestic implications in the context of concerns about climate change.
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Well, the Gillard government has done it; they have announced the long awaited price on carbon. But this time it's not the highly compromised CPRS previously announced by Kevin Rudd.
Accusations of lying and broken promises aside, the problem of using a tax rather than the earlier proposed cap-and-trade mechanism is devising a means by which the revenue raised will be returned to stimulate investment in new non-carbon based energy.
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- Written by: Richard_McKie
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Energy
With the invention of the first practical steam engines at the turn of the seventeenth century, and mechanical energy’s increasing utility to replace the physical labour of humans and animals, human civilisation took a new turn.
Now when a contemporary human catches public transport to work; drives the car to socialise with friends or family; washes and dries their clothes or the dishes; cooks their food; mows their lawn; uses a power tool; phones a friend or associate; or makes almost anything; they use power once provided by slaves, servants or animals.