Difference between revisions of "Contract for Closure Program"
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| − | + | {{#badges: CoalSwarm|Navbar-Australiacoal}}The '''Contract for Closure Program''' was announced by the Australian government in July 2011 as a part of its carbon price package. The government stated that the primary aim of the program was "to support the closure of around 2,000 megawatts of highly emissions intensive generation capacity in Australia by 2020, subject to negotiation with eligible generators."<ref name=Close>Department of Resources, Energy and Tourism, [http://www.ret.gov.au/energy/clean/contract/Pages/ContractforClosure.aspx "Contract for Closure"], Department of Resources, Energy and Tourism website, accessed June 2012.</ref> | |
==Background== | ==Background== | ||
Revision as of 04:33, 7 January 2013
{{#badges: CoalSwarm|Navbar-Australiacoal}}The Contract for Closure Program was announced by the Australian government in July 2011 as a part of its carbon price package. The government stated that the primary aim of the program was "to support the closure of around 2,000 megawatts of highly emissions intensive generation capacity in Australia by 2020, subject to negotiation with eligible generators."[1]
Contents
Background
The government stated that it aimed for plants to be closed in the period between 1 July 2016 to 30 June 2020 "although proposals for closure prior to 1 July 2016 may be considered."[1]
While the government's initial plan was for contracts for closure to be entered into by 30 June 2012[1] this timetable was extended. In a media statement the Minister for Resources. Martin Ferguson stated that "there are a number of complex commercial issues yet to be resolved including the need to ensure value for money."[2] Ferguson stated that "negotiations are expected to continue and the Government will endeavour to reach an outcome in the coming months."[3]
The government requested generators interested in retiring coal-fired plant to submit an expression of interest by October 21 2011. Subsequently it announced that five generators had been invited to proceed to the negotiation phase. The five are:[1]
- Playford B Power Station, which is owned by Alinta Energy;
- Energy Brix power station which is owned by HRL;
- Hazelwood Power Station which is owned by Hazelwood Power Partnership which is 91.8% owned by International Power Australia;
- Collinsville Power Station, which is owned by RATCH; and the
- Yallourn Power Station, which is owned by TRUenergy.
Closure program terminated
In September 2012 the federal Minister for Resources and Energy, Martin Ferguson, announced that plans for closure had been scrapped. In a media release Ferguson stated that "the Government could not be satisfied that entering into such arrangements would achieve value for money against the Contract for Closure Program objectives." He stated that regional adjustment funding which had been pledged to area affected by closure under the program would remain available to areas affected by the carbon price.[4]
Australian government resources
Website: http://www.ret.gov.au/energy/clean/contract/Pages/ContractforClosure.aspx
Articles and resources
References
- ↑ Jump up to: 1.0 1.1 1.2 1.3 Department of Resources, Energy and Tourism, "Contract for Closure", Department of Resources, Energy and Tourism website, accessed June 2012.
- ↑ "Australia extends talks on coal power plant closures", Reuters, June 29, 2012.
- ↑ Martin Ferguson, "Contract for Closure Negotiations Extended", Media Release, June 29, 2012.
- ↑ "Contract for Closure negotiations cease", Media Release, September 5, 2012.
