Origin Energy Not for Distribution or release in the United States of ...

More documents

Recommendations

Info

Country Energy is the incumbent retailer in regional NSW and has a stablecustomer base with a large portion of customers having not chosen to switchretailer …Customer Accounts – 30 June 2010 (‘000)Electricity – Mass Market 749Electricity – Commercial and Industrial 6Natural gas 33LPG 9Total 797Energy ConsumptionFY ended 30 June 2010Electricity – Mass Market (TWh) 6.6Electricity – Commercial and Industrial (TWh) 9.2Natural Gas (PJ) 4.5Retail Revenue ($ billion) 2.212… while its wide geographic spread brings a flatter load profile
IPART’s determination of regulated energy price caps has effectively set NSWtariffs to 30 June 2013 giving relative pricing certainty to mass marketcustomers on regulated tariffs in the near term• In December 2007 the Government committed to extend energy retail priceregulation until it is satisfied there is sufficient competition in the NSW market• The Independent Pricing and Regulatory Tribunal (IPART) has determined themaximum weighted average price cap that can be charged in NSW for mass marketelectricity and natural gas customers on regulated tariffs over the period 1 July2010 to 30 June 2013– The determination provides for annual reviews of energy costs– Prices are not regulated for customers who sign market contracts, howevermass market customers can elect to convert back to regulated tariffs, andmost market contracts are benchmarked to regulated standard contracts– Both Integral Energy and Country Energy have a high proportion of theircustomer base on regulated standard contracts• The NSW Electricity Tariff Equalisation Fund (ETEF), which reduces wholesalepurchase price risk for regulated load, is currently being phased out and will end on30 June 201113Origin expects that over time the east coast energy market willreach a long term sustainable margin that is consistent acrossstates and reflects the increasingly competitive nature of themarket
Page 1 and 2: Sydney15 December 2010Origin Energy
Page 3 and 4: Outline1) Transaction Overview2) In
Page 5 and 6: Through the NSW Government’s Ener
Page 7 and 8: The Integral Energy and Country Ene
Page 9 and 10: 2) Integral Energy and Country Ener
Page 11: Integral Energy holds NSW’s secon
Page 15 and 16: 3) Eraring GenTrader Arrangements
Page 17 and 18: Eraring Power Station has proven to
Page 19 and 20: The Eraring GenTrader arrangements
Page 21 and 22: The payment structure for the GenTr
Page 23 and 24: The Cobbora coal resource is expect
Page 25 and 26: The National Electricity Market was
Page 27 and 28: The acquisition of the Integral Ene
Page 29 and 30: Due to allowances for plant age and
Page 31 and 32: MW18,00013,5009,0004,500-MW18,00031
Page 33 and 34: Origin has a higher proportion of g
Page 35 and 36: 5) Appendix
Page 37: Acquisition of Integral Energy Reta

Origin Energy Not for Distribution or release in the United States of ...

Create successful ePaper yourself

Delete template?

Save as template?