A critique of the Victorian retail electricity market

The Brotherhood of St Laurence commissioned Bruce Mountain from Carbon and Energy Markets (CME) to investigate the Victorian retail electricity market.  Electricity costs have been rising across Australia’s National Electricity Market since 2007. In most Australian states rising network costs – the poles and wires – have been the primary cause of these price increases.   However, the Victorian case is different. Network costs are lower than in other states, and haven’t risen as much. High retail charges appear to be the cause. The report and accompanying summary, released 7 July 2015, investigate the dynamics of the retail energy market and how that impacts on householders bills

Network tariffs applicable to households in Australia: empirical evidence

Presents information and analysis of the network tariffs applicable to household electricity consumers in the southern and eastern states of Australia covered by the National Energy Market. Executive summary: This report presents information and analysis of the network tariffs applicable to household electricity consumers in the southern and eastern states of Australia covered by the National Energy Market (NEM). The paper is the first of four papers focused on network tariffs from the perspective of households. Key findings include: A range of network tariff structures are used throughout the NEM. Inclining block rate tariffs (with small price increments) and two-part tariffs are common. The most expensive network tariff in Australia is almost four times higher than the least expensive. The average network charge to households in Victoria is about a third of that elsewhere in the NEM The gap between least expensive and most expensive network tariff has doubled over the last seven years. Network service providers in Queensland have the highest charges and also the greater proportion of their charge is fixed. The Queensland distributors and Ausnet Services in Victoria have increased their fixed charges significantly recently. In the 2015/16 year (not covered in this report Citipower and Powercor have both increased their fixed charges significantly). Network service providers are typically increasing fixed charges more quickly than variable charges. The international comparison shows that network tariffs in Britain are generally much lower than anywhere in Australia. The average network charge in Denmark and New Zealand is roughly comparable to those in Victoria, the lowest network cost jurisdiction in the NEM. The proportion of revenue recovered from fixed charges charged to most consumers in the NEM is higher than that in Britain, Denmark and New Zealand. Some distributors in Victoria have relatively smaller fixed charges, while those in Queensland and Essential Energy in New South Wales have fixed charges that are much higher than those found elsewhere. In NZ, network tariffs with higher fixed charges apply to households with high levels of consumption (> 9 MWh per year)

Domestic open market operations during 2005

Open market operations ; Monetary policy ; Federal Open Market Committee

Domestic open market operations during 2000

Open market operations ; Monetary policy ; Federal Open Market Committee

Domestic open market operations during 2002

Open market operations ; Monetary policy ; Federal Open Market Committee

Impact of global crisis on Mexican multinationals varies by industry, survey finds

The Institute for Economic Research (IIEc) of the National Autonomous University of Mexico (UNAM) and the Vale Columbia Center on Sustainable International Investment (VCC), a joint initiative of the Columbia Law School and the Earth Institute at Columbia University in New York, are releasing the results of their second annual survey of Mexican multinationals today.1 The survey is part of a long-term study of the rapid global expansion of the multinational enterprises of emerging markets. The present report focuses on data for the year 2009. Highlights In 2009, the 20 companies listed in table 1 below posted about USD 117 billion in foreign assets, 63 billion in foreign sales, and had 227,484 employees in their overseas operations. The top three companies on the list are CEMEX, America Movil, and Carso Global Telecom, which together controlled USD 86 billion in foreign assets, which was 73% of the total on the list. The leading sectors on the list are food and beverages (4 firms), non-metallic minerals (4 firms), and telecommunications (2 firms). In keeping with the tradition in Mexican outward foreign direct investment (FDI), most of the investments were undertaken in Latin America and the Caribbean and in North America −specifically the United States-. These regions were followed in importance by Western Europe. Mexican outward FDI has now also begun to appear in China, India, and Australia. The shares of all companies ranked in table 1 are publicly traded, with the exception of PEMEX, which is 100% state-owned, and Xignux, which is a privately held family-owned firm

Domestic open market operations during 2001

Open market operations ; Monetary policy ; Federal Open Market Committee