MINISTER ISSUES DELEGATION TO QLD COMPETITION AUTHORITY TO DEVELOP EIGHT NEW RETAIL ELECTRICITY TARIFFS
I refer to our previous web page posts on 16th and 28th July 2020 wherein it was advised that on 24th June 2020 Minister for Natural Resources, Mines and Energy issued a delegation to QCA to set three new electricity (controlled load) retail tariffs to be added to the 2020-21 schedule of regulated retail electricity tariffs for regional Qld. On 3rd August Minister issued a further delegation to QCA for a further 8 retail tariffs to be developed based on new network tariffs, four of which relate to small business.
These 8 additional new tariffs are to apply from 1st January 2021 whilst the three controlled load retail tariffs mentioned previously come into effect on 1st November 2020. Details of all 11 tariffs will be released by 31st August 2020 in QCA’s draft determination with a following period, to be advised, for lodgement of submissions by interested parties.
Additional details are available in the “Stakeholder Notice” issued by QCA.
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Loading Advice Monday, 10th August 2020
Invicta – 23 005
Kalamia – 11 275
Pioneer – 12 137
Inkerman – 11 488
Total – 57 905
Price effective Tuesday, 11th August 2020
DIESEL – $1.05027 including GST
UNLEADED – $1.05136 including GST
To place orders, please contact the Kalamia Cane Growers office.
Monday, 10 August 2020
The October 2020 contract settled at: 12.67 US c/lb
The Australian Dollar currently trades at: 71.65 US cents
Forward indicative prices in Australian dollars are:
* $388 for Oct Contract – 2020 season
$395 for 2020 season
$382 for 2021 season
$366 for 2022 season
$358 for 2023 season
The 2020 Target Price Contract reflects a whole-of-season weighted average in a 3:2:1 ratio across the remaining three contracts.
For Growers who have chosen to roll 2020 – Season exposure, QSL will gross up their target price to be inclusive of roll costs incurred currently $0.58.
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Information sourced from QSL