| Carbon Week |
| Carbon Week |
NSW coal and carbon contracts must align with the sale contracts said Peter Achterstraat, NSW Auditor-General. He said NSW hedge contracts would need to adequately capture the additional costs of emissions trading (ETS).
(Full Article)No trades were reported in AUEs in the week to 25 August 2008.
(Full Article)Peter Achterstraat, NSW Auditor-General said a confidential reserve price for each transaction needed to be set by Government, based on "retention value". This was the value if no-one offered to buy. NSW Treasury had not done a retention valuation, yet. A Retention Value was lower than the transaction value; and was a State secret. However it was not a secret to anyone interested to multiply MW/h by CO2-e. See above for the results at a low $20 a tonne/C02.
(Full Article)Reading between the lines of the NSW Auditor-General’s Report to the Legislative Assembly, warnings appeared, that the carbon market may render NSW generators un-sellable. The A-G referred to this as “material unquantifiable risk”.
(Full Article)The NSW Treasury had recommended delaying the sale of any generator until National Emissions Trading Scheme (ETS) details were known. if the Federal government meet its emissions trading policy deadline, the first generator transaction would proceed in 2009.
(Full Article)The trend was once again a downward one as the spots and Cal09s came off further. The spot market has now softened to a level ($6.00) that it has not breached since January.
(Full Article)The lower REC prices also mean that the Cal 08 strike levels are significantly below the $57.00 tax effective penalty.
(Full Article)REC values continue to slide.
(Full Article)