The 2007 Nobel Peace Prize has been awarded to former US vice president Al Gore this week for his ongoing campaign to battle climate change.
Mr. Gore has stated this week that global warming is "posing a great unprecedented threat to the future of our civilisation."
He and Intergovernmental Panel on Climate Change (IPCC) chairman Rajendra Pachauri, accepted the Nobel Peace prize on behalf of the United Nations body being honoured for their work and commitment.
In Oslo to accept the prize, Mr. Gore told reporters "It is a question of the survival of our civilisation the prize has already caused increased attention to the problem of moving along to solve the crisis of climate.''
He has said of the prize that includes a diploma, a gold medal and USD1.8 million dollars (AU$2 million) that he will donate the prize money to the Alliance for Climate Protection, a campaign group that aims to cut emissions and reduce global warming.
Tuesday 15 January 2008
NSW to sell off electricity companies.
It has been announced by New South Wales Premier Morris Iemma, that the state owned electricity retailers of NSW will be sold off.
The sale is expected to save taxpayers in the region of $15 billion dollars over the next 10 to 15 years. The sale will also ensure the states supply and reliability into the future.
New South Wales has three state owned retailers which will face the sale, they are Country Energy, Energy Australia and Integral Energy.
The retail arms of these businesses will be privatised, however the structural assets will remain in government ownership.
The Premiers aim is to raise the funds needed for a new baseload power station while offering existing power stations to private operators on ninety-nine year leases.
It has also been announced that the Independent Pricing and Regulatory Tribunal (IPART) will continue to provide consumer protection for retail customers and regulate the states energy prices.
Leon Hayes of Switchselect.com has said the public of New South Wales should be aware that IPART will ensure that there are no sudden price hikes in the electricity market until 2013 or until such time as the government believes that there is enough competition to ensure prices are kept low.
Many companies are offering fantastic deals to retain and acquire new customers.
The sale is expected to save taxpayers in the region of $15 billion dollars over the next 10 to 15 years. The sale will also ensure the states supply and reliability into the future.
New South Wales has three state owned retailers which will face the sale, they are Country Energy, Energy Australia and Integral Energy.
The retail arms of these businesses will be privatised, however the structural assets will remain in government ownership.
The Premiers aim is to raise the funds needed for a new baseload power station while offering existing power stations to private operators on ninety-nine year leases.
It has also been announced that the Independent Pricing and Regulatory Tribunal (IPART) will continue to provide consumer protection for retail customers and regulate the states energy prices.
Leon Hayes of Switchselect.com has said the public of New South Wales should be aware that IPART will ensure that there are no sudden price hikes in the electricity market until 2013 or until such time as the government believes that there is enough competition to ensure prices are kept low.
Many companies are offering fantastic deals to retain and acquire new customers.
Queensland's wholesale electricity prices reach $10,000 per mWh.
The price limit, set by the Australian Competition and Consumer Commission was hit as a result of high demand on the National Electricity Market.
The $10,000 limit which was reached for the cost of electricity in Queensland been supplied into the National Grid. Rising temperatures and increased power use are said to be the cause for the high demand.
Switchselect.com's Steven Glover said that although this price rise directly effects the wholesale market there is every possibility that if prices continue to soar, eventually retail customers will see the effects.
There has never been a better time to compare energy prices in Queensland. Customers must be aware of the cost of electricity especially at this time of the year when household energy use increases.
Mr. Glover has reported that since July this year when Full Retail Competition began in Queensland thousands of customers have made the decision to switch energy suppliers.
The $10,000 limit which was reached for the cost of electricity in Queensland been supplied into the National Grid. Rising temperatures and increased power use are said to be the cause for the high demand.
Switchselect.com's Steven Glover said that although this price rise directly effects the wholesale market there is every possibility that if prices continue to soar, eventually retail customers will see the effects.
There has never been a better time to compare energy prices in Queensland. Customers must be aware of the cost of electricity especially at this time of the year when household energy use increases.
Mr. Glover has reported that since July this year when Full Retail Competition began in Queensland thousands of customers have made the decision to switch energy suppliers.
Launch of Switchselect.com Blog
Welcome,
With the launch of Switchselect.com we welcome you to the Switchselect.com blog. Jam packed full of news, features on utilities and ways for you to save.
Thank you all for your support and we look forward to providing you with Australia’s premier comparison and switching service.
Happy switching,
With the launch of Switchselect.com we welcome you to the Switchselect.com blog. Jam packed full of news, features on utilities and ways for you to save.
Thank you all for your support and we look forward to providing you with Australia’s premier comparison and switching service.
Happy switching,
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Steven Glover and Leon Hayes
Founders of Switchselect.com
