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Aurora Energy (Tasmania)
Aurora Energy is a Tasmanian Government-owned electricity retailer in Tasmania, Australia. History Aurora was formed on 1 July 1998 under the ''Electricity Companies Act 1997'' by the disaggregation of the Tasmanian Hydro Electric Commission (HEC), and is subject to the ''Corporations Act 2001''. The company is wholly owned by the Government of Tasmania, with its two shareholders being the Minister for Energy (as the Portfolio Minister) and the State Treasurer, representing the State Government on behalf of the Tasmanian community. The disaggregated of the Hydro-Electric Commission resulted in the formation of three separate state-owned companies: Hydro Tasmania, which generates the power; Transend Networks, which transmits it across the state; and Aurora Energy, the retail arm, which sells and distributes it to customers. This was in anticipation of Tasmania joining the National Electricity Market (NEM), which took place in May 2005. A subsidiary company, Aurora Energy ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Corporation
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Electricity Market
The National Electricity Market (NEM) is an arrangement in Australia's electricity sector for the connection of the electricity transmission grids of the eastern and southern Australia states and territories to create a cross-state wholesale electricity market. The Australian Energy Market Commission develops and maintains the Australian National Electricity Rules (NER), which have the force of law in the states and territories participating in NEM. The Rules are enforced by the Australian Energy Regulator. The day-to-day management of NEM is performed by the Australian Energy Market Operator. NEM operations began on 13 December 1998 and currently covers Queensland, New South Wales, Australian Capital Territory, Victoria, Tasmania and South Australia. Western Australia and the Northern Territory are not connected to the NEM. The NEM comprises five regions, with the ACT being in the NSW region. Tasmania joined the NEM in May 2005 and became fully operational on 29 April 2006 whe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electric Power Distribution Network Operators In Australia
Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwell's equations. Various common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others. The presence of an electric charge, which can be either positive or negative, produces an electric field. The movement of electric charges is an electric current and produces a magnetic field. When a charge is placed in a location with a non-zero electric field, a force will act on it. The magnitude of this force is given by Coulomb's law. If the charge moves, the electric field would be doing work on the electric charge. Thus we can speak of electric potential at a certain point in space, which is equal to the work done by an external agent in carrying a unit of positi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Broadcasting Corporation
The Australian Broadcasting Corporation (ABC) is the national broadcaster of Australia. It is principally funded by direct grants from the Australian Government and is administered by a government-appointed board. The ABC is a publicly-owned body that is politically independent and fully accountable, with its charter enshrined in legislation, the ''Australian Broadcasting Corporation Act 1983''. ABC Commercial, a profit-making division of the corporation, also helps to generate funding for content provision. The ABC was established as the Australian Broadcasting Commission on 1 July 1932 by an act of federal parliament. It effectively replaced the Australian Broadcasting Company, a private company established in 1924 to provide programming for A-class radio stations. The ABC was given statutory powers that reinforced its independence from the government and enhanced its news-gathering role. Modelled after the British Broadcasting Corporation ( BBC), which is funded by a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Tax
A carbon tax is a tax levied on the carbon emissions required to produce goods and services. Carbon taxes are intended to make visible the "hidden" social costs of carbon emissions, which are otherwise felt only in indirect ways like more severe weather events. In this way, they are designed to reduce carbon dioxide ( ) emissions by increasing prices of the fossil fuels that emit them when burned. This both decreases demand for goods and services that produce high emissions and incentivizes making them less carbon-intensive. In its simplest form, a carbon tax covers only CO2 emissions; however, it could also cover other greenhouse gases, such as methane or nitrous oxide, by taxing such emissions based on their CO2-equivalent global warming potential. When a hydrocarbon fuel such as coal, petroleum, or natural gas is burned, most or all of its carbon is converted to . Greenhouse gas emissions cause climate change, which damages the environment and human health. This nega ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Energy Regulator
The Australian Energy Regulator (AER) is the regulator of the wholesale electricity and gas markets in Australia. It is part of the Australian Competition & Consumer Commission and enforces the rules established by the Australian Energy Market Commission. The AER was established in July 2005. The next year all 13 bodies previously responsible for energy regulation had transferred responsibility to the AER. Decisions made by the regulator are subject to appeal. Functions The AER's current functions are focused on regulating the natural monopoly transmission and distribution sectors of the national electricity market, monitoring the wholesale electricity market and enforcing electricity market rules. The AER's regulatory functions and powers are conferred upon it by the national electricity law and the national electricity rules. Under the national electricity law and national electricity rules, the AER's key responsibilities at the present time include: * regulating the revenues ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smart Meter
A smart meter is an electronic device that records information such as consumption of electric energy, voltage levels, current, and power factor. Smart meters communicate the information to the consumer for greater clarity of consumption behavior, and electricity suppliers for system monitoring and customer billing. Smart meters typically record energy near real-time, and report regularly, short intervals throughout the day. Smart meters enable two-way communication between the meter and the central system. Such an advanced metering infrastructure (AMI) differs from automatic meter reading (AMR) in that it enables two-way communication between the meter and the supplier. Communications from the meter to the network may be wireless, or via fixed wired connections such as power line carrier (PLC). Wireless communication options in common use include cellular communications, Wi-Fi (readily available), wireless ad hoc networks over Wi-Fi, wireless mesh networks, low power lon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tamar Valley Power Station
Tamar Valley Power Station is a $230 million natural gas-fired power station located in Bell Bay in the Tamar Valley, Tasmania. It is owned by Hydro Tasmania, and is immediately adjacent to the decommissioned Bell Bay Power Station, which is also owned by Hydro Tasmania. The station's total nameplate capacity is 388 MW, and includes four peaking units totalling 178 MW, and one base-load combined cycle unit of 210 MW. The four peaking units are: three 40 MW (total 120 MW) pre-existing (from the Bell Bay Power Station) Pratt & Whitney FT8 Twin Pac gas turbine alternators (Units 101-103), and a single 58 MW Rolls-Royce Trent 60WLE gas turbine alternator (Unit 104) commissioned in May 2009. The base-load unit is a 210 MW Mitsubishi M701DA gas turbine operating in combined cycle mode (Unit 201) which completed commissioning in September 2009. The Mitsubishi's combined cycle capacity of 210 MW includes 140 MW generated directly by the M701 gas turbine, and a further 70 MW generated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transend Networks
Transend Networks Pty Ltd was a Tasmanian government-owned business which operated between 1998 and 2014 as the electricity transmission network provider for Tasmania, Australia. It was formed by the disaggregation of the Hydro-Electric Commission, and ceased operation when it was merged on 1 July 2014 with the distribution division of Aurora Energy to form the combined network business TasNetworks. Transend transmitted electricity from power stations in Tasmania and on mainland Australia (via Basslink) to its customers around the state. Transend's customers included electricity generators, electricity retailers and major industrial customers. Transend was a participant in Australia's National Electricity Market (NEM). The NEM operates on an interconnected power system that extends from Queensland to South Australia. Tasmania is connected to the NEM via Basslink. Transend was a regulated monopoly that received its revenue cap from the Australian Energy Regulator The Austra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hobart
Hobart ( ; Nuennonne/ Palawa kani: ''nipaluna'') is the capital and most populous city of the Australian island state of Tasmania. Home to almost half of all Tasmanians, it is the least-populated Australian state capital city, and second-smallest if territories are taken into account, before Darwin, Northern Territory. Hobart is located in Tasmania's south-east on the estuary of the River Derwent, making it the most southern of Australia's capital cities. Its skyline is dominated by the kunanyi/Mount Wellington, and its harbour forms the second-deepest natural port in the world, with much of the city's waterfront consisting of reclaimed land. The metropolitan area is often referred to as Greater Hobart, to differentiate it from the City of Hobart, one of the five local government areas that cover the city. It has a mild maritime climate. The city lies on country which was known by the local Mouheneener people as nipaluna, a name which includes surrounding features such a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Disaggregation
In macroeconomics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time. It is often called effective demand, though at other times this term is distinguished. This is the demand for the gross domestic product of a country. It specifies the amount of goods and services that will be purchased at all possible price levels. Consumer spending, investment, corporate and government expenditure, and net exports make up the aggregate demand. The aggregate demand curve is plotted with real output on the horizontal axis and the price level on the vertical axis. While it is theorized to be downward sloping, the Sonnenschein–Mantel–Debreu results show that the slope of the curve cannot be mathematically derived from assumptions about individual rational behavior. Instead, the downward sloping aggregate demand curve is derived with the help of three macroeconomic assumptions about the functioning of markets: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
