❓ Mr. Buswell questions the Minister for Energy about projected residential tariff increases needed to ensure the financial viability of Verve Energy and other electricity corporations. The Minister avoids providing a specific percentage, instead highlighting an ongoing review of residential tariffs.
AnsweredQoN 617Legislative Assembly
QuestionView source ↗
VERVE ENERGY - GENERAL RESIDENTIAL TARIFF 617. Mr T. BUSWELL to the Minister for Energy: I refer to the annual report of Verve Energy for 2006-07, which was tabled last week, in which the chairman stated - The first full year of Verve Energy has been tough. We recorded a net loss after tax of $52.3 million and a net debt increase of $80 million. . . . . . . the financial transition required by Verve Energy will necessitate an increase in wholesale power prices. By what percentage was the Office of Energy advised that the general residential tariff will need to increase between now and 2012 to ensure that Verve Energy and the other electricity corporations are financially viable? Mr F.M. LOGAN
AnswerView source ↗
I am surprised that the shadow Treasurer does not listen more carefully to what I say in this place. Several members interjected. The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
VERVE ENERGY - GENERAL RESIDENTIAL TARIFF
I refer to the annual report of Verve Energy for 2006-07, which was tabled last week, in which the chairman stated - The first full year of Verve Energy has been tough. We recorded a net loss after tax of $52.3 million and a net debt increase of $80 million. . . . . . . the financial transition required by Verve Energy will necessitate an increase in wholesale power prices. By what percentage was the Office of Energy advised that the general residential tariff will need to increase between now and 2012 to ensure that Verve Energy and the other electricity corporations are financially viable? Mr F.M. LOGAN replied: I am surprised that the shadow Treasurer does not listen more carefully to what I say in this place. Several members interjected. The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
. . . . . . the financial transition required by Verve Energy will necessitate an increase in wholesale power prices.
. . . the financial transition required by Verve Energy will necessitate an increase in wholesale power prices.
Mr F.M. LOGAN replied: I am surprised that the shadow Treasurer does not listen more carefully to what I say in this place. Several members interjected. The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
I am surprised that the shadow Treasurer does not listen more carefully to what I say in this place. Several members interjected. The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
Several members interjected. The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
VERVE ENERGY - GENERAL RESIDENTIAL TARIFF
I refer to the annual report of Verve Energy for 2006-07, which was tabled last week, in which the chairman stated - The first full year of Verve Energy has been tough. We recorded a net loss after tax of $52.3 million and a net debt increase of $80 million. . . . . . . the financial transition required by Verve Energy will necessitate an increase in wholesale power prices. By what percentage was the Office of Energy advised that the general residential tariff will need to increase between now and 2012 to ensure that Verve Energy and the other electricity corporations are financially viable? Mr F.M. LOGAN replied: I am surprised that the shadow Treasurer does not listen more carefully to what I say in this place. Several members interjected. The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
. . . . . . the financial transition required by Verve Energy will necessitate an increase in wholesale power prices.
. . . the financial transition required by Verve Energy will necessitate an increase in wholesale power prices.
Mr F.M. LOGAN replied: I am surprised that the shadow Treasurer does not listen more carefully to what I say in this place. Several members interjected. The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
I am surprised that the shadow Treasurer does not listen more carefully to what I say in this place. Several members interjected. The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
Several members interjected. The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
The SPEAKER : Order! I call to order the member for Roe and the member for Cottesloe. Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
Mr F.M. LOGAN : As I say, I am surprised the shadow Treasurer does not listen a bit more carefully, rather than continue to interject with smart comments, because, if he had listened a bit more carefully, he would have heard me announce in my ministerial statement - and announce earlier than that as well - an inquiry by the Office of Energy into what the residential tariff should be post-July 2009. That review is underway, and if the shadow Treasurer would like to make a submission to that review - Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
Several members interjected. The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
The SPEAKER : Order, members! Order, member for Cottesloe! Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
Mr F.M. LOGAN : If the shadow Treasurer would like to make a submission or put any comment he would like to that review, along with all the other people who are making their submissions, he is more than entitled to. It is a pity that he does not even know that the review is on.
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