❓ Hon Ken Travers inquires about the cost of electricity under a new Synergy contract for Hillarys Boat Harbour, Fremantle Fishing Boat Harbour, and Albany Waterfront Marina. The response details cost changes, price adjustment mechanisms, and forward estimates inclusion.
AnsweredQoN 1767Legislative Council
QuestionView source ↗
I refer to the new contract with Synergy for the supply of electricity, and ask: (a) what was the additional annual cost of the electricity under the contract; (b) how much as a percentage did the cost of the electricity increase by when compared to the cost of electricity under the previous contract; (c) does the contract provide for set increases in future years and, if not, how will the price of electricity in future years of the contract be determined; (d) what is the estimated increase in the cost of electricity in each year of the contract; (e) is this additional cost included in the forward
estimates; and (f) if no to (e), how much additional funding will be required in each year of the forward estimates?
estimates; and (f) if no to (e), how much additional funding will be required in each year of the forward estimates?
AnswerView source ↗
Answered
3 December 2014
Responded by
Parliamentary Secretary representing the Minister for Transport
Response time
43 days
Hillarys Boat Harbour and Fremantle Fishing Boat Harbour
(a) $264 287 for the 2013-14 financial year.
(b) 7.36 per cent for the 2013-14 financial year.
(c) The contract allows for quarterly price adjustments in line with the Line Loss Factors (as published by the Independent Market Operator) and the CPI for the peak and off peak energy components; for quarterly price adjustments of the daily service charge in line with the CPI; and a direct pass through of all other costs imposed by Western Power, the Independent Market Operator and the Federal Clean Energy Regulator.
(d) The estimated increase in the cost of electricity in each year of the contract is:
· 2013-14 - $264 287 increase (actual).
· 2014-15 - $284 568 decrease (reduction in costs due to the abolition of the carbon pricing mechanism from 1 July 2014).
(e) Yes
(f) Not applicable
Albany Waterfront Marina
(a) For the 2013-14 financial year there was no additional cost. There was a reduction of $2 886.
(b) For the 2013-14 financial year was a decrease of 13.3 per cent.
(c) The contract allows for an annual price adjustment in line with the CPI for both the energy component and the supply charge.
(d) The estimated increase in the cost of electricity in each year of the contract is:
· 2013-14 - a decrease of $2 886 (actual).
· 2014-15 - a decrease of $3 105 when compared to 2013-14 (reduction in costs due to the abolition of the carbon pricing mechanism from 1 July 2014).
(e) Yes
(f) Not applicable
(a) $264 287 for the 2013-14 financial year.
(b) 7.36 per cent for the 2013-14 financial year.
(c) The contract allows for quarterly price adjustments in line with the Line Loss Factors (as published by the Independent Market Operator) and the CPI for the peak and off peak energy components; for quarterly price adjustments of the daily service charge in line with the CPI; and a direct pass through of all other costs imposed by Western Power, the Independent Market Operator and the Federal Clean Energy Regulator.
(d) The estimated increase in the cost of electricity in each year of the contract is:
· 2013-14 - $264 287 increase (actual).
· 2014-15 - $284 568 decrease (reduction in costs due to the abolition of the carbon pricing mechanism from 1 July 2014).
(e) Yes
(f) Not applicable
Albany Waterfront Marina
(a) For the 2013-14 financial year there was no additional cost. There was a reduction of $2 886.
(b) For the 2013-14 financial year was a decrease of 13.3 per cent.
(c) The contract allows for an annual price adjustment in line with the CPI for both the energy component and the supply charge.
(d) The estimated increase in the cost of electricity in each year of the contract is:
· 2013-14 - a decrease of $2 886 (actual).
· 2014-15 - a decrease of $3 105 when compared to 2013-14 (reduction in costs due to the abolition of the carbon pricing mechanism from 1 July 2014).
(e) Yes
(f) Not applicable
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