❓ Mr. Johnston questions the Minister for Energy regarding a claimed $1.6 billion saving in the electricity system since 2008, requesting a detailed breakdown of the savings components. The Minister's answer attributes $1.5 billion of the savings to changes in the Vesting Contract between Verve Energy and Synergy.
AnsweredQoN 7533Legislative Assembly
QuestionView source ↗
I refer to the Minister's statement in the media that the Liberal Government has saved $1.6 billion in the electricity system since 2008, and ask, can the Minster detail the actual savings components that make up this $1.6 billion?
AnswerView source ↗
Answered
2 May 2012
Responded by
Minister representing the Minister for Energy
Response time
42 days
The changes made to the Vesting Contract between Verve Energy and Synergy offer substantial savings when compared to forecast alternative potential supply options. It is estimated that the alternative available supply options would be up to $1.5 billion more than the agreement facilitated between Verve Energy and Synergy.
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