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IEEFA Australia: Hit to power bills from coal bail-out plan

Energy Security Board’s unnecessary $2.9 - $6.9 billion payment for power station capacity will come at a high cost to consumers

20 August 2021 (IEEFA Australia): Households may soon face a new charge on their power bills – potentially double that from the carbon price – if Energy Ministers agree to a proposal for a new capacity payment to power companies, according to a new report prepared by the Institute for Energy Economics and Financial Analysis […]

IEEFA U.S.: Army Corps of Engineers requires full environmental review for Formosa petrochemical project in Louisiana

Decision made as heavily polluted Louisiana community continues to battle Formosa

A massive petrochemical complex proposed for an already heavily polluted community in Louisiana must undergo a thorough and public environmental analysis.  The Army Corps of Engineers has reversed its earlier position and issued an Aug. 18 memorandum directing officials to prepare a full environmental impact statement (EIS) to assess the potential environmental impacts of the […]

August 18, 2021 Read More →
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IEEFA U.S.: Delays, damages and poor service: LUMA Energy’s first two months highlight privatization flaws

Puerto Ricans face challenges in early months of LUMA takeover, highlighting need for stronger oversight

August 16, 2021 (IEEFA)—Failures and frustrations identified in the first two months of LUMA Energy’s operation of Puerto Rico’s energy grid highlight underlying flaws with the privatization contract, according to an analysis by the Institute for Energy Economics and Financial Analysis.  Since the June 1 takeover, Puerto Ricans have experienced significant problems as a result […]

IEEFA Australia: Solar export tax is two steps forward, one leap backwards for electricity consumers

An unhelpful “solution” to a problem that’s already been solved

A milestone decision announced yesterday requires electricity distribution networks (local poles and wires companies) to support energy exports from household rooftop solar systems, batteries, electric vehicles (EVs) and other consumer energy devices. IEEFA notes the Australian Energy Market Commission’s (AEMC) new rules are two steps forward, one leap backwards for electricity consumers. AEMC has made […]

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