The Forum > General Discussion > NSW power without pride
NSW power without pride
- Pages:
-
- 1
- 2
- 3
- ...
- 16
- 17
- 18
- Page 19
- 20
- 21
- 22
- ...
- 24
- 25
- 26
-
- All
The National Forum | Donate | Your Account | On Line Opinion | Forum | Blogs | Polling | About |
Syndicate RSS/XML |
|
About Us :: Search :: Discuss :: Feedback :: Legals :: Privacy |
Deliberately ending his sentence with a preposition, Forrest gloated over his new discovery.
Forrest, in reading over the planning and legislative background that had established his little empire of wind farms of the dispossessed (in a DEUS document titled 'NSW Renewable Energy Target Explanatory Paper', see: http://209.85.173.104/search?q=cache:qlBArXX7umwJ:www.deus.nsw.gov.au/Publications/NRET%2520Explanatory%2520Paper%2520FINAL.pdf+Renewable+energy+certificate+market&hl=en&ct=clnk&cd=14&gl=au), realised that he had acquired a double whammy along the way!
Forrest's windmills didn't just crank out electricity with or without pride. They also cranked out paper money, in the form of Renewable Energy Certificates (RECs). Ridgy didge, totally legit, lucre!
Every time one of the windmills made a megawatt hour of electricity that fact was duly recorded on a meter, and a certificate was issued. These certificates had a market value: not a volatile market value such as shares on the world-wide stockmarket were currently displaying, but a very stable, almost predictable, market value. Forrest was collecting lots and lots of these RECs. A 1 MwH REC was currently worth around $45, Forrest thought. By 2020, Forrest's vision, via WHIRLYGIG, saw a price of around $70 per REC (expressed in 2008 dollar terms).
The thing was, Forrest had realised, his 20 year government contract customer, the Kurnell Desalinator, looked like it fell within a very special category with respect to the NSW Renewable Energy Target (NRET) legislation: the category of an 'energy intensive, trade exposed consumer'. That meant that Forrest, when he resold electricity he bought from other sources to the Desalinator, would not be liable for the NRET levy! That would give him a virtually permanent marketing edge!
'Energy intensive, trade exposed, consumer': what a clever way of saying 'aluminium smelter', thought Forrest. The authors of the NRET Explanatory Paper were definitely Forrest's kind of people.
DEUS. Ex machina? Forrest wondered.