Call to action, page-12

Reading another article in today's fin review about how corporations have a growing and serious power cost problem that is impeding their competitiveness. I guess having one of the best solutions to this problem is right within VIV and hence the growing order book. More interest slowly waking up with any luck. dyor


Part of article

Industrial users of energy are still being slugged with steep increases in electricity and gas prices, with some facing a potential tripling in their power bills later this year as contracts come up for renewal.
Government and regulatory efforts to rein in runaway energy bills appear to have had little impact, putting jobs and investment on the line. Some manufacturers complain that the government intervention last year into east coast LNG exports had only created a hugely uneven playing field for users.
Victorian metals processor Ace Metal Treatment Services is struggling to break even this year after being forced to sign up to an expensive $16-a-gigajoule contract for its gas last year, before a softening in prices later in the year that has since slightly reduced contract prices, said general manager David Karney.
On electricity, Ace has received quotes for supply to its main site south-east of Melbourne at 13¢-15¢ per kilowatt-hour, a massive jump from its existing 4.5¢-per-kilowatt-hour contract, which expires this year.

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