re: Ann: Update - Victorian Coldry Project an... under appendix...

re: Ann: Update - Victorian Coldry Project an... under appendix A

Emissions charge
Emissions obligations that are not met through the surrender of eligible emissions units will need to be met by paying an emissions charge.
During the fixed price period, the emissions charge for the progressive surrender obligation and ?true up? (surrender) will be 1.3 times the fixed price for permits (that is, $29.90 for 2012-13, $31.40 for 2013-14 and $33.00 for 2014-15).
The emissions charge for any shortfall for a compliance year in the flexible price period will be double the average price of permits for that year.
The emissions charge will apply for each tonne of greenhouse gas emissions (carbon dioxide equivalent) for which an eligible emissions unit has not been surrendered.

black coal power stations have received no or little free carbon permits ,nor do they have the capacity to significantly reduce its carbon emission so any shortfall in a carbon trading scheme they may be able to buy it from Victoria , what a crazy situation but Ian Nethercote is still crying poor to get as many free carbon permits as possible.
Explains why no endorsement from LYP about coldry ,but that should change as allocations of free permit and cap will happen after november.