tag:blogger.com,1999:blog-4314112685994399920.post2518706608518129110..comments2024-03-28T07:44:28.089+11:00Comments on Tasfintalk: Hydro's Basslink problems: Part 3tasfintalkhttp://www.blogger.com/profile/04012719835733649162noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4314112685994399920.post-40760116147324743782017-03-29T16:03:07.311+11:002017-03-29T16:03:07.311+11:00Nice stuff dear. I like it read your post generat...Nice stuff dear. I like it read your post <a href="http://www.power-rite.co.uk/" rel="nofollow"><b>generator maintenance</b></a> & <a href="http://www.power-rite.co.uk/index.php/services/new-and-used-generator-sales/" rel="nofollow"><b>used generator sales</b></a>Anonymoushttps://www.blogger.com/profile/04842235433694870467noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-37624428511405251092016-02-29T18:00:41.594+11:002016-02-29T18:00:41.594+11:00who is the operator who potentially frizzled the c...who is the operator who potentially frizzled the cable - is the tassie treasury/taxpayer on the hookAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-55030863176631209572016-02-17T09:37:34.624+11:002016-02-17T09:37:34.624+11:00OK Thanks John. I sort of get the structure, it...OK Thanks John. I sort of get the structure, it's the principle of signing contracts that are so grotesquely one sided that's baffling. Perhaps it's all like the pulp mill saga, get the lawyers for the project to draft the laws? Small wonder our economy is so feeble.Blogmeisterhttps://www.blogger.com/profile/07563969411678243689noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-3231435864397700162016-02-16T14:14:25.377+11:002016-02-16T14:14:25.377+11:00Mike, this is the way I understand it works.
All ...Mike, this is the way I understand it works.<br /><br />All users continue to buy electricity via the NEM. With Basslink down there is only one generator, Hydro, who can supply in our region (apart from the Woolnorth and Musselroe wind farms).<br /><br />Big users and Aurora all have agreements with Hydro, which covers most, if not all their needs Whatever NEM may charge them for electricity, the hedge contracts with Hydro means they only have to cough up for the contacted price. <br /><br />If it costs Hydro more to produce, then Hydro bears the cost.<br /><br />Hydro still has an unused facility with Tascorp of $200 million, but is struggling to service what it has already. It needed a $205 million transfer from TasNetworks in 2014/15. Another $70 m is expected from TN this year and $50m in 2016/17 according to the TN annual return.<br /><br />At this stage it looks like Basslink shares some of the losses via facility fee reductions in the case of small interruptions, but its losses are capped by the level of the fee. <br /><br />In the case of prolonged outages where HT ends up being greatly out of pocket, then HT, or ultimately we, pay.<br /><br />The contract looks a bit one sided? Mr Groom certainly looks under pressure when he fleetingly appears on TV these days.tasfintalkhttps://www.blogger.com/profile/04012719835733649162noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-55533259760410324932016-02-14T13:39:34.935+11:002016-02-14T13:39:34.935+11:00In the case of Basslink not being able to provide ...In the case of Basslink not being able to provide power for an extended period, who specifically is contractually going to pay for the costs of producing and distributing the power. This issue is current of course, with diesel generator costs about to run into the tens of millions just for fuel! As it stands, it sounds like the taxpayer pays, given all that you've revealed that would make the contract virtually useless.<br />Mike Bolan (mike.bolan@gmail.com)Mike Bolannoreply@blogger.com