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Origin Energy Ltd is an ASX listed public company with headquarters in Sydney.It is a major integrated electricity generator, and electricity and natural gas retailer. It operates Eraring Power Station, Australia's largest coal-fired power station, in New South Wales, which it plans to close in 2025.
The purpose of it was to invest solely in companies or projects in energy-related infrastructure.This was by providing mezzanine debt and private equity to energy projects and companies mainly in OCED countries. It would also target one-off negotiated private transactions with small- and mid-cap energy companies. [3] [4] [5] [6]
Under the proposed scheme, micro-generators can sell 30% of the excess electricity they produce and export it back to the grid. The price that electricity will be sold at is being formulated during the consultation process. [50] Poland has introduced net metering for private and commercial renewable energy sources of up to 50 kW in 2015. [51]
The EU can deactivate the cap in the event of an emergency such as a risk of loss of supplies. [26] The cap will not apply to private gas trades, those arranged outside energy exchanges, although there is an option to review this later, once the price cap is in force. [27]
On 27 February 2011, Eraring Energy entered into Generation Trading Agreements (GTA) with Origin Energy as part of the New South Wales Government's energy reform process with changes to the business as follows: The output from Eraring Power Station and the Shoalhaven Scheme Power Stations are separately contracted with Origin Energy.
It is now owned by Origin Energy. [2] The power station was originally built with a generating capacity of 40 MW, [1] and now has a generating capacity of 80 MW. It is used as a peaking power plant. [2]
Russia charged an export duty on oil products, in May 2023 Light Oil products was $4.2 per tonne (compared to $12.9 in December 2022), Naphtha duty was $7.9 and gasoline $4.3 per tonne. [19] From 1 January 2024 the export duty fell to zero as Russia changed the taxation system to add oil to the Mineral Extraction Tax regime. [20]
A 205 kilometre pipeline transports the gas to the station from gas fields near Wallumbilla. [2] The power station uses less than 3% of the water that a traditional coal powered power station does by utilising air-cooled technology. [3] [4] Origin Energy developed the power station and the construction costs for the project were $780 million. [4]