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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 European Energy ministers agreed, on 19 December 2022, on a price cap for natural Gas at €180 per megawatt-hour, [3] with Austria and the Netherlands abstaining and Hungary voting against. [2] This equates to about $55 per million British thermal unit .
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]
As part of the sanctions imposed on the Russian Federation as a result of the Russo-Ukrainian War, on September 2, 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in an effort intended to reduce Russia's ability to finance its war on Ukraine while at the same time hoping to curb further increases to the 2021–2022 inflation surge.
Oil jumped more than 4% on Friday as the G7 clamped down on Russian crude export price cap violations and uncertainty over the Israel-Hamas war intensifies.
On Tuesday, 3 March 2008, the Premier of Tasmania announced that the Government will consider a mid-year report on the introduction of minimum feed-in tariffs to support householders and small energy consumers using solar panels and other forms of domestic renewable energy and that provide surplus energy into the electricity grid.
Since the 2022 Russian invasion of Ukraine, the European Union, the G7 nations and Australia have imposed sanctions on Russia.The sanctions on oil began in December 2022 and included an embargo of Russian oil, namely, the bringing of crude oil and refined oil products from Russia to the EU and other G7 nations by ship, with a few exceptions.
The European Energy Certificate System (EECS) is an integrated European framework for issuing, transferring and cancelling EU energy certificates.It was developed by the Association of Issuing Bodies [1] to provide a properly regulated platform for Renewable Energy Guarantees of Origin, as proposed by the EU Renewable Energy Directive (RED).