FED: Electricity sector call for "pass through" clause for ETS

AAP General News (Australia)
08-07-2008
FED: Electricity sector call for "pass through" clause for ETS

Electricity companies intend to pass on any extra costs from a move to an emissions
trading scheme .. despite receiving federal government compensation.

Fairfax newspapers say clauses for carbon adjustment are now being added to future
electricity supply contracts.

And an environmental lobby group says the move will also see the coal-fired sector
pass costs of tackling climate change to consumers.

JEFF ANGEL from the Total Environment Centre says he's obtained the December minutes
of a meeting of the Australian Financial Markets Association .. which shows the addition
of carbon adjustment clauses was discussed for new electricity supply contracts.

He says the message for the government is DON'T give the coal-fired generators any subsidies.

AAP RTV dr/fdf

KEYWORD: CLIMATE CLAUSE (SYDNEY)

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