I REFER to S. Cruden's letter ‘All talk no details’ (Weekend Courier 15.9.17). Synergy’s annual report tabled a loss of $12.6 million, an improvement on the previous year's $32.3 million loss.
Reduced sales of electricity and gas caused a loss in revenue of $27.4 million and a worsening underlying position with an impairment of $126.5 million on plants earmarked for closure.
Synergy REBS scheme pays 7.13 cents a Kwh while they report their own generation costs at around 30 cents a Kwh. Any new generator of electricity will look at that bench mark figure with trepidation. With global gas prices expected to soar the future of electricity is looking green. MICHAEL WHITWORTH, Safety Bay