Kwinana Courier - - Opinion -

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

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.