ENERGY ROI
ADVERTORIAL
LIQUOR & GAMING
Energy ROI Duncan Livingston
Liquor & Gaming Jonathon Root
World and Australian energy markets have been very volatile recently – we all see this most obviously when looking at petrol and diesel prices each time we fill up the tank. Electricity prices are set to follow. Media outlets give us many reasons but not many solutions. In the last 12 months: • Gas prices have nearly doubled • Oil prices have nearly doubled • Coal prices have more than tripled (from $85/ ton to over $300/ton) Customers with standing-offer rates From July 1 2022, electricity prices in Tasmania are expected to increase by 2c/kWh to 5c/kWh for uncontracted customers on standing-offer rates (refer Aurora Energy’s website). Each year, in mid-June, the Tasmanian Economic regulator sets the price standing offer rates for the next financial year. Following several years of only small changes, this year may be different. Hopefully, the state government will again step in to limit the price rise for Tasmanian households and businesses. Contracted business customers Because Tasmania is connected to the national electricity grid, our prices are largely driven by interstate factors. Over the last couple of years oil, gas and coal were cheap and this helped prices to hit multi-year lows. With the current changes, over the next 12-18 months forward contract rates are very high (similar to what we see with petrol prices) but may fall somewhat from Q3-2024. If you have an electricity contract expiring in the next 1-2 years, then now is a good time to start watching the market and get ready to dive in when/if the market has a pull back. If you have an electricity contract expiring within the next 12 months, the best time to recontract was last year. In the current volatile market please seek advice early, so we can look out for opportunities for you to secure the least painful energy supply option.
Choice of retailers and tariff Tasmania now has more electricity energy retailers to choose from than ever before: 1st Energy, Glow Power, Covau Energy, Shell Energy, Aurora Energy, Flow Power, Future X and Energy Locals… and new ones every time I look. They all have multiple tariff offerings and some offer contracts while others simply offer casual month- to-month deals. How much power you use, when you use it, whether you have solar, whether you pay your bills on-time… many factors determine your best choice. Sometimes retailers are so keen to win customers they are willing to make a loss or no profit just to win you as a customer. People don’t change their retailer very often, so the loyal customers end up being the ones the retailer makes extra profit from. It pays to check your plan every year or two to make sure you still have the best deal. For energy at home, Elysian Energy is currently good if you use a lot of power. First Energy have a good plan for residential solar customers and for those using little power there is not much difference. Should you use an energy consultant? If you have time to get quotes from multiple retailers and compare the offers (each retailer will quote a bit differently making it difficult for most people to compare offers), as well as to account for all the hidden fees and charges - then you can deal directly with all the retailers. Otherwise talk to Duncan Livingston at Energy ROI Pty Ltd. They specialise in the Tasmanian Energy market and are a proud partner of the THA. If we can’t assist you, we will not charge you. We are here to help you maximise the return on
Tasmanian Liquor and Gaming Commission public consultation The Commission is undertaking a series of consultation activities in 2022 and has written to licence holders directly. Information on how to submit a response is available on the Consultation page of the Liquor and Gaming website. Consultation (current and pending) includes: • The implementation of harm minimisation technology, specifically facial recognition and player card gaming. Consultation is open now, to 5 May 2022. • A new set of draft Rules for CCTV Surveillance Standards. Feedback from gaming licence holders is invited by 20 May 2022. Submissions can be lodged by email to gaming@treasury. tas.gov.au. Introduction of the new Rules is planned for 1 January 2023. • The second review of the Responsible Gambling Mandatory Code of Practice from May 2022. The Code was introduced in 2012 to minimise harm from gambling in the Tasmanian community and to make gambling environments safer. Further information will be available closer to May. For further information please contact us By email licensing@treasury.tas.gov.au or gaming@treasury.tas.gov.au or By phone 6166 4040.
Information on the new venue licensing model, operational from 1 July 2023, can be found at www.gaming.tas.gov.au. This site explains what Licensed Premises Gaming Licence holders need to do to be ready on time. This will also be the place to submit an application for a Venue Licence, from July 2022. If you haven’t already, subscribe to the website for updates as new content is released. Minimise processing delays for applications The Liquor and Gaming Branch processes several thousand applications per year for gaming licences, and liquor licences and permits. It is important to provide information in full when submitting an application. This will ensure applications are processed without delays. An application missing information will not proceed for assessment until the information is supplied. In some cases, a new application may need to be submitted, restarting the assessment period. Applicants are encouraged to review the checklists available on the Liquor and Gaming website. These checklists include a list of information required for a complete application. Annual Liquor Licence Fees now overdue In line with the easing of COVID 19 public health measures, the two-year waiver of liquor licence annual fees covering most licence holders has now ceased. Any outstanding payments should be paid as soon as possible, by no later than 30 April 2022. Fees and payment options can be found on the Liquor and Gaming website > Fees > Licence, permit and accreditation fees.
your energy investment. www.energyroi.com.au duncan@energyroi.com.au
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Hospitality Review: June 2022 46
Hospitality Review: June 2022
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