Genesis not worried by lifting of ETS cap

Wed, 29 Aug 2018

By Gavin Evans Aug. 29 (BusinessDesk) - Genesis Energy, the country’s largest thermal generator, says it is not worried by proposals to lift the cap on carbon prices in the country’s emissions trading scheme. The company said it is important that consumers see the true carbon cost in the energy they use and noted that its recent increase in retail natural gas prices – its first since 2013 – is in part a reflection of a 20 percent increase in gas costs due to changes in the ETS regime. Chief financial officer Chris Jewell told analysts...

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