Table 22: Model comparison Model 1 Model 2 Model 3 Model 4 Responsibility Government Government Government and Industry Industry Stock type Tickets only Physical stock Physical stock Physical stock and tickets and tickets and tickets Funding General budget Probably levy Budget or levy + Industry pass or levy industry pass through through Compliance Meets the IEA Uncertain may Good Good Good – obligation not be volume available Time to secure first Good: ~ 1 1.5 Good: ~ 1 Good: ~ 1 1.5 Poor:~ 4-5 – – – stock (tickets) years 1.5 years years years Possible time to full Average: 5-10 Average: Average: ~10+ Poor 10-15 compliance years if possible ~10+ years years years at all Security Allows participation in Good Good Good Good collective international action (stock release) Improves domestic Poor - Average Good Good Good security Cost estimate 2016 assuming full compliance all models Estimated capital $0 $4,163 $4,148 $4,121 required (AUD millions) Estimated per annum cost including capital $264 $296-495 $305-496 $492-696 recovery (AUD millions) Per litre charge if on 0.5 0.6-1.0 0.6-1.0 1.0-1.4 products (AU cpl) Cost estimate 2022 assuming full compliance all models Estimated capital $0 $9,738 $9,722 $9,695 required (AUD millions) Estimated per annum cost including capital $573 $840-1,106 $649-1,107 $1,103-1,582 recovery (AUD millions) Per litre charge if on 1.1 1.2-2.2 1.3-2.2 2.2-3.1 products (AU cpl)
Table 22: Model comparison Model 1 Model 2 Model 3 Model 4 Responsibility Government Government Government and Industry Industry Stock type Tickets only Physical stock and tickets Physical stock and tickets Physical stock and tickets Funding General budget or levy Probably levy Budget or levy + industry pass through Industry pass through Compliance Meets the IEA obligation Uncertain – may not be volume available Good Good Good Time to secure first stock (tickets) Good: ~ 1 – 1.5 years Good: ~ 1 – 1.5 years Good: ~ 1 – 1.5 years Poor:~ 4-5 years Possible time to full compliance Average: 5-10 years if possible at all Average: ~10+ years Average: ~10+ years Poor 10-15 years Security Allows participation in collective international action (stock release) Good Good Good Good Improves domestic security Poor - Average Good Good Good Cost estimate 2016 assuming full compliance all models Estimated capital required (AUD millions) $0 $4,163 $4,148 $4,121 Estimated per annum cost including capital recovery (AUD millions) $264 $296-495 $305-496 $492-696 Per litre charge if on products (AU cpl) 0.5 0.6-1.0 0.6-1.0 1.0-1.4 Cost estimate 2022 assuming full compliance all models Estimated capital required (AUD millions) $0 $9,738 $9,722 $9,695 Estimated per annum cost including capital recovery (AUD millions) $573 $840-1,106 $649-1,107 $1,103-1,582 Per litre charge if on products (AU cpl) 1.1 1.2-2.2 1.3-2.2 2.2-3.1
nesa-identified-issues-aust-energy-oil-obligation-2012.docx