Salaries to increase next year as companies move to lift pay freezes

first_img Share Different industries have experienced differing fortunes during the pandemic, and that is reflected in anticipated pay rises for 2021, with some expecting to take longer to recover that others. Michiel Willems “Many companies are looking ahead to 2021 with cautious optimism, which is reflected in slightly higher pay rise budgets than we saw this year,” Coull noted. “Not all industries have been impacted in the same way. While many technology and banking firms have been successful due to their ability to aid digital acceleration and financial liquidity, companies in the hospitality, leisure and airline industries have suffered,” Coull said. Salary trends in Europe Country2020 (awarded, in per cent)2021 (budgets, in per cent)UK2.22.4Germany2.12.4France1.82.0Italy1.82.1Spain2.02.0Netherlands2.12.5 Across Europe Thursday 3 December 2020 10:58 am As the Covid-19 pandemic swept through the country in March, companies were forced to revise down their pay rise plans, leading to average increases of 2.2 per cent this year, he added. whatsapp A similar picture is emerging across Western Europe, with most organisations in the major economies anticipating higher pay rises in 2021 than this year. The more upbeat findings come as this year saw a third of private sector companies freeze pay increases as they were curtailing costs. Next year, this is expected to fall to just over 3 per cent. More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.com “After a difficult year for employers and employees, battling lockdowns, employee safety issues, working from home and declining revenues, many employers are finding ways to manage their employees with a more focused work and reward strategy,” said Keith Coull, a senior director in Willis Towers Watson’s Global data services business. This contrasts with the industries that are most optimist about next year’s prospects including insurance (2.9 per cent), fintech (2.8 per cent) and business and technical Consulting (2.8 per cent). “We are also expecting many companies to be differentiating their allocation of pay rises, so that they can provide meaningful salary increases to their best and most valuable talent and prioritise spending on jobs that are likely to contribute the most to success or survival next year, Coull concluded. The number of UK companies expecting to freeze pay is expected to fall sharply next year, in a further sign of cautious optimism for 2021. Also Read: Salaries to increase next year as companies move to lift pay freezes UK private sector workers are set to receive average pay rises of 2.4 per cent in 2021, according to data released by Willis Towers Watson this morning. Also Read: Salaries to increase next year as companies move to lift pay freezes “The differences in how companies were impacted by the pandemic are likely to be heavily reflected in pay rise levels too,” he added. … and across the globe Country2020 (awarded, in per cent)2021 (budgets, in per cent)United States2.32.7Canada2.22.6China4.75.4Japan1.72.0India5.96.4Source: Willis Towers Watson Tags: Coronavirus The most pessimistic industries in the UK are leisure and hospitality, offering just 1.4 per cent average wage increases in 2021, followed by construction, property and engineering (1.8 per cent) and Aatomotive (1.9 per cent). Insurance and fintech Also Read: Salaries to increase next year as companies move to lift pay freezes Show Comments ▼ Salaries to increase next year as companies move to lift pay freezes whatsapp Leisure and hospitality Coull called it “perhaps surprisingly” that retail is among the industries expecting the highest pay rises in 2021, at 2.9 per cent, which may be a reflection on buoyant sales for some online retailers, and a reaction to the high number of pay freezes (48 per cent) taking place this year at others, he said. The largest increases are expected in The Netherlands, 2.5 per cent, and Germany, 2.4 per cent, followed by Italy (2.1 per cent), France and Spain (2%).last_img read more

Shock as government policy works! Why we need to keep the stamp duty holiday

first_imgSo here is my plea to the Treasury: stick with what you’ve done and keep the stamp duty holiday. It’s a rare ray of sunshine to come out of the pandemic. whatsapp Shock as government policy works! Why we need to keep the stamp duty holiday Mark BogardMark Bogard is chief executive of the Family Building Society Governments tax things either to raise money to spend, or to discourage you from doing them. When people move, it generates other economic activity (Getty Images) The stamp duty holiday is working — actually really, really well. Because there is also a social cost to a tax that discourages property transactions. People need to feel free to move, not be taxed to move. Move for more space when they start a family; move to be nearer work and reduce their commute; downsize rather than under-use the old family home — these moves are beneficial for society.  So, of course, the government plans to reverse it shortly. Share Opinion In fact, new OECD research shows that the UK has the highest burden of property taxes in the world. It is doubtful that Boris Johnson will be shouting about this piece of world-beating information. When people move, it generates other economic activity (Getty Images) Also Read: Shock as government policy works! Why we need to keep the stamp duty holiday Sadly, the stamp duty holiday is due to end on 31 March. The government should change course and keep going with it. This could be the first part of what might finally look like an integrated housing policy, something that this country has been crying out for, for decades. Of course, we need to build more homes too — and they need to be the right sort of homes in the right places. Given the tax on moving, often the temptation for households is to add more rooms to an existing property. But generally, houses are built to the limit designed for. When you can add on two extra storeys, is the existing structure really able to take it? Or are we just building the next big problem for ourselves? Far better, surely, to enable people who have outgrown their home to move to one better suited to them. Thursday 17 December 2020 4:55 am When people move, it generates other economic activity (Getty Images) Also Read: Shock as government policy works! Why we need to keep the stamp duty holiday center_img Income tax and national insurance raise more than 40 per cent of all the annual £825bn tax revenue. VAT is next at 16 per cent. These taxes are hard to avoid, unless you choose to be unemployed or don’t spend money. They are there to raise money. Strangely, this seemed to come as a surprise to Her Majesty’s Treasury. After the last big hikes in stamp duty in 2016, Treasury analysts forecast that the revenue raised would rise substantially. It hasn’t.   City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. In the footnotes to this announcement was an amazing statistic: “In 2019, expenditure on home-move related items was around five per cent of total consumption (ONS National Accounts data).”  Stamp duty on residential property transactions raised £8.4bn in the last tax year. That’s about one per cent of all the tax take. Like the tax on plastic bags, it’s really easy to avoid: just don’t move. Unlike the tax on plastic bags, it involves writing out a really significant cheque to HMRC: up to 12 per cent of the value of the property. In short, it is beneficial for the whole economy if people are encouraged to move more often, rather than staying put to avoid stamp duty. But that was pre-pandemic. As part of its efforts to kickstart the economy over the summer, the government introduced a stamp duty holiday up to £500,000 to help get the housing market going. It has worked really well. Indeed, the government itself announced in autumn that “the stamp duty holiday continues to help hundreds of thousands of jobs after a further 21.3 per cent boost in September”. Up until now, stamp duty has been gumming up the housing market. The consequences are so much broader than just looking at the tax take of stamp duty itself: it’s about jobs and social mobility too, and the overall economic benefit.  People have, of course, chosen to avoid the tax by moving a lot less.  Main image credit: Getty The tax on plastic bags, in contrast, raises about £70m a year. That’s about 0.008 per cent of the tax total, and it’s given to charity anyway. But the tax isn’t intended as a cash generator, it’s about changing behaviour. It has succeeded in reducing the use of new plastic bags by about 90 per cent. Even though we are only talking about 10p, people make a conscious effort to avoid the tax. When people move, it generates other economic activity. Moving house involves estate agents, solicitors, surveyors, local authority searches, removals, new carpets, painters and decorators, new furniture, plants — the list goes on. That equates to jobs for people, and tax for the government. That’s huge — and it means that the 21.3 per cent increase in residential property transitions from the summer adds a whole one per cent to total UK economic consumption.  whatsapp Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comlast_img read more

Red Carpet Concert: Willi Carlisle, ‘Boy Howdy, Hot Dog!’

first_imgArts & Culture | Folk Fest | Juneau | KRNN | KRNN Tune IN | KXLL | KXLL Tune InRed Carpet Concert: Willi Carlisle, ‘Boy Howdy, Hot Dog!’May 30, 2019 by Annie Bartholomew, KTOO Share:Arkansas songwriter Willi Carlisle stopped by KTOO to play his original tune, “Boy Howdy, Hot Dog!” as part of KTOO’s Red Carpet Concert series. The song was inspired by things his uncle said to him while growing up.Created in collaboration with Justin Smith of Rusty Recordings in Gustavus, this video is part of our Red Carpet Concert series, an ongoing music video project by KTOO Public Media. Watch this video and other Red Carpet Concerts, including QUEENS, at KTOO.orgShare this story:last_img read more

People / XPO strengthens sales management team in Europe

first_imgBy Mike Wackett 10/05/2017 Brad Jacobs-led XPO Logistics has strengthened its supply chain sales organisation in Europe with three management appointments.Mark Wilkinson (pictured above) joins with more than two decades’ supply chain experience across multiple disciplines. He will be responsible for XPO’s sales performance in Europe and will lead a team of business development directors.Prior to joining XPO Mr Wilkinson worked for Exel Logistics, which is now DHL Supply Chain.Meanwhile, a new appointment as business development director, industrial and automotive, is Pascal Born, who has extensive experience in sales and project management, including a 25-year spell at Caterpillar Inc.Pascal BornAnd finally, joining XPO as business development director, fashion and e-commerce is Max Alexander, who has spent nearly 30 years in the supply chain industry.Max AlexanderMr Alexander will be responsible for supporting in-country sales teams in the expansion of XPO’s fashion and e-commerce base, with an emphasis on the textile, garment and manufacturing sectors.Prior to joining XPO Mr Alexander ran his own successful business within the logistics sector and has also been a consultant to large e-commerce companies.last_img read more

ResTORbio drug study results weaken under scrutiny

first_img Small, low-quality biotechs burdened with weak pipelines will often design and analyze clinical trials in a way that almost guarantees executives the ability to claim victory, even if the preponderance of the data produced say otherwise.This is the dubious feat accomplished by ResTORbio (TORC) on Wednesday with a mid-stage clinical trial of a drug for respiratory tract infections. What is it? [email protected] STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. ResTORbio drug study results weaken under scrutiny Tags biotechdrug developmentSTAT+ Adam’s Take Senior Writer, Biotech Adam is STAT’s national biotech columnist, reporting on the intersection of biotech and Wall Street. He’s also a co-host of “The Readout LOUD” podcast. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED By Adam Feuerstein July 25, 2018 Reprints GET STARTED About the Author Reprints What’s included? @adamfeuerstein Adam Feuerstein Log In | Learn More Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.last_img read more

CDC advisory panel delays decision on Johnson & Johnson Covid-19 vaccine

first_img Helen Branswell “To be very frank, I do not want to vote on this issue today. I do not want to vote not to recommend the vaccine — I think that is not really something I necessarily believe. But I do not feel that we have … enough information to make an evidence-based decision,” Beth Bell, a global health professor at the University of Washington who is the chair of the committee’s Covid vaccines work group, said near the end of an afternoon of presentations and discussion. While most voting members of the committee — which advises the CDC — appeared to support extending the pause, some warned that inaction will have serious consequences for the effort to vaccinate people against Covid, both in the United States and beyond.Camille Kotton, clinical director of the transplant and immunocompromised host infectious diseases program at Massachusetts General Hospital, called the decision to suspend use of the vaccine “devastating” to efforts to vaccinate difficult-to-reach populations such as people who are housebound.And Nirav Shah, president of the Association of State and Territorial Health Officers, also expressed concern about the committee’s approach.“We are in a situation where not making a decision is tantamount to making a decision,’’ said Shah, who is a non-voting representative to the ACIP. “Any decision to pause will invariably result in the fact that the most vulnerable individuals in the United States, who were prime candidates for the Johnson & Johnson vaccine, will remain vulnerable. The most at risk will remain at risk.”Some outside experts who were watching the proceedings were also highly critical.“What they did is they punted,” said Paul Offit, a vaccine expert from Philadelphia Children’s Hospital who is on an FDA advisory committee that originally recommended the J&J vaccine be given emergency use authorization.“People look to recommending bodies … to make a recommendation. And I just think they didn’t do that. And now we’re just floating out there,” he said. The U.S. government’s recommended pause on use of the Johnson & Johnson Covid-19 vaccine is unlikely to be lifted for at least another week or 10 days, after a committee of independent experts declined Wednesday to vote on whether use of the vaccine should resume.The Food and Drug Administration and the Centers for Disease Prevention and Control urged states to stop using the J&J vaccine on Tuesday to seek advice from the expert panel on some rare but serious clotting problems seen in a small number of people who received the vaccine. Six cases have been identified — and J&J officials indicated a possible seventh is being investigated. One person has died.Many members of the Advisory Committee on Immunization Practices said they felt they had too little information to be able to estimate the benefits and risks of the vaccine, or to recommend its use be restricted to people in certain age groups.advertisement Related: @HelenBranswell About the Author Reprints JUSTIN TALLIS/AFP via Getty Images) By Helen Branswell April 14, 2021 Reprints Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day.center_img Why would a Covid vaccine cause rare blood clots? Researchers have found clues Privacy Policy Leave this field empty if you’re human: The decision to recommend that states stop using the J&J vaccine came after scientists monitoring a reporting system for adverse events following vaccination spotted what appeared to be a signal of a rare but serious problem experienced by some people who got the J&J vaccine. Tom Shimabukuro, a vaccines safety scientist at the CDC, called it “a success story” for the surveillance systems set up to look for rare side effects possibility linked to vaccination.The illnesses all occurred in women, though one man in the clinical trial of J&J’s vaccine also experienced these symptoms. The women were aged 18 to 48.Within a week or two of being vaccinated with the J&J vaccine, these women developed serious blood clots, while also having thrombocytopenia — low platelet levels in their blood. That is an unusual combination of conditions, because platelets help the blood to clot. The most troubling manifestation of the syndrome is something called cerebral venous sinus thrombosis or CVST, though some people also had pulmonary embolisms or clots in their lungs and clots in limbs.“These are significant blood clots,” Shimabukuro said. “This is unusual.”In announcing the decision to pause use of the vaccine, Peter Marks, the director of the FDA’s Center for Biologics Evaluation and Research, noted that there was a serious need to inform health care providers of the possibility that patients seeking care might be suffering from this syndrome. The normal course of treatment — a blood thinner called heparin — would actually be dangerous to use in these patients.A similar problem has been seen with AstraZeneca’s Covid vaccine, which led to a temporary pause of its use in some countries. Most now have resumed using the vaccine but many have limited its use to older adults.Many ACIP members stressed that the U.S. has other vaccine options. Neither of the mRNA vaccines, made by Moderna and the Pfizer-BioNTech partnership, have been seen to induce this problem. But several other committee members expressed concern about the message the U.S. pause could be sending about the J&J vaccine to the rest of the world, where the one-dose, inexpensive vaccine is expected to play a key role.“I recognize that our responsibility at ACIP is to individuals in the U.S. But I also feel the weight of the burden of a global responsibility that we all have and the impact that our decision making could potentially worsen inequities,” said Grace Lee, a pediatrician at Stanford University School of Medicine.Bell stressed that people shouldn’t interpret the ACIP’s decision not to recommend lifting the hold as evidence that the problem is more serious than first believed or that there is something fundamentally wrong with the vaccine. “That’s not the message that I want to send,” she said.But Offit said there was little other way to read the committee’s move.“I think you can’t help but interpret it as that,” he said.Correction: A previous version of this story misspelled Amanda Cohn’s surname. The committee’s executive secretary, CDC scientist Amanda Cohn, appeared to try to steer the committee toward lifting the pause for certain subsets of the population, but the group sidestepped that suggestion. One member of the committee, Drexel University pediatrics professor Sarah Long, recommended the pause be extended for at least a month, but CDC staff suggested additional data could be pulled together over a shorter time frame.advertisement Tags CoronavirusVaccines HealthCDC advisory panel delays decision on Johnson & Johnson Covid-19 vaccine Please enter a valid email address. Senior Writer, Infectious Disease Helen covers issues broadly related to infectious diseases, including outbreaks, preparedness, research, and vaccine development.last_img read more

IFB Summit: Is the Internet replacing advisors?

Share this article and your comments with peers on social media Facebook LinkedIn Twitter Rick Forchuk Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 2:53Loaded: 0%0:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -2:53 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. read more

Broker, agent who worked with subsidiary of Home Capital disciplined

first_imgCanadian Press An Ontario regulator says it has imposed disciplinary actions against a mortgage broker and agent who worked with Home Trust Co., a subsidiary of Home Capital Group Inc., over their handling of mortgages. The Financial Services Commission of Ontario (FSCO) says it conducted a review of 45 mortgage brokers and agents that Home Capital cut ties with after they were accused of falsifying income information several years ago. Facebook LinkedIn Twitter BFI investors plead for firm’s sale Mouth mechanic turned market manipulator Share this article and your comments with peers on social mediacenter_img Related news Keywords EnforcementCompanies Financial Services Commission of Ontario PwC alleges deleted emails, unusual transactions in Bridging Finance case FSCO says broker Gagandeep Duggal and agent Zaheer Mohammad were found to be in non-compliance with the province’s Mortgage Brokerages, Lenders and Administrators Act. The Superintendent of Financial Services with FSCO concluded that on six separate occasions Mohammad gave false income and employment information to a lender in the course of brokering mortgages. He was fined $43,853.64 and had his licence revoked in May of last year. The Superintendent also imposed a penalty of $5,000 last November against Duggal for providing false or deceptive information when dealing with mortgages. The health of Canada’s mortgage market has been a subject of much discussion in recent weeks, particularly after customers began pulling their deposits out of Home Capital, leaving the lender in a cash crunch. A Home Capital spokesman said it had no comment about FSCO’s regulatory actions. Last month, the Ontario Securities Commission alleged the company misled investors in their handling of a scandal involving falsified loan applications. Home Capital has said the OSC’s allegations are without merit and it will defend itself.last_img read more

2021 Harvey Norman All Stars teams announced

first_img2021 Harvey Norman All Stars teams announced Some of the best and brightest names in the NRL have been named to play in the first ever NRL Harvey Norman All Stars in Townsville.The NRL today announced the teams for the showcase on February 20, featuring the likes of Latrell Mitchell, Josh Addo-Carr, Jack Wighton, Cody Walker, Jarome Luai, Brandon Smith and Benji Marshall.Men’s Indigenous All Stars Coach Laurie Daley and Men’s Maori All Stars Coach David Kidwell have both named star-studded teams for the match, which will be the first major rugby league event at the new Queensland Country Bank Stadium.Premiers Melbourne Storm are strongly represented in both teams with seven players selected to play in the historic fixture.The teams for the Women’s All Stars match, the opening match of the double header, were also announced today.Tickets are available from just $25 for Adults and $50 for families from nrl.com/tickets.The All Stars matches will be broadcast live on the Nine Network, Fox League, SKY New Zealand and digital platforms 9Now and Kayo Sports into Australia.The 2021 NRL Harvey Norman All Stars is proudly supported by the Queensland Government, through their tourism agency, Tourism and Events Queensland, along with Stadiums Queensland. /NRL Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Brandon, digital, Government, Harvey, Harvey Norman, Indigenous, league, Melbourne, Mitchell, National Rugby League, New Zealand, Queensland, Rugby, sports, tourism, Townsville, womenlast_img read more

Electricity networks gear up to manage electric vehicle demands on grid

first_imgElectricity networks gear up to manage electric vehicle demands on grid On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced $1.6 million in funding to Jemena to undertake a residential electric vehicle (EV) managed charging trial with four other electricity networks in the ACT, Victoria and Tasmania.Jemena will work with Distribution Network Service Providers (DNSP) AusNet, Evoenergy,TasNetworks and United Energy on a 176 EV residential trial to demonstrate the use of hardware based smart charging directed by signals from networks as opposed to electricity retailers.The $3.4 million project will be the first time networks have played a direct role in EV charge management and will assist in their preparedness for the potential impacts of EVs on the electricity system.The networks will install network monitoring equipment to better understand the network conditions and impact of the EVs in real time. Based on this information, signals will also be sent by each network to an aggregation platform that will communicate with smart charging hardware to control EV charging.The trial will allow DNSPs to assess the potential costs and benefits of managed charging. This will enable the networks to minimise and justify future expenditure more accurately, while improving network infrastructure utilisation and enabling a lower cost integration of EVs for all consumers.ARENA’s funding will assist in purchasing smart charging hardware, network monitoring equipment, as well as program management costs for the trial. Hardware and software will be supplied and installed by JET Charge.ARENA has also supported Origin, AGL and ActewAGL to trial different technologies and approaches to managed EV charging, smart charging and vehicle-to-grid services. These trials explore both charging at optimum times of day for lowest cost and to reduce peak demand, as well as exporting power back to the grid.ARENA has previously supported the rollout of two ultra-fast charging EV networks across Australia by Chargefox and Evie Networks which have focused mainly on enabling travel on major highways between capital cities.Together, these ARENA funded EV projects not only help to address consumer range anxiety for EVs but are also demonstrating and informing the market on how EV charging can be managed at higher levels of uptake, with the lowest cost and greatest benefit to consumers.ARENA CEO Darren Miller said that while ARENA’s other EV projects involve networks in more of a consultative role, this project will put networks’ in the driver’s seat managing EV charging for the first time.“​As the penetration of EVs increases, it will be important to manage and orchestrate the charging of vehicles to avoid negative impacts on networks and costs and ensure the optimal outcome for all parties.“Networks will be key to this as they hold the ultimate responsibility for integrating EVs into their grids while maintaining security of supply and minimising costs,” Mr Miller said.“With more and more Australians buying electric vehicles, Jemena is playing its part to support this adoption while ensuring the electricity grid can manage the extra consumption, particularly in neighbourhoods that already have a high uptake of electric vehicles,” said Executive General Manager of Jemena Networks Shaun Reardon.As outlined in the Australian Government’s first Low Emissions Technology Statement, ARENA will also continue to support consumers choosing new vehicle technologies through the roll-out of the Future Fuels Fund. The Future Fuels Fund will help businesses and regional communities take advantage of opportunities offered by hydrogen, electric, and bio-fuelled vehicles. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Act, arena, AusPol, Australia, Australian, Australian Government, Australian Renewable Energy Agency, electric vehicle, electricity, Government, infrastructure, renewable, renewable energy, Tasmania, Tassie, technology, Victorialast_img read more