Post by NFA on May 20, 2022 18:14:19 GMT 8
[ RTWT plus comments ]
Shocking electricity price rises starting in Australia — so bad that small retailers ask customers to leave
May 20th, 2022
It’s the day before the election and all through the house, electricity bills are doubling…
The price rises are so extraordinary one retailer is asking their customers to leave “in the next 24 hours”.
The price rises are so extraordinary one retailer is asking their customers to leave “in the next 24 hours”.
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But the graph also shows that when brown coal wins the bidding stack, the prices are still only 2 cents per kilowatt hour.
So the hidden truth here is that if we had more brown coal plants the global disruption wouldn’t matter. We’ve left ourselves vulnerable by pushing it out of the grid.
So the hidden truth here is that if we had more brown coal plants the global disruption wouldn’t matter. We’ve left ourselves vulnerable by pushing it out of the grid.
...
Given the enormous reserves in La Trobe Valley, Victoria could be a powerhouse of cheap energy and manufacturing, since the coal doesn’t have to be transported anywhere, but Dan Andrews decided to change the weather instead.
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Probably too soon to change many votes
While this will be top of mind for people getting these astonishing letters, most Australians won’t realize what might be coming. This news hits so late and only affects small retail customers at the moment. Larger retailers have longer hedging contracts and news media coverage has been small.
And since most conservatives have not pushed back against the myth of Cheap Renewables they probably wouldn’t benefit from these disconcerting rises in any case. A Labor-Green-Teal alliance would make energy twice the price in half the time, but there are plenty of confused Australians who think that wind and solar power can change the weather and give them cheap power too.
While this will be top of mind for people getting these astonishing letters, most Australians won’t realize what might be coming. This news hits so late and only affects small retail customers at the moment. Larger retailers have longer hedging contracts and news media coverage has been small.
And since most conservatives have not pushed back against the myth of Cheap Renewables they probably wouldn’t benefit from these disconcerting rises in any case. A Labor-Green-Teal alliance would make energy twice the price in half the time, but there are plenty of confused Australians who think that wind and solar power can change the weather and give them cheap power too.