The Australian Energy Market Commission's electricity price trends report forecast mixed results across the country.
Victorian consumers are set to save $53 over the next three years, with an annual average price drop of 1.6 per cent. The cost to retailers of the compulsory purchase of renewable generation, under the Large Scale Renewable Energy Target, is coming down as solar, wind and hydro power generation become more cost effective.
like they were going to fall after privatisation eh, so we'll increase the price by 500% but then take off 3% and call it a win for consumers
That’s $30 a year over 3 years if you use exactly the same kw’s
Wow
Excellent - that’s another cup of coffee a month I can afford
great news but unfortunately the next mass extinction is rapidly approaching and you don't miss that bus just because you saved a few bucks
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Electricity prices forecast to fall across Australia over next three yearsPower prices are forecast to fall in most Australian states and territories over the next three years, with energy users in Queensland set to see the biggest benefit. Forcast by whom? I guess Victorians will have lower power bills when the blackouts kick in this summer. They will just have to spend that saved money on replacing all their food. This will not age well. I will believe it when it appears on my bill, until then it's just lovely fairytales.
Source: abcnews - 🏆 5. / 83 Read more »
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Source: abcnews - 🏆 5. / 83 Read more »
Power prices forecast to fall across the nation | Sky News AustraliaPower prices are forecast to fall in most Australian states and territories over the next three years according to forecasts released by the Australian Energy Market Commission. \n\nQueensland residents are expected to see the biggest benefit, with electricity prices expected to fall by 20 per cent by June 2022. \n\nNew South Wales prices are tipped to fall by 8 per cent, and Victoria and Tasmania by 5 per cent. \n\nThe ACT will see a 7 per cent drop, and South Australia by 2 per cent. \n\nThe Energy Market Commission said further investment in batteries, wind and solar will create an 'optimal mix' to meet low-cost power needs.\n\nImage: Getty *When you get a solar system :) They keep saying it. Still waiting! Over 3 years but not before they profit as much as they can, and most likely one more price hike so it remains above acceptable prices.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Sorry, Scott, the economy can't grow much without higher wagesI usually pooh-pooh all alleged recessions that have to be qualified with an adjective. But I’ll make an exception for the 'household recession'. 1RossGittins Scott knows, but short term profit is more important 1RossGittins I want to know where tax money goes to. Our education system is failing, fire fighters aren’t getting the help they need. It doesn’t even feel like Australia anymore. What has this government done? 1RossGittins We can't have higher wages without closed borders and repatriation, given the economy is now an immigration finance ponzi scheme it is unlikely any major party will ever fix the problem. Major civil conflict and systematic collapse are essentially a guarantee at this point.
Source: smh - 🏆 6. / 80 Read more »
NSW fire crews conduct 'critical backburning' ahead of extreme forecastA sense of urgency is felt by firefighters across NSW containment lines as they backburn long stretches of country roads ahead of dangerous fire conditions forecast for Tuesday. about time What caused the fires in 1851
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Bill Shorten least popular leader since 1990: election studyVoters swung to the Coalition on the economy, tax and leadership, while they swung to Labor on the environment. This makes me soooooooo happy! 😂🤣 Shorten certainly didn't do himself any favours but this was mostly a hatchet job by right wing media. The NSWTF takes $90,000 a week from casual and temporary teachers without any intention of providing support to them in opposition to their permanent colleagues. No wonder Labor tanked.
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