Energy giants are again being threatened with "big stick" laws that could see their assets forcibly sold, as a new report shows some power prices have dropped.
The consumer watchdog has identified a significant fall in standing offer prices for long-term customers, after the federal government introduced a default market offer in July.However, the ACCC also found the lowest market offers from the three biggest retailers have increased since the changes were made."My message to the big companies is clear: they need to do the right thing by middle Australia," he said on Monday.
Our PM is now known as the Big Prick with a Big Stick. How good is Australia?
Coal plants. Lots of them.
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Govt to reintroduce 'big stick' energy legislation | Sky News AustraliaThe Coalition will reintroduce its ‘big stick’ energy legislation this week as power bills start to fall under tough new pricing laws. \n\nThe laws would enable the federal court to break up and sell the assets of an energy company accused of anti-competitive behaviour. \n\nAfter previously opposing the policy, Labor said it would take another look at the legislation. \n\nOpposition leader Anthony Albanese accused the Coalition of failing to come up with new ideas, saying “the government doesn’t have a plan for an economy that frankly, is in serious strife”. \n\nImage: News Corp Australia Re introduce Coal Power stations problem fixed 😂😂😂😂 My Power prices are up PS: PM Morrison you campaigned to lower power bills by 25%, 2019 election, NOT Happening 2016 Trump said NO to the Paris agreement, Today power cost in the USA 25-30% of what they are in Australia?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Energy firms feel heat as electricity prices fall and Coalition plans fresh crackdownHousehold energy bills are falling by at least $130 a year under pressure from tough new pricing laws on electricity retailers What. Absolute. Rubbish. Energy costs are falling as more wholesale energy is derived from renewable sources. Government regulation, stick waving & gesticulating has nothing to do with it. The market is driving the cost, not the government. simonahac research AEMO_Media
Source: smh - 🏆 6. / 80 Read more »
The bombings that brought Putin to powerIn 1999, hundreds of Russians died in a series of bombings. A grisly theory emerged that it was an inside job orchestrated to bring Vladimir Putin to power. Grisly theory for you.. 911 was an inside job In 2001, Thousands of Americans died in a series of attacks. A grisly theory emerged that it was an inside job orchestrated to empower the industrial military complex...... In Russia everything is possible. It is not surprising.
Source: newscomauHQ - 🏆 9. / 77 Read more »
US points finger at Iran over Saudi oil drone attack that could cause energy prices to spikeIran dismisses accusations by the United States that it was behind attacks on Saudi oil plants that risk disrupting global energy supplies. Right, nobody else in the region would benefit from us at war w/Iran. Just waiting for the day US claims Iran has weapons of mass destruction If people didn't know any better, they'd almost be forgiven for thinking the United States of Israel was perpetrating attacks, and wrongly blaming them on Iran as a pretext to war. Luckily history shows governments would never employ this tactic....oh wait.
Source: abcnews - 🏆 5. / 83 Read more »
Govt to reintroduce 'big stick' energy legislation | Sky News AustraliaThe Coalition will reintroduce its ‘big stick’ energy legislation this week as power bills start to fall under tough new pricing laws. \n\nThe laws would enable the federal court to break up and sell the assets of an energy company accused of anti-competitive behaviour. \n\nAfter previously opposing the policy, Labor said it would take another look at the legislation. \n\nOpposition leader Anthony Albanese accused the Coalition of failing to come up with new ideas, saying “the government doesn’t have a plan for an economy that frankly, is in serious strife”. \n\nImage: News Corp Australia Re introduce Coal Power stations problem fixed 😂😂😂😂 My Power prices are up PS: PM Morrison you campaigned to lower power bills by 25%, 2019 election, NOT Happening 2016 Trump said NO to the Paris agreement, Today power cost in the USA 25-30% of what they are in Australia?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Energy firms feel heat as electricity prices fall and Coalition plans fresh crackdownHousehold energy bills are falling by at least $130 a year under pressure from tough new pricing laws on electricity retailers What. Absolute. Rubbish. Energy costs are falling as more wholesale energy is derived from renewable sources. Government regulation, stick waving & gesticulating has nothing to do with it. The market is driving the cost, not the government. simonahac research AEMO_Media
Source: smh - 🏆 6. / 80 Read more »