The Australian Energy Regulator released its default market offer on Thursday which sets a cap on how much power retailers can charge residential customers.
Stream more on politics with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2022The AER cited rising wholesale costs, compounded by the conflict in Ukraine which has led to “significant” pressure on coal and gas around the world for the increase.In a statement the AER’s chair Clare Savage said the decision was “difficult” to make.
“Setting the DMO is not about setting the lowest price. We are required to set a price that will allow retailers to recover their costs, earn a reasonable margin and support retailers to compete and offer better deals and products in a competitive retail environment. Expected incoming energy minister Chris Bowen laid the blame on his Coalition predecessor, Angus Taylor. Picture: Gaye Gerard
The reason is the governments insistance on subsidising solar and wind at the consumer’s expense. End the subsidies now.
And so it’s the coalition’s fault blame game commences “Expected incoming energy minister Chris Bowen laid the blame on his Coalition predecessor, Angus Taylor.”
Don't worry about it......The greenies solar and twirly whirlies are going to save us all. Lol.
Albo said we would be better off under the ALP. I trust him 🤣🤣🤣🤣
Wild how the immediate reactions is ‘THE GOVERNMENT DID THIS?!’ rather than reading the article. It’s clearly related to the war in Ukraine
The coal and gas are ours, it is not imported. What is this?
Nationalization, ie. by state &/or federal govts, effort of some energy supply ought to occur to reduce costs & secure uninterrupted supply. AnnastaciaMP AlboMP
Scott
Get fixing Labour Bowen and Albo you promised.
Go Labor! Woo! Just what we all need. 🎉👏🏼
Albo is why!
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Power bills to rise by up to 8pc from July 1Electricity prices in NSW and Queensland will rise by up to 8.2 per cent in NSW and 5.5 per cent from July 1, as the war in Ukraine and soaring coal and gas prices inflate wholesale prices. Wait until we start paying for the $20 billion upgrade to infrastructure... That is in real terms - in nominal terms, add 5.5%..... Morrison said they went down. Byebye scott
Source: FinancialReview - 🏆 2. / 90 Read more »
Australian households face steep power bill increases as generation costs soarCustomers in NSW could see power bill increases of up to 18%, South Australia almost 20% and parts of Queensland could see rises of 12% Too much focus on renewables, slow implementation and now we are facing unprecedented power increases, partly due to a fall in investment in the oil and gas sector and global wars. Should have focused on a planned, balanced transition strategy. Thanks to the LNP and their love of privatisation Angus Taylor legacy
Source: GuardianAus - 🏆 1. / 98 Read more »
Power bills to rise by up to 8pc from July 1Electricity prices in NSW and Queensland will rise by up to 8.2 per cent in NSW and 5.5 per cent from July 1, as the war in Ukraine and soaring coal and gas prices inflate wholesale prices. Wait until we start paying for the $20 billion upgrade to infrastructure... That is in real terms - in nominal terms, add 5.5%..... Morrison said they went down. Byebye scott
Source: FinancialReview - 🏆 2. / 90 Read more »
Power bills expected to rise over the coming monthsget a grip and buy a fucking jumper Where's all that cheap renewable stuff There you go all those smart Teal/Labor voters and just the beginning. Wage increases will flow through all our costs and accelerate Inflation. Also the greener the energy becomes the higher the price will skyrocket if they can maintain supply?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Victoria raises standing offer power prices 5pcThe first signs of the price surge feeding through to household power bills came on Tuesday as the Victorian regulator announced a 5 per cent average increase in standing offer power bills from July 1. Why was this not announced before the election? Was LNP involved in keeping this news from being announced before the federal election?
Source: FinancialReview - 🏆 2. / 90 Read more »
Morning mail: power bill update delayed, war crimes, Albanese meets BidenWednesday: Australians left in dark about electricity price rises until after election. Plus: Australian-Korean hip-hop crew 1300 shocked by their success
Source: GuardianAus - 🏆 1. / 98 Read more »