Tag Archives: electricity prices

Turnbull goes feral on electricity

Last week AEMO, the Australian Energy Market Operator produced two reports on future of electricity markets. The Coalition government under Turnbull cherry picked the reports in a way that was almost infantile, going completely feral, politicising the energy policy, making clear that bipartisanship will be avoided at all costs.

On Saturday at the Country Liberals annual conference in Darwin, he said this:

    “I mean, Blackout Bill, fair dinkum, as my old dad would have said, he is so hopeless he could not find his backside with both hands.”

The electricity issue has been folded into his “kill Bill” strategy. Continue reading Turnbull goes feral on electricity

AEMO sees electricity markets reshaped

While Malcolm Turnbull equivocates on a Clean Energy Target, he has called the electricity retailers to Canberra once again to jawbone them about electricity prices. Yet the industry keeps telling him the single factor most needed to bring electricity prices down is more investment in renewable energy, which would be facilitated by a Clean Energy Target (CET).

Whether the CET is central or not, it is what the industry believes. But Turnbull will not move until he has a report from AEMO on what the future need for ‘baseload’ power will be, which in the minds of hardcore recalcitrants within his own party, means coal-fired power, throbbing away.

Giles Parkinson says Turnbull does not need baseload, he just needs balls. Continue reading AEMO sees electricity markets reshaped

Electricity retailers reap rich rewards

For a billing service that needs to invest no more than renting an office, hiring some staff and buying office furniture and computers, rewards for an electricity retailer are rich indeed. In this post I publish some comments I sent to our local ABC Mornings presenter, Steve Austin, who has taken up the cudgels on behalf of consumers who are hurting from electricity price rises. Austin is fighting the good fight but unfortunately regularly misfiring. Then, while I was writing those comments, information came through of another Victorian investigation, which is a bit of a bombshell.

Sophie Vorrath at RenewEconomy has a post Failed experiment: Now it’s retail arms gaming energy consumers with the grisly details. Continue reading Electricity retailers reap rich rewards

AER, ACCC and the ABC join the fray on Qld electricity prices

In last Tuesday’s post It’s gas, not renewables, pushing up electricity prices the federal Minister Josh Frydenberg attacked the Queensland government through it’s state-owned generators for “gaming the system”, which, he said gave Queensland the nation’s most expensive electricity, costing jobs. In that post Queensland’s electricity was shown to be low compared to those of the other eastern mainland states, in recent years and in recent months the lowest.

The state has now been attacked by the AER (Australian Energy Regulator) and by the ACCC. At the end of it all, Steve Austin, the host of Mornings on Brisbane’s local ABC, sank the boot in. So what to make of it all? Continue reading AER, ACCC and the ABC join the fray on Qld electricity prices

It’s gas, not renewables, pushing up electricity prices

There has been a war about electricity prices reflected in front page headlines. For example:

Continue reading It’s gas, not renewables, pushing up electricity prices

Australia puts the brakes on wind

Wind power, seen as inherently evil by our national government, was in danger of taking over in South Australia. So something had to be done to slow it down, right?

How about if the wind blows strong providing cheap power we mandate that the gas must be turned up as well, so the wholesale price goes up instead of down?

It seems absurd, but that is what has been done. Continue reading Australia puts the brakes on wind

Climate clippings 209

1. Power price wave slams business

That was the headline on the front page of the AFR on Friday.

Households are facing increases of up to 20 per cent, but businesses on five-year contracts signed in 2012 are facing hikes of as much as 83%. Continue reading Climate clippings 209

Climate clippings 200

1. Murdoch media continues the energy wars

The Murdoch media continues to lay the blame on renewables, a notion specifically rejected by AEMO, leading to a Twitter battle between SA minister Tom Koutsantonis and The Australian’s Adelaide bureau chief, Michael Owen.

2. AEMO embraces change in the SA blackouts report

Continue reading Climate clippings 200

Retailers gouging electricity prices: Grattan

AGL, Origin and Energy Australia are gouging electricity retail prices, according to a report by The Grattan Institute titled Price shock: Is the retail electricity market failing consumers?.

The report which focusses on Victoria finds that electricity retailers charge a margin double what other retailers make, for doing little other than marketing a service we are going to buy anyway, and sending out a bill. Continue reading Retailers gouging electricity prices: Grattan

Climate clippings 198

1. LiquidPiston engine

The innovative LiquidPiston engine, mentioned by BilB, is targetting a global market worth $460 billion. It has a power to weight ratio more than ten times better than a regular engine:

The big bruiser on the left puts out 35 HP, the one on the right 40 HP. Continue reading Climate clippings 198

Electricity prices: Turnbull’s central policy scare campaign

Prime Minister Malcolm Turnbull addressing the National Press Club last week, described energy as a “defining debate of this parliament”.

His speech set out Turnbull’s vision for Australia’s energy future – covering renewable energy, “clean” coal, gas, power prices and electricity security. He talked up coal, saying Australia as a big exporter needs to show we are using state-of-the-art clean coal-fired technology.

The Climate Council ran a Fact Check and found clean coal is NOT A THING.

    Large-scale wind and solar plants are already cheaper than new “more efficient” coal plants, and waaaay cheaper than coal plants with CCS.

You might expect that from the Climate Council, but Ben Potter in the Australian Financial Review reports that just about everyone is saying the same thing. Continue reading Electricity prices: Turnbull’s central policy scare campaign