will force more companies to close their operations and move offshore.
Mr Partridge said higher electricity prices in Australia would force the company to move more operations overseas, including the United States, where gas was significantly cheaper. “We are dealing with not just the Victoria renewable energy target but also the safeguard mechanism. You can’t just sprinkle fairy dust on everything and think it will be ok.”– which was based on untested hydrogen and 9 gigawatts of offshore wind replacing coal-fired power – predicted lower electricity prices in the long term, but acknowledged there would be a spike in prices between 2025 and 2035 as coal is pushed out of the grid.
Big energy companies, like Origin Energy, AGL, EnergyAustralia and Alinta Energy, were blindsided by comments by Energy Security Board chairwoman Anna Collyer at this month’s Australian Financial Review Energyif the 44 gigawatts of clean energy wasn’t delivered in time by 2030.
Says the LNP aligned company boss, to the Ex LNP treasurer chaired newspaper 🤔
Yep, if power becomes expensive, raw materials are cheaper elsewhere, wages get too high or somebody overseas offers better incentives we might pack up and move. Situation normal. Nothing here.
Prices have spiked already
Haven’t prices spiked already? The move to renewables is inevitable, just Victoria is leading the way
Yes, we will self immolate our economy for manufacturing to just move offshore, so we end up broke, but the coal is still burnt... Just in another country to the benefit of another working class.
Weird article. Apparently this is the fault of renewables. 🤦🏻 “Brickworks was facing a doubling of gas when it came off contract in 2025, given current prices. It was facing $20 to $30 a gigajoule for gas in Australia, compared with $3 a gigajoule in the US.
Good luck with that, where’s it cheaper we’ll all move there
What if energy prices are cheaper? Like in Tasmania, home of 100% renewable energy? We should have companies knocking down our door if this was the truth
Remember when Aussie dollar was above parity with USD and all the car manufacturers shut down local factories because it’s “too expensive” to make their models locally..and look at the exchange rate since they close down..it’s not really about energy costs..more profit offshoring
But if energy prices spike because all the coal stations break down while we ship all our gas off shore they'd be happy to pay, you know to make sure the world burns.
Energy prices spike 3x under liberals, this mope stays quiet. Energy price theorised to increase in the future under labor, this mope says he's moving offshore.
We must have lead in the water because if people think this is the way to go they’re brain damaged. By killing of the remaining industry we have because we can’t power it while the rest of the world ramps up is insane. Our emissions are nothing compared to China.