The AER, which sets power prices and power price caps in NSW, South East Queensland and South Australia, plus Victoria’s Essential Services Commission, lodged their new default market offer price caps for electricity this morning.
I want to know how the regulator came up with an increase is justified when gas and coal are lower in cost than when Putin invaded Ukraine? Is someone in there blind?
Don’t understand the increases. Natural Gas and Oil now well below Russian invasion of Ukraine. Must be that stupid fucking renewable bullshit.