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Power companies say expect higher electricity bills within months

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Coal prices are increasing as European countries scramble to reduce their reliance on energy sourced from Russia, and it threatens to create new cost-of-living pressures to test the government and opposition ahead of the federal election. auspol

Australia’s energy generators are warning households and businesses face higher electricity bills within months after coal prices jumped due to the Russian invasion of Ukraine and floods in Australia.

“Higher wholesale prices in specific regions of the National Electricity Market will impact the prices customers pay over time.” Wood also questioned Labor’s forecast for its plan to lower power prices by investing in transmission line upgrades to bring in more renewable energy. Labor has said its energy policy would save bill payers“They really should be more cautious in their forecasts because the federal government has very little control over so many of the variables that drive power bills,” Wood said.

 

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I think the holier than though globalist eco warrior EU might have some trouble meeting the emissions reduction targets. Hope they take a break from lecturing other countries.

Hang on, Australia has massive coal reserves and we export a lot. Time to end this lunacy of exporting our resources then paying some overseas country to import coal back AlboMP RichardMarlesMP ScottMorrisonMP JoshFrydenberg SkyNewsAust newscomauHQ 7NewsAustralia abcnews

...after the election so Albanese can be blamed for this, the fuel price rises and interest rate increases foreshadowed now.

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Power companies say expect higher electricity bills within monthsAustralia’s energy generators are warning that electricity bills could rise within months as coal prices increase in the aftermath of the Russian invasion of Ukraine | micksfoley micksfoley local generators buy their coal on the global spot market now ,? arnt they liked to a domestic mine where the price of coal hasnt changed ,how does global and domestic get mixed ,if the price is high enough will domestic coal go overseas ,its a joke right ? micksfoley Don't we produce our own coal? auspol micksfoley Vote LNP out Australian they blaming all your inflation on the Russian war. it’s no longer Covid inflation.
Källa: smh - 🏆 6. / 80 Läs mer »

Power companies say expect higher electricity bills within monthsAustralia’s energy generators are warning that electricity bills could rise within months as coal prices increase in the aftermath of the Russian invasion of Ukraine | micksfoley micksfoley local generators buy their coal on the global spot market now ,? arnt they liked to a domestic mine where the price of coal hasnt changed ,how does global and domestic get mixed ,if the price is high enough will domestic coal go overseas ,its a joke right ? micksfoley Don't we produce our own coal? auspol micksfoley Vote LNP out Australian they blaming all your inflation on the Russian war. it’s no longer Covid inflation.
Källa: smh - 🏆 6. / 80 Läs mer »