Modelling shows 35 per cent jump in electricity prices By Nick Toscano, SMH, yesterday Electricity bills for Australian homes and businesses are set to rise by at least 35 per cent next year as suppliers warn the build-out of renewable energy and critical transmission infrastructure is failing to keep pace with coal-fired power station shutdowns.
Alinta Energy, the nation’s fourth-biggest power generator, on Monday said it had conducted modelling that suggested current wholesale electricity prices would drive the significant 35 per cent jump in retail tariffs in 2023.
Origin Energy, the nation’s second-largest power generator, agreed that retail tariff increases of around 35 per cent next year were likely.
“Based on current wholesale prices, those orders of magnitude sound familiar to me,” Origin chief executive Frank Calabria said.
Buy outdoor pot, boys and girls. Greenhouse and indoor gives you headaches. Just ask the shareholders of CAN and Cannatrek - our primary producing competitors - when they look at their power bills into the future.
