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WDS too cheap?, page-709

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martyburgo

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12/10/22

09:55

Post #: 64152096
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Originally posted by RVR: ↑

AUST today (extract):
ELECTRICITY COSTS ‘ARE POWERING INFLATION’
treasurer warns of risk
Greg Brown - Perry Williams
Electricity bills have risen by $300 for households and $1500 for small businesses since April, as Jim Chalmers warns that rising energy prices are risking pushing inflation higher than expected into the new year.
The Treasurer said the government planned further intervention in the gas market to push down domestic prices, signalling reform of regulations for LNG producers and a price trigger to redirect exports to the domestic market.
Dr Chalmers said “more can be done” to put downward pressure on gas prices than the heads of agreement struck between the government and producers to guarantee sufficient domestic supply next year.
“There is more that governments can do, and there will be more that we do,” he said.
“The way our gas industry regulation is set up has not been delivering the kinds of outcomes we want to see.”
The government has been considering reforming the Australian Domestic Gas Security Mechanism so the export trigger can be invoked when prices are too high, rather than its existing function to ensure there is enough supply.
With a major energy retainer warning that bills would rise by at least 35 per cent next year, Australian Competition & Consumer Commission chair Gina Cass-Gottlieb revealed electricity bills had increased by 25 per cent since April. “For electricity prices in the (national energy market), we have seen an increase of $300,” Ms Cass-Gottlieb said.
“That is a 25 per cent increase since April in the residential median bill. For small business, we have seen an increase of $1500.”

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So happy i am in the Caribbean for a few years and so immune to these rising power costs. I will just keep collecting the dividends from those paying the increased costs.
In saying that I do feel for the people in Oz paying increased costs when we have an abundance of coal, gas, oil, sun and wind. Poor government policies is what i believe to be the cause of this.

WDS Price at posting: $33.75 Sentiment: Hold Disclosure: Held
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Last $29.26		Change 0.030(0.10%)		Mkt cap ! $55.55B

Open	High	Low	Value	Volume
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WDS too cheap?, page-709

Saturn’s stars have aligned for the gold explorer’s Apollo Project

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Climate change to drive market trends to the moon

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

WDS too cheap?, page-709

Top Stories

Saturn’s stars have aligned for the gold explorer’s Apollo Project

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Climate change to drive market trends to the moon

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News