Australia's largest stock trading and investment forum Australia's #1 stock forum

You bang on about whole sale , but that that is only good for...

First 37738 Last

Share
Profile

Follow
mudguts

12,403 Posts.

483

02/09/24

20:22

Post #: 75495324
Share

Originally posted by acorn ↑

Ah. That old chestnut .

Of course you don't want to talk about the facts.

SA records nation’s biggest fall in power prices
Release date: 23/04/24
South Australia has recorded the biggest price drops for wholesale electricity and gas in the nation, a new report by the Australian Energy Market Operator shows.

The falls indicate that the global gas price shocks are easing, and that renewable energy is driving down costs in South Australia.
The latest AEMO quarterly report published today shows the average wholesale electricity price for the first quarter of this year was $55 per megawatt hour in South Australia. That was $17 - or 24 per cent – lower than the average for Q1 in 2023.
Prices in Queensland ($118/MWh, up 13 per cent) were more than double the SA average, and SA was cheaper than NSW ($87/MWh, down 13 per cent) and Tasmania ($67/MWh, down 17 per cent).

https://www.premier.sa.gov.au/media...-records-nations-biggest-fall-in-power-prices

Here are current prices . Must be just a coincidence that we have a lot of renewable power in the system and the price is so low .

https://opennem.org.au/energy/nem/?range=1d&interval=30m&view=discrete-time

https://opennem.org.au/energy/sa1/?range=1d&interval=30m&view=discrete-time

Expand

You bang on about whole sale , but that that is only good for the greasy billionaires & labor mates that are cashing in.

If the cost of production is SO cheap, they MUST be mandated to pass that on to the consumer..just like super profits & regulating WOW & Coles Et al.

Consumer is being shafted & you are a sadist for the plight of the ordinary worker.
3 Upvote

Reply

Top Stories

RDN

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

ASX

ASX explains: How 'futures' are predicted

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

GMD

Genesis set for higher gold production in FY25 and earlier mill start

TAT

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT