So you HAVE to add the costs for you gas/ coal/ batteries/ country rewiring ,
Why else is AGL investing heavily in batteries and renewables? Because they can make much much more money wtih governement guarantee even when they ARE NOT producing..guess who pays.
If wind & solar is so cheap why are prices going up again.
You need to look at not only production, but delivery & longevitvity.
Solar / Wind is setting us on a path for bankruptcy..
Power will NEVER be cheaper or come down in price (it will under Nuclear).
Why Australian electricity costs will continue to rise
he Australian Energy Regulator (AER) announced this week an increase in electricity prices for households with standing offer plans.
Electricity customers in NSW face the biggest increase in default market offer prices from 1 July, with power bills across the state to rise by between 6.1% and 9.1%.
AER chair Clare Savage says that while the price increase will put further pressure on households, it is necessary given the rise in wholesale and retail electricity prices over the last year.
Energy Users Association of Australia (EUAA) CEO Andrew Richards warned that electricity prices will stay high for the rest of this decade.
“I can’t see in the next five years that there is going to be downward pressure on prices”, he said.
Richards added that the physical rollout of renewables by 2030, as required under the Albanese government’s 82% renewable energy target (RET), is unfeasible.
The economic reality is that the latest report from AEMO, which warned of a massive surge in the cost of building transmission lines by up to 55%, makes it clear that there is a consequence of trying to build so much renewable infrastructure so quickly to meet the 2030 RET.
There is huge competition for all the materials, the contractors, workers, etc., which means that prices will rise considerably.
Even Tony Wood, energy director at the Grattan Institute, admitted that the full extent of a $20 billion-plus transmission build is yet to be seen on retail power bills, which will offset any lower wholesale power prices.
How much does the cost of power need to come down to cover teh $20 billion cost to build transmission lines...
If power costs arent coming down now, they never will .....(prices looking forward are going to go exponential)
