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zzedzz

15,689 Posts.

28/02/24

17:37

Post #: 72652142
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Originally posted by acorn: ↑

" The wholesale component of the total price is about 28%. "

“Wind and solar power is far cheaper than electricity generated by gas, so an increased proportion of renewables will push prices lower,” the government said in its statement.

“This will unlock the potential for mining, processing, and manufacturing to produce carbon-neutral goods for the world’s markets – driving SA prosperity.” It said this synergy between investment and renewables is already being borne out by the contract to supply BHP’s Olympic Dam mine.

South Australia’s high proportion of renewables – which exceeded 75 per cent of generation in 2023 – is key to South Australian prices being far lower than the black-coal states of NSW and Queensland.

Generation and network costs are by far the biggest components of household electricity bills. Retailers must acknowledge that their costs have fallen – and pass on that price cut to households and businesses.

https://www.premier.sa.gov.au/media-releases/news-items/government-welcomes-power-price-fall-in-marke
" Why are interstate interconnections needed? Because SA needs to be saved when there is no wind and solar. "So South Australia can be genuine power exporter rather than a net importer like they used to be. Sorry l had to explain that for you .

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"South Australia’s high proportion of renewables – which exceeded 75 per cent of generation in 2023 – is key to South Australian prices being far lower than the black-coal states of NSW and Queensland."

A complete lie there.

SA consumer prices are the dearest in Australia but the SA Govt tries to tell everyone prices are the cheapest.

More of that woke noise that comes from the left!
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