Some numbers I crunched, hefty increase..... what's this going to do to power prices and inflation?
Only few days ago in the Courier Mail was a story along the lines of "Albo warms to coal" and how QLD coal fired plants were vital in saving the energy shortage currently. A few generators were offline for maintenance and 1 blew up last year and blackouts were happening.... but they have brought 500mw online the last few days and literally saved the nation. Then we get Cameron DH stick the boot in. QLD has the most coal fired plants and the nation would be screwed without them.
Based on 2.2 million tonnes annual production sold $ AUD per tonne $ gross
revenue
millionsOld royalty $ millions New royalty $ million $ million increase % increased Old overall % royalty New overall % royalty 300 660 78 108.35 30.35 39 11.82 16.42 400 880 111.1 174.35 63.25 57 12.63 19.8 500 1,100 143.77 262.35 118.58 82.5 13.07 23.85
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Some numbers I crunched, hefty increase..... what's this going...
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