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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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(20min delay)
Last $27.19		Change 0.550(2.06%)		Mkt cap ! $51.62B

Open	High	Low	Value	Volume
$27.00	$27.39	$26.93	$199.9M	7.360M

Buyers (Bids)

No.	Vol.	Price($)
6	107736	$27.19

Sellers (Offers)

Price($)	Vol.	No.
$27.23	50	1

View Market Depth

No.	Vol.	Price($)
2	6100	27.180
4	2013	27.170
1	1000	27.160
4	5127	27.150
1	13781	27.140

Price($)	Vol.	No.
27.230	50	1
27.240	687	2
27.250	100	1
27.260	102158	5
27.270	10374	2

Last trade - 16.10pm 30/08/2024 (20 minute delay)

WDS (ASX) Chart

WDS too cheap?, page-709

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

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Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

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Helix investor makes partial takeover bid, proposing board changes

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WDS too cheap?, page-709

Top Stories

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

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Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News