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Fantastic program on RN about electricity prices

Home Forums OVER THE BACK FENCE General chat and catching up Fantastic program on RN about electricity prices

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  • #258150
    Eira ClaptonEira Clapton
    Participant

    Just thought I would alert you all to the Radio National website where you can listen to a great program about why electricity got so expensive recently in Australia.

    Interesting comments about the way demand for electricity is going down, not up. Some of this is due to the fact that 1 in 3 houses now has some solar panel generation.

    Very interesting about the ‘gold plating’ of the grid -why this is happening- and who is paying. (no prizes for guessing)

    Program hereclick here

    #535635
    slowlynowslowlynow
    Member

    The program basically said the companies that did the largest (maybe unecessary) upgrading were the most profitable, as they could regain costs + 10% from the customer! So gold plating the key to profit!

    How do we stop this ludicrous situation??

    #535636
    Eira ClaptonEira Clapton
    Participant

    I think there are several issues here:

    1. most people don’t know that the gold plating the electricity companies were doing was the main reason for their bills going up, and that it was unnecessary in some cases

    2. The electricity model which relies on a constantly rising demand is not working any more. Demand is falling. Therefore they will search around for a way to replace their profits.

    3. I think that as soon as there are some affordable storage options, people will unplug from the grid.

    If you have shares in an electricity generator, perhaps think of selling!

    #535637
    SnagsSnags
    Member

    Here is a good article on renewable targets.

    Basically Abbott has put a climate sceptic mate in charge of a review on renewable targets.

    looking at removing them

    An CEC review suggests short term it costs a little extra, long term it saves heaps to maintain renewable targets.

    The Abbott government has commissioned a review of the target, headed by senior business figure Dick Warburton, who is sceptical of the science underpinning human-caused climate change.

    But

    The modelling, commissioned by the Clean Energy Council

    The report concludes that having the target in place means average household power bills would be $11 to $22 a year higher until 2017-18 than if no more renewable-energy projects were built under the scheme.

    But the modelling finds that at the end of the decade, the boost to renewable-energy facilities would displace the need to use more gas power as growing energy demand returns, keeping wholesale power prices low.

    The report says that as a result, average household power bills would be $51 lower in 2020 than if the target was lifted, and an average of $100 a year lower after 2020.

    Read more: http://www.smh.com.au/environment/households-face-higher-power-bills-by-2020-if-renewableenergy-target-is-scrapped-study-finds-20140429-zr1ec.html#ixzz30JYPGeJ0

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