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Thanks for this article. I am making a video clip on the upcoming COP15 conference. would it be possible for me to use the image at the top of this great article please? It expresses very well the carbon-trading approach to the issue of climate change!

thx
Jay

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And if you think South Wales is asking questions I still have a few for Florida Power and Light (FPL). Primarily, “Why the heck am I being charged a “lost revenue” charge on my electric bill?”

I mean, heck, a couple of hurricanes and they (FPL) can’t deliver electricity to my house and I have to pay for the electricity that was never produced or used.

Oh wait that kinda sounds familiar…

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Admittedly, the recent stimulus spurge was inevitably going to cause inflation and part of this is no doubt attributable to inflation. However the retail and wholesale markets are split in New South Wales so electricity production is delivering wholesale electricity into the grid at around 3c / kWhr. This winter was a bit milder than expected (mostly due to almost constant rain all winter filling the night sky with heavy cloud) so the normally high winter demand didn’t happen — thus wholesale rates actually went down this year.

http://www.aemo.com.au/data/avg_price/averageprice_main.shtml

It costs this much to produce the electricity:

|–|

Sells to householders for this much:

|——————–|

The difference being (supposedly) the cost of some copper wires and metering. Why are these wires and meters more expensive than last year? Hard to explain really.

I’d very much appreciate some public attention paid to where the money actually goes, if anyone knows how to track that down.

As background to Yankee readers: the “Premier” is roughly our equivalent to a state governor and Morris Iemma was our premier who handed some millions of dollars to the Catholic Church as a thankyou for the pope making a visit, then tried his best to run the state bankrupt but used the money supply shortage as a grandstanding manoeuvre in an attempt to sell off the electricity supply. The unions (who form the basis of Iemma’s own party) didn’t like the idea of selling off the electricity, the established party decision making process concluded that selling off the electricity should not happen, but Iemma defied both the unions and his own team in a weird act of public political suicide resulting in both the failure to push through the sale and the Iemma’s own sacking.

Now the replacement Premier is trying to sell off the state lotteries (one of the few parts of the government fully guaranteed to make a consistent profit forever), and quietly pumping up the retail price of that very electricity distribution system that remained in government hands. Presumably it can only be seen as a punishment for the people and industries of this state in revenge for the failure to privatise.

As further background, New South Wales has been consistently amongst the lowest performing states in Australia, regularly beaten by our east-coast neighbours Queensland and Victoria in growth, employment, manufacturing, etc.

The carbon tax and ETS legislation at the federal level actually failed to get through, but we are being made to pay extra anyhow — this seems to be how Democracy works these days.

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Tel,thank you very much! I love your style of comments! Keep it up and thanks for not coming down hard on me!

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I am a conservative and AGW sceptic and proud of it. Have a look at some of my other musings at http://www.corybernardi.com . You might like what you read.

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I would think that the term “Liberal” would be defined the same way all over this World… guessed wrong.

May I suggest: http://www.liberalhistory.org.uk/

The meaning of “Liberal” has drifted greatly over time, and drifted in different directions depending on country… which just shows that politics has a great many more dimensions than the meaningless left/right division that is constantly pushed at us.

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