Any more free electricity and SA and Victoria will go broke.
In other news a few days ago, the retail price of electricity rose 16% in Victoria and the number of disconnections rose 21%.
In a highly critical report to be released on Tuesday, the Essential Services Commission accused energy retailers of running ineffectual hardship programs that saw customers cut off anyway in most cases. The commission reported power prices leapt 16 per cent last financial year, feeding a 21 per cent jump in the number of disconnections as 60,732 customers had their power cut off. The ESC said the number of disconnections in the last quarter of the financial year was one of the highest on record. — Sydney Morning Herald
Enjoy all the fun of watching our Australian Electricity Market in operation live as tens of millions of dollars get converted into income for AGL, Energy Australia, ENGIE, Origin and Snowy Hydro. No wonder they love renewables.
Why do we allow a few companies to own so many different and competing generators across the entire market?
h/t David B