Origin Energy profit surges 110% in FY 2018, as orgy of money-making by Australia’s big three gen-tailers continues, fed by high power prices.
Australia’s big three gen-tailers continue their orgy of money making at the expense of consumers, with the owner of the ageing Yallourn brown coal generator trebling its profits.
Don’t get too excited about the ACCC proposals on energy prices – the big players will be able to dance around them, precisely because of the huge power and protections offered them by the industry regulators, particularly around competition.
Report says NEG would fail in most basic and important function: reduction of Australia’s wholesale electricity prices. Rather, it would drive them up after 2020.
New data shows that energy consumers are paying more than they think in their bills, and more than what the regulator admits.
Upstart electricity retailers Powershop and Diamond Energy again win 5-star rankings in independent Green Energy Guide. AGL, meanwhile, earned itself an elephant stamp.
More than one-third of SA wholesale electricity costs over summer came from price spikes in less than 1% of the time. They pushed overall costs up by 50%.
The myth that SA renewables are responsible for their high electricity prices keeps on keeping on. So here’s another reason why it should be debunked.
Everyone hates the fixed charges on their electricity bills, so why do they keep going up? Is it because retailers take us for mugs?
The Coalition and IPA tag-team were at it again against renewables on Q&A. It’s disappointing enough that the country’s federal energy minister should have such a blind spot on new technology, but it appears to be a party-wide phenomenon. At least Catweazle was funny.