News

NewsPower Bill Predictions rise to 30%
Power Bill Predictions rise to 30%

Power Bill Predictions rise to 30%

The experts’ predictions about how much Power Bills will rise in July just keep on, well, rising. 

As we reported last week, NSW households will reportedly have to pay up to 20% a year more for power from July because of a 50 per cent increase in the wholesale electricity price. 

This week, the ABC’s Four Corners program reported that Eastern Seaboard energy customers could even see price rises by as much as 30%!

The report is based on information by one so-called energy expert Danny Price who is putting forward an Emissions Intensity Scheme. It is claimed that the scheme has the backing of a diverse group including the Business Council, the CSIRO and even the National Farmers Federation.

Four Corners is laying the threat of a price rise fairly at the feet of the Turnbull Government calling it a “policy vacuum”.

Minister for the Environment and Energy Josh Frydenberg cites a report released last week by the Clean Energy Regulator which details Australia’s progress towards its 2020 renewable energy target and the report found that large-scale renewable energy investment was five times greater than that of 2015. 

More than $4 billion was committed over the last year, which in time will add more than 2000 megawatts of capacity to the grid.

Of the 98 new power plants accredited in 2016, 86 were solar, reflecting the rapidly declining cost and increased capacity of photovoltaics.

Small scale renewable investment was also strong with 182,000 new installations in 2016, many of which were in regional areas.

There are now across the country 2.6 million small scale renewable systems covering around 15 per cent of Australian homes.

These rooftop solar panels and household hot water systems generate over 5000 megawatts of power, nearly twice the size as the nation's largest power station.

Australia has become a top 10 destination in the world for renewable energy projects ahead of other resource-rich economies like Norway and Canada.

Hardly a “policy vacuum” when it comes to renewables, but the lack of planning for coal- and gas-fired power plants is a major driver behind these price rises.

Four Corners has even gone so far as to predict the outcome of an energy review that won’t even be released until June.

The Review by Chief Scientist Alan Finkel is “likely to conclude that Australia is now paying the price for a lack of decisive government action in climate and energy policy”. Since when does the ABC have a crystal ball?

We’d love your feedback below. Do you think the emphasis on renewable energy targets is driving up the cost of electricity? Or is it poor planning by governments when it comes to cheap coal- and gas-fired generators?

http://www.abc.net.au/news/2017-05-08/experts-issue-power-price-warning-emissions-intensity-scheme/8499656

http://www.joshfrydenberg.com.au/guest/mediaReleasesDetails.aspx?id=347

http://www.heraldsun.com.au/news/national/federal-budget/budget-2017-treasurer-scott-morrison-promises-cost-of-living-help-for-hardworking-australians/news-story/692ea27a3e448c30eb1e5e132fdfbe6a

 

 

Originally posted on .

Join the conversation

FiftyUp Club
Power Bill Predictions rise to 30%

Share your views with other members. 

Want to leave a comment? or .
Read our moderation policy here.
Satish
Satish from QLD commented:

Yes, this is for roof top solar. They pay even less for the large scale solar farm produced electricity and on sell them at high price. Why can't they sell for cheaper? As you said, it costs them nothing to produce. 

Robert
Robert from NSW commented:

I reckon the answer is that all those gas exporters in Qld should be simply forced to build, over the next two years, one or more gas powered generation plants that will feed into the power grid. They should be government compelled to then provide a guarantee the gas/electricity supply for at least the next 20 years even if that means they have to import gas from elsewhere. The nice thing about a gas fired setup is that it should be much more responsive to meeting demand driven load even when the sun don't shine and should be less polluting than coal, That would then give everyone time to address the longer term supply situation. If they don't like it, STIFF, we should just nationalise the entire gas supply in Qld with NO compensation. I think they would suddenly decide to do the right thing. 

Peter
Peter from NSW replied to Robert:

Gas sounds like a good alternative to coal, however I still feel our energy requirements could be met by solar, wind, tidal and hydro. As I stated before nuclear would also be extremely effective if it is controlled correctly. 

Peter
Peter from NSW commented:

It is time the government replaced all the dirty polutting coal power plants with clean renewable sources like solar, wind and wave energy. We should also be using nuclear power as we have huge reserves of uranium to power same. Given the correct control, nuclear would be extremely effective. 

Someone
Someone from VIC replied to Peter:

Wont happen mate im sorry .Your main reason is france is pushing to get a nuclear waste dump at the top of Sa mate.The can pay us to bring their waste over here. Nobody will agree to this unless we have nuclear powerplants because then we will have a need for a dump.So the govt being puppets to the big bankers will bend over and make solar wind tidal and hydro a recepe for disaster . Hazelwood /french owned . whos next maybe a chinese owned power station ?.the govt sells off the utilitys to sherk responsibility for the failure.And the bonus is if we dont vote for war and send our kids to die then they can arrange a nasty power station meltdown.So they get the populataion control that way so its a win win. cash plus death. 

Warren
Warren from NSW commented:

It's high time our labor inclined, so called prime minister, got his head out of his nether regions and started to look after our economy and the Australian people by concentrating on more economical coal fired power than far more expensive, renewable energy 

Peter
Peter from NSW replied to Warren:

I think you should get your facts right before blaming renewable energy as being more expensive. Coal fired power stations only generate electricity because they burn dirty polluting coal 24 hours a day, We all know solar only works in times of sunlight, however wind and wave technology also work 24 hours per day and are clean sources of renewable energy. 

Joanne
Joanne from VIC commented:

We have a power pole at the back of our house, it was eaten away with white ants, so they came & put a new concrete pole in. Get this, 18mths later we get a letter, to say they were coming to change the pole. So I rang them to ask why, I told them it is less than 2 years old, didn't believe me, so he sent someone to have a look at it. Two men came, looked, walked around, looked up & down, took a photo & went. For 5 weeks after that, every second day someone was coming to look at our pole, more photo's, more hums & hars, & more photo's. Then there was a ute & big truck with a digger on it, to dig a hole for power wires to go under ground, our power was already under ground. of course it didn't happen. Then a few mth's later, our tree needed to be trimmed. A truck turned up to a 4 foot branch. The man who was doing the tree could not understand why they came from South Australia for a 4 foot branch. And you ask why our power bills go up, & I'm only one person??????? 

Satish
Satish from QLD commented:

I work for large scale solar farm and we sell sell electricity under a PPA at $0.08/KWh to an electricity company (e.g. click energy, diamond energy) and they charge their customers $0.25/KWh. Check how much you pay in your electricity bill. 

Peter
Peter from NSW replied to Satish:

I agree. The power companies are ripping us completely and the government allows it to happen blaming renewable energy as the reason for huge power price increases. 

George
George from NSW commented:

I wish the media (including this site) stops spreading these rumours - this will help the companies to raise prices as it is no longer a shock with the media doing their job for them - let them inform the public and also justify it! The media should be grilling them to clarify their position and justify it instead! With massive coal & gas available in Australia, this is caused by massive mismanagement including privatisation - throw out all your local MPs who went along with this by their respective parties. 

ALEXANDERR
ALEXANDERR from QLD commented:

This is my view on the energy situation, it's not backed by facts or expert opinion. The amount of coal that we have seems to be pretty large, OK we know its not good for the eniviroment as when I was a kid in the UK, smog was a real problem, I lived with it so I know its real and it was caused by us all using coal for heating. So the UK basically introduce slowly coal and we had to used coke. But for us to just stop immediatly using somthing we have plenty of is stupid why not phase it out over a twenty year period until we have another source of energy to replace it. I like many others was a victim of the solar scam, I believed that I was helping the country and my self by installing Solar panels and hot water. It took me three years to pay for the system only to be ripped of on the rebates from 44 cents to 4 cents, I got a rebate on my bill this quarter of $21.00. When will we ever be repaid for all the effort we put in over 41 years of paying taxes and thinking of Australia. What goverment ever cares????? 

Peter
Peter from NSW replied to ALEXANDERR:

No government cares so long as there are taxpayers to get them out of trouble. I agree that we cannot just stop using coal, but there are many better and more efficient ways to produce energy such as nuclear energy. At least if we were to use our own uranium for producing energy instead of selling it overseas, we are assured that it will not be used against us. 

Robert
Robert from QLD commented:

Australia has so much coal left untouched but the so called "Govt. Experts and Greenies" wont have a bar of it. Until Govts. realize coal has a place in the grid it is inevitable people will rebel with these power prices going up and up while we continually try to rely on solar and wind. 

Peter
Peter from NSW replied to Robert:

Maybe we should sell the coal to overseas markets and use renewables for Australia. The revenue generated would off-set the possible increase in prices bought about by the renewables. 

Richard
Richard from NSW commented:

What does it matter. You have to pay it anyway or freeze to death. There goes the over 55 discount out the door. 

Comment Guidelines