In a weather-dependent energy world, those lucky enough to get power when they need it are being forced to pay a king’s ransom for it.
Having championed the use of tens of $billions in subsidies to destroy the coal-fired generators that gave Australia its reliable and affordable power supply, Australia’s new Federal Labor government is staring down an angry proletariat, suffering from random power rationing and rocketing power bills.
Labor’s Anthony Albanese campaigned on a promise to slash power bills the moment he entered office. However, in the 6 weeks since he took the reins, wholesale power prices have hit record levels and, accordingly, retail power prices will continue on their relentless, upward surge.
STT has been predicting this very outcome for over a decade.
The hard-green left that occupies Labor’s frontbench reckons that the secret to slashing power prices is even more of the same: expanding further the already…
View original post 1,168 more words
Recent Comments