Electricity prices are extremely high in Australia. Disconnections for non payment are at an all time high and economic growth is being seriously hampered.
Given the abundance of coal in this country there should be no reason for prices to be so high so the question many have is why are they so high and why do they keep climbing?
One reason is because governments and electricity companies don’t want to build new generators. They do want more and more apartment towers and other housing to be built though and the residents will want electricity. High prices discourage use and not as much electricity needs to be generated. In the process it will just happen to make a select group of people extremely rich.
Another is so money can be delivered to the climate scam. Also high prices discourage use and not as much electricity needs to be generated. This is necessary because the so called renewable energy sources that require extremely high subsidies simply aren't up to the task. In the process it will just happen to make a select group of people extremely rich.
And another reason is because governments get dividends from the electricity network. Higher prices mean higher dividends and in the process more money for the government to spend. Will any of this money be used to help people who can no longer afford electricity? Will any be used to help the people who are now unemployed because businesses can’t afford to employ staff anymore? Will it help stop businesses from going under because people can’t afford their services anymore?
Nope, they can go whistle. Our governments have their own agendas to fund such as sucking up to the UN and other organisations that offer politicians lucrative jobs when they leave parliament.
Our electricity markets and generators were privatised and opened to competition under the promise of lowering prices. The telephone network was often presented as an example of successful deregulation. What wasn't mentioned was that new technology was helping drive prices down as bulky telephone equipment was replaced with new and sleek digital technologies.
The energy network on the other hand isn't in the process of being streamlined in such a way because the comparable technology isn't there and in some cases it’s really taking a step backwards. Subsidy heavy wind turbines that are blighting the landscape are nothing but oversized and unproductive windmills being used for power generation.
Yet the process it will just happen to make a select group of people extremely rich.