By Andrew Bolt ~
Electricity prices across most of Australia are tipped to jump – hurting the poor and costing blue-collar workers their jobs.
And the worst of it? These policies will actually make no known difference to any warming, which is probably good for us anyway. It’s all for nothing:
Electricity prices across most of the country are set to surge during the next two years, largely driven by the closures of coal-fired power stations in South Australia and Victoria and ongoing investment in wind generation, a national energy market regulator says.
The Australian Energy Market Commission’s annual report into residential electricity price trends shows average price increases for each of the next two years of between 2.4 and 9.3 per cent are expected in all states and territories except Tasmania and Queensland, where the average cost is forecast to dip annually by 0.6 per cent and 1.5 per cent respectively.
This comes as businesses face higher costs in South Australia, already hit by two major blackouts in little more than two months. Australian Stock Exchange data shows … that for companies to purchase a megawatt of electricity for March, it would cost South Australian buyers $145, those in Victoria $54.70, Queensland $98.25 and NSW $61.50. The national electricity market average is $89.86.
Andrew Bolt writes for the Herald Sun, Daily Telegraph, and The Advertiser and runs Australia’s most-read political blog. On week nights he hosts The Bolt Report on Sky News at 7pm and his Macquarie Radio show at 8pm with Steve Price.