Why we have the Worlds highest power prices

[bob10]

Australia's energy trainwreck: How we ended up with the world's highest power bills (http://www.msn.com/en-au/money/personalfinance/australias-energy-trainwreck-how-we-ended-up-with-the-worlds-highest-power-bills/ar-AAsXTDA?li=AA54Gb&ocid=spartandhp)

[trog]

Give me something more than a cut and paste please.

[Milton477]

Because we have to keep the shareholders happy.

[AndyG]

Pretty sure the prices are higher in PNG, so the heading is wrong for a start,, had a blackout for the last month, so maybe that makes it the cheapest

[bob10]

Give me something more than a cut and paste please.

Like what, for example? make something up?

[Ausfree]

Like what, for example? make something up?

No Bob, you don't have to make something up, leave that to the experts........................The politicians.[bigwhistle]

[Classic88]

Towns and other communities in Germany have been taking matters into their own hands by setting up their own, collective, renewable energy sources and cutting their reliance on the big energy producers. Maybe something similar could work here. Australia's not short of either sunshine or winds and after installation, running costs for renewables are very low.

[Ausfree]

Towns and other communities in Germany have been taking matters into their own hands by setting up their own, collective, renewable energy sources and cutting their reliance on the big energy producers. Maybe something similar could work here. Australia's not short of either sunshine or winds and after installation, running costs for renewables are very low.
It really is a shame that the public has to do things like this because of the greed of large organisations. I have noticed that large operations have to make a record profit every year or they consider that they have failed their shareholders and the CEO who demands a multi million dollar annual salary.

[rick130]

It really is a shame that the public has to do things like this because of the greed of large organisations. I have noticed that large operations have to make a record profit every year or they consider that they have failed their shareholders and the CEO who demands a multi million dollar annual salary.

It's actually the institutional shareholders that demand immediate returns, as well as older retirees that are living off their investments that are driving this so the outlook from companies is increasingly short term.
No one looks at 5 to 10 years ahead now, they get hammered in the press and at AGM's.

[Pickles2]

Australia's energy trainwreck: How we ended up with the world's highest power bills (http://www.msn.com/en-au/money/personalfinance/australias-energy-trainwreck-how-we-ended-up-with-the-worlds-highest-power-bills/ar-AAsXTDA?li=AA54Gb&ocid=spartandhp)
I also read about this yesterday in the Press Bob.
I have my views, but if I raise them, it will become a C.A. issue,...couldn't have that.
In the article I read, S.A.'s power was indeed the dearest in the world,......by a big margin.
Pickles.

[bob10]

I also read about this yesterday in the Press Bob.
I have my views, but if I raise them, it will become a C.A. issue,...couldn't have that.
In the article I read, S.A.'s power was indeed the dearest in the world,......by a big margin.
Pickles.

Yeah, we have to watch the thought police, [bigwhistle]just joking, ....no...really. Anyone tried the Tesla power wall?

Powerwall | The Tesla Home Battery (https://www.tesla.com/en_AU/powerwall'redirect=no)

[bee utey]

I also read about this yesterday in the Press Bob.
I have my views, but if I raise them, it will become a C.A. issue,...couldn't have that.
In the article I read, S.A.'s power was indeed the dearest in the world,......by a big margin.
Pickles.

Funny thing is, when my "one of the big 3" foreign owned retailer sent me a letter outlining the July 1 rate hikes I did my research and found a much cheaper retailer. That suggests that the prices have little to do with SA's policies and everything to do with collusion between the rip off merchants.