Government Policy Makes Households Pay through The Nose For Energy!

The latest forward view of Australian Wholesale Energy Prices out to 2027 show prices for East Coast consumption will remain at nose-bleed levels out as far as 2027, according to data from the Australian Energy market. There is a reason for this, in that marginal wholesale power prices are remarkably set based on the cost of gas, via LNG in the international markets. This will pressure get worse as coal fired generation is retired across Australia. Governments of various flavours have messed up here from a policy perspective, in that a small number of international operators are the Australian gas […]