The ABC Business Editor Ian Verrender writes – quote – “Ever since the carbon tax was removed, power prices have only headed one way; upwards.” Not according to my Canberra power bills Ian which show clearly how retail prices fell after mid 2014 when the Carbon Tax was repealed. When I get time I can update this chart but there is enough here for now. After 2014 there was talk then action on the closing of Port Augusta coal fired generation which started that huge upsurge in AEMO wholesale prices. Then the closing of Hazelwood took more dispatchable power out of the grid. No wonder prices are on fire.
Correct Warwick the end of the "carbon tax" brought brief relief before government renewables mandates and subsidies sent electricity prices skyrocketing once more.
I have found Ian Verrender to be a hopeless commentator on economic issues. He has found his niche at the ABC.
He vies with Jessica Irvine of Fairfax for the crown as Australia’s worst economic commentator.
“Bob in Castlemaine
June 22, 2017 at 5:32 pm”
Apologies for the bad link in my comment above.
i.imgur.com/GECdFqW.jpg
They say a picture is worth a thousand words. Maybe that also applies to a graph?
To my mind the graph included in this article pretty much says it all as far as Australia’s renewables suicide pact goes:
stopthesethings.com/2017/07/01/renewable-energy-debacle-alan-finkels-report-a-lost-chance-to-end-australias-self-inflicted-wind-power-calamity/