Australia Used To Seem Like A Fun Place. Now Not So Much…

Workers’ paradise lost? Biggest beer tax hike in 30 years serves up the ‘$15 pint.’

“Brewers and pub and club operators were extremely disappointed the former government did not deliver on a proposed reduction in beer tax at this year’s March budget.”

 

IN OTHER NEWS, UNICORN FARTS NOT RELIABLE SOURCE OF ENERGY:  Green Nightmare: Aussie Power Prices Rising Out of Control.

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Aussie PM Anthony Albanese testing to destruction the fallacy that renewable energy can reduce power bills.

Electricity prices rose to their highest on record – and the nightmare is set to continue

‘Australians haven’t seen a fraction of what’s coming.’

Alex Chapman / Energy / Updated 3 days ago

Millions of Australian households are being warned their power bills will continue to rise after the country’s energy market operator reported record-high costs.

In a report on Friday, the Australian Energy Market Operator (AEMO) said wholesale power costs soared in the three months to June.

Average prices for the quarter were $264 per megawatt hour.

That’s more than triple the $85 per megawatt hour reported during the same period in 2021.

The AEMO said a combination of factors contributed to the “extraordinary” rise.

“The impacts in local fuel markets of extremely high international prices for traded gas and thermal coal.

“Reduced availability of coal-fired generation, due to scheduled maintenance as well as long- and short duration forced outages, driving high levels of gas-fired generation, which both raised electricity prices and put pressure on local gas markets.

“Physical fuel supply and hydrological constraints at a number of thermal and hydro generators, which further limited their operational flexibility.”

Bruce Mountain, the inaugural Director of the Victoria Energy Policy Centre at Victoria University, says Australians should expect to see their power bills double over the coming year.

“Australians haven’t seen a fraction of what’s coming,” he told 7NEWS.com.au.

It would take “spectacular” circumstances for prices to come back down, he said.

“We honestly don’t know how long it will be until prices begin to normalise,” Mountain said.

“I’ve seen some speculation it could be years, but we just don’t know.”

Read more: 7news.com.au/business/energy/electricity-prices-rose-to-their-highest-on-record-and-the-nightmare-is-set-to-continue-c-7682999

h/t Glenn

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