12th Jul 2018

Electricity market is broken, says ACCC

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Electricity market is broken, says ACCC
Janelle Ward

“The national electricity market is largely broken and needs to be reset.”

That was the grim but, for consumers, welcome finding of the Australian Competition and Consumer Commission (ACCC) in its Retail Electricity Pricing Inquiry report released yesterday.

The inquiry, which started in March 2017, has made 56 recommendations on ways to fix the market and estimates that the average household would save between $290 to $415 – or 20 to 25 per cent of their annual bills – as a result.

ACCC chair Rod Sims said: “It is clear that most households are paying far too much for electricity. In addition, some of the most vulnerable in our community are forced to struggle through freezing winters and scorching summers, with many others also having difficulty paying their bills.



“The ACCC’s affordability measures for consumers also include improvements to state and territory concession schemes, and funding for organisations to assist vulnerable consumers to choose a low-priced electricity offer that suits their circumstances.”

Mr Sims said the inflated costs related to a range of problems.

“Wholesale and retail markets are too concentrated. Regulation and poorly designed policy have added significant costs to electricity bills. Retailers’ marketing of discounts are inconsistent and confusing to consumers and have left many consumers on excessively high ‘standing’ offers,” he said.

The ACCC’s recommendations include:

  • Abolishing the current retail ‘standing’ offers (which are not the same between retailers) and replacing them with a new ‘default’ offer that is consistent across all retailers and set at a price determined by the Australian Energy Regulator (AER).
  • Requiring retailers to reference any discounts to the new ‘default’ offer pricing, making it easier for consumers to genuinely compare offers. Conditional discounts, such as pay-on-time discounts, must not be included in any headline discount claim.
  • A mandatory code for comparison websites so that recommendations are based on benefit to the customer, not on commissions paid.
  • Improving the transparency of over-the-counter contract trading by requiring reporting of these trades to a central registry.
  • Improving the AER’s powers to investigate and address problems in the market and increasing penalties for serious wrongdoing.

 

To begin the inquiry, the ACCC issued more than 100 notices to retailers compelling them to provide information about revenue and usage, wholesale costs, network costs, green scheme costs, retail costs and margins. As a result, it received, examined and analysed 48,000 documents.

Consumer group CHOICE said advertising and billing arrangements had been unfair for years.

"The current standing offers are clearly failing people, with many of them priced well above other offers on the market," said CHOICE's Erin Turner.

"You shouldn't need a PhD to sort through and find the cheapest energy offer.

Do you welcome the ACCC’s recommendations? How quickly do you think the savings will flow?


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COMMENTS

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MICK
12th Jul 2018
11:08am
The details in the story are a start for all to see what we all already are feeling but this is a problem of the government's doing because it defends this business model when it should be fixing it.
I have for several years been stating that the Carbon Tax was never the cause of high electricity prices as the government funded trolls routinely made that claim. Now the truth is out and the article stopped short of mentioning one of the reasons cited by the ACCC being the high cost of gold plating the poles and wires. NEVER mentioned by this bad government. Never!
I remember the chants from Abbott and Hunt, even after the election, that "we have high electricity prices because of the Carbon Tax". LIE. BLATANT PREMEDITATED LIE!

Many of us have seen the advertising from electricity retailers offering 30% discount if we signed up with them. At the other end these same crooks went cap in hand claiming they could not afford to keep operating without their annual price rises which have now crippled the nation.
It is pleasing to see the do nothing ACCC actually achieve something to begin a process of refuting the system which the current government has created and supported. Long overdue.
Think carefully when we go to the polls. This lot are what they are: paid stooges working for the top end of town. Electricity prices are but one of many facets of this and I sincerely hope that the BS run by our own trolls is ignored for what it is: the grooming of voters to gain their vote.
Knows-a-lot
12th Jul 2018
12:22pm
Bravo, MICK! I concur 100%. The Lieberals are not called that for nothing...
Anonymous
12th Jul 2018
12:29pm
So Mick, this insane rush to renewables, predominantly by the SA Govt (Labor, not Liberals); and following like sheep to the slaughter desperate Dan and his lamentable Vics, has nothing to do with higher power charges? How about Dan banning on shore exploration for gas reserves, in Victoria - that has nothing to do with higher power charges? Once again, Herr Mick Goebels, you are doing a brilliant job in befuddling the peasants - keep it up - it worked well in 1930's Germany!
MICK
12th Jul 2018
1:00pm
You are nothing short of pathetic Big Al. I am surprised they let you out of party HQ as early as they have though.
Your post is the normal deceitful BS we have all come to expect from government posters. Of no value!

FYI SA survived last summer....because it invested in batteries and has renewables. End of discussion.
CSG is a curse but because one of your past Fuhrers, John Howard, and his government allowed the world's third largest LNG deposit to be flogged off to offshore investors we now now have to listen to your drone about onshore prospecting (= destructive CSG). No thank you. We do not need this next disaster from your employers!
I do not delude voters. YOU DO as do the other cash for comment posts. They'll likely arrive shortly.

It is YOUR GOVERNMENT which is ruining our country. Huge debt run up by them, no energy policy other than to build new coal fired generators and a total lack of accountability because this lot believe they own government and that uncle Rupert will run his propaganda campaign to make all the bad stuff go away. It won't this time around!

FYI I do support renewables because only an imbecile or a troll would argue your line. But what I propose is a changeover in time....and that means years rather than centuries as this lot would do. But then your intellectual ability has not yet reached double digits so I understand how you can sell out your country and your fellow Australians so readily.
Sceptic
12th Jul 2018
1:36pm
The only imbeciles are the ones that think that anything that Australia does to mitigate CO2 emissions will have any effect on total emissions or temperature. Mick abuses anyone that has a different opinion to him on any subject whatsoever. accusing them of being in the pay of the Government. What a ridiculous accusation, and has about as much substance as his constant claims of corruption. Mick, put up or shut up. What complete garbage that SA survived last summer because they invested in batteries. The batteries do not have the capacity to provide an acceptable backup. SA survived because of the extension lead into Victoria, NSW and Queensland coal-fired power stations. as far as the cash for comments accusations, it seems to me that going on the volume of posts, the only person that must be being paid for comments is Mick. And more fool the other contributors who blindly follow this fool.
MICK
12th Jul 2018
2:15pm
Ok, next one.
The excuse to pollute because you are not the worst polluter is what the real imbeciles believe.
By all means have an 'opinion' Sceptic but do not post propaganda unless you are prepared to argue the post on FACTS, something you seem to avoid.

SA is still on the grid and it produces a SIGNIFICANT amount of renewable energy. 50% in fact!
Queensland also generates a large amount of renewable energy but so far has no storage. That I understand is changing shortly, as one would expect given the SA model which has been so successful.

You are fighting a losing battle Big Al. Be as offensive as you like, make comments you cannot substantiate as you will, but the facts are the facts. I ask nobody to take my word for these as they are out there in google land for all, including imbeciles like yourself, to take advantage of.

If you want to engage in a name calling exercise based on lies then you will lose that battle as well. Go talk to your employer to make it right. Pitiful!
Rae
12th Jul 2018
2:23pm
Yes Big Al it's working well for the communist buddies of the LNP too. Energy Australia now owned by the chinese government took near to $8 billion in profits last year, paid no taxes either.

The LNP have been in power for 16 of the past 22 years and the mess is entirely their responsibility. They need to stop talking stop blaming everyone else like spoilt children and fix the mess they've made.
Sceptic
12th Jul 2018
3:13pm
Let us not use the emotive word pollution, Mick. Carbon dioxide is a gas that is already in the atmosphere in a miniscule amount. It is not the black carbon that is always implied by the use of the words carbon polution. Now down to facts. SA can generate 50% of its power from renewables. but when the sun isn't shining and the wind is not blowing or blowing too hard it generates from zero to a fraction. Just check the website for energy generation currently in Australia, https://anero.id/energy/ and you just may learn something. By the way Mick, I haven't had an employer since I retired in 2001, and I am certainly not beholden to any political party, or blindly follow any party or their supporters.
MICK
12th Jul 2018
3:43pm
Good to see some constructive posts rather than the accusations and vile name calling we normally see.
Response:

1. CO2 is a gas and is directly proportional to population size amongst other things. We now have 7 billion people on the planet with more coming. Trees are being removed and these are a huge carbon sink. The ocean is a CO2 absorber and it is now becoming more acidic as well as warming. The trend is there. By all mean deny it but it ain't going away.
2. Of course renewable energy is dependent on nature and her moods but SA is already producing 50% of its needs. Batteries are on the way and will become cheaper as technology evolves. Queensland is from memory not too far behind and has the largest solar power installation in the country going ahead.

Good information. Good to see some hard facts for a change.

If SA can get to 50% then why can't the rest of the nation pull its weight? Also, WHY is the current government not accepting that the change to renewables will be gradual? This is the debate we need to be having. Not coal vs renewables and right vs left.
libsareliars
13th Jul 2018
1:49pm
Agree entirely with you Mick, so well said. Shame on the Lieberals, shame.
Rae
14th Jul 2018
9:34am
Don't forget pumped hydro for storage MICK. Entirely doable, less water intensive than coal and seeing we have billions of dollars to fling to foreigners obviously money isn't the issue.

The LNP and Labor are the mismanagers of a top quality country.

Both parties have made self serving decision after decision at our expense.
maxchugg
17th Jul 2018
12:08pm
Interesting to see Mick complaining about "vile name calling" when he is the worst offender in this respect, arguments which differ from his are "nothing short of pathetic", John Howard is a "past fuhrer", anyone who argues the skeptical line is an imbecile or troll.
Mick demands that arguments should be based on facts, yet ridicules someone who points out the established fact that methane emissions from cattle and sheep are more harmful to the climate than carbon dioxide.
I have repeatedly asked Mick to respond to the claims of NASA, which he has cited as an authoritative source in the past, that the polar icecaps on Mars are also melting, and to explain how human activity on Earth is affecting the climate on Mars.
Also, in the periods before and during two world wars, when there was massive industrial activity of the most polluting kind as a result of the manufacture of armaments, why there was no effect on the climate and why did the Arctic ice remain unaffected:

https://www.carbonbrief.org/guest-post-piecing-together-arctic-sea-ice-history-1850

Finally, "The Guardian" which recently claimed that it was time to listen to "climate scientists" like Professor Peter Wadhams with his concerns about the impending loss of the Arctic ice, now announces that the Atlantic is cooling rapidly, and global cooling is a real possibility:

https://www.theguardian.com/environment/2017/feb/24/drastic-cooling-north-atlantic-beyond-worst-fears-scientists-warn

So, with his insistence that actions should be based upon facts, that every ton of Carbon Dioxide will save 32 square feet of ice, shouldn't we now be opening the coal mines to produce more carbon dioxide and bring about some warming in an effort to reduce the risk of global cooling?
jackie
12th Jul 2018
11:20am
I am surprised that the ACCC took so long to step in and acknowledge what Australians have been complaining for so long. Its commonsense that Australians would get robbed by utility companies when they were deregulated. It’s ironic that Gillard has taken over Kennett’s role at Beyond Blue. Both very crooked politicians that bailed out after their dirty deals.
ronnieb
12th Jul 2018
11:37am
Julia Gillard should NOT be blamed for any negative impact on the power scene. Abbott and his bunch of feckless oiks have been repeatedly stating for years that Gillard brought in a "carbon tax " and that caused the system to break down. But if her plans had been followed through by Rudd and later Abbott we would now have a situation that is clear and competitive and ready to tackle the climate change problems. A PLAN rather than persistent knee jerk reactions using words that are meaningless and actions that slide off the page. Canberra is now being run by Abbotts cronies from Sydney and the rest of the country may as well pack up and join New Zealand. Now there's a good move, if they would have us.
jackie
12th Jul 2018
12:50pm
ronnieb....Power prices went up thanks to DEREGULATION. It was JULIA GILLARD that did that before she slithered away to Beyond Blue.This had nothing to do with Carbon Tax it was just a decoy for deregulation.

deregulation
di?r??j??le??(?)n/Submit
noun
the removal of regulations or restrictions, especially in a particular industry.
Anonymous
12th Jul 2018
12:56pm
RonnieB - in my opinion you can add yourself to the list of feckless oiks! Have a look at the snow fall on the Vic/NSW alps this year - for the last 15 - 20 years you global warming zealots assured us that there would never be a snow season, post 2010. Well you lot are wrong - the earth's temperature hasn't spiraled out of control. When are you zealots going to concede that factors such as volcanic activity have for more influence on the earth's climate than anything that man is doing? If we get out of the Paris accord and start to think sensibly about power production and utilization, take advantage of our uranium and coal resources, then we can get somewhere on having a cheap and efficient energy sector. Why can they have nuclear energy in Britain, France and Germany, but not here? Because of feckless oiks like you, Ronnie, old son!
MICK
12th Jul 2018
1:05pm
ronnieb: you are totally on the money. The lie about the Carbon Tax which was run by the big (right wing) media was a blatant lie. The media outlets who behave in this unaccountable manner need to be shut down as propaganda is NOT journalism.

The normal coal post from our government troll Big Al. No climate change? Ha, ha, ha, ha.... Only a dork or a troll would dare say that when it is now so obvious and well accepted that climate change is real. Claims to the contrary conveniently IGNORE the past 10 years where every year bar one has been hotter than the previous one. But why bother with these sort of posts. They are cheap trash which attempt to mislead those who have no background knowledge and I don't understand why I even bother.
Anonymous
12th Jul 2018
2:47pm
Mick, I wont bother to tell you that the methane emissions from the world's bovine and ovine population exceed the entire man made emissions on this planet. That would mean I would have to explain to you in simple terms that bovine equals cow, and ovine equals sheep - and I still don't think you would get it. Go on with your blind adherence of that inconvenient truth zealot, Al Gore (unfortunate first name!). Typical of your lot - Al and his 5 homes, and private jet in the U.S. have left a monumental carbon foot print, the likes of which a thousand of us mere mortals are unlikely ever to replicate - but you go on worshipping him Mick - I feel so sorry for you that you are blinded by such charlatans!
MICK
12th Jul 2018
3:06pm
You crack me up Big Al. More BS....ha, ha, ha.

Your justification for Australia polluting like a genY after a buck's night out is that we are 'small' on the world stage. True but that's not the point.
Now you are up to farting cows? Really.

The issue about emissions is one that a small brain or a troll can never comprehend. I'll explain it so that even you get the gist:

1. we have a fast increasing population on this planet. More CO2.
2. we have a developing third world. More CO2 again.
3. we are removing forests at an ever increasing rate and converting it into farming land.

I'm sorry you cannot join the dots. The planet is close to being stuffed. Seriously. We need to do something and I mean a lot more than putting a few solar systems on rooftops in a lot more areas than energy. At the same time we have the lunatic right employed by the rich to fast track the continued plundering and destruction of the planet. Now nature is sending us some hints and all we get from imbeciles is 'there is no global warming' and 'we need new coal fired power generators'.
If somebody burnt down your house you'd be as mad as hell and would want to see the person jailed yet when politicians betray their countries the traitors get rewarded with a golden handshake and a feel goo eulogy at their funeral.
I protest. You may want to live on a dying planet but I do not and the future generations do not deserve to be left a tip so that your employer can pay you and his employer (corporations) can get him re-elected with a comfortable retirement.

Call me what you like but call me a true Australian. That is something you are not and you might consider moving to a place you might find more suitable. North Korea? Your sort of place!
TREBOR
12th Jul 2018
3:11pm
Having grown up in a filthy industrial city, I venture to say that the issues under discussion re emissions come down to 'hot spots'... I remember reading many years ago a learned treatise on bone (and other) cancer...with a cause being radiation polluted milk leading to 'hot spots' in youngsters.

At that time I recall thinking that saying that it only creates 'hot spots' is absurd... it is the overall effect that counts.

Eventually the emissions from 'hot spots' spread throughout the entire organism - in this case Planet Earth - so in one way, even allowing for the very low level of emissions here in Oz - an example is being set for those major polluters to the north......

Countless people who grew up in those cities suffer from asthma and COPD and a host of other issues (barps self for using buzz word)... I'm one of them.... and the long term cost to healthcare is astronomical.

Also remember convection and wind currents - they differ between northern and southern hemisphere, and as a result emissions pollution in the northern hemisphere is far higher than down here is heavy industry free Sunshineland...

How would anyone like to live in the yellow air of Beijing, or downwind.... with the prevailng winds in southern China from SW, and in the north from the West... they'll get their revenge on the Japanese somehow.... could explain what's wrong with Kim Ill Dong's brain function.....
Anonymous
12th Jul 2018
3:35pm
So Mick, now we have the nub of it. Yes rain forests are disappearing at an alarming rate - but not in Australia. Yes the population of the planet is increasing at an alarming rate, but not in Australia. So you and all your idiot mates are saying - well here is a good idea, let's make the citizens of Oz responsible for all these planetary problems, and punish the hell out of them via taxation - that'll slow the problem down! Only an idiot would want to travel that path Mick. And if you do some research, you might well realize that with an increasing planet population (which has to be fed), there has been a corresponding increase in the cattle/sheep population, which has exacerbated the emissions 'problem.' Now, one solution, which no one wants to think about, is reducing the population of the planet. Any ideas on that one, Mick? You seem to think you know everything else.
MICK
12th Jul 2018
3:53pm
Rainforests? No. All forests.
You keep talking local rather than planet and the only thing that matters to you is your bank balance. The latter could be sorted if wealthy citizens did more to support their planet and fellow countrymen. Well that ain't a gonna happen any time soon so let's not blame those awful renewables for your woes. They are not the issue but the political system is.

I am not arguing the why of livestock numbers. A no brainer. It is population + third world mechanising. No argument.
How do you fix that? Once again politically. Wealth generation is based on population growth and the top end drive this relentlessly. When the birth rate falls they import people to keep the game going. Unfortunately the planet and its resources are finite and this ponzi game WILL come to an end.
How to change it? Make Dick Smith PM? There are worse suggestions....like keep allowing the rich to install their own government.
You may deride me for thinking about future generations but I do not subscribe to me me me. Never have. It has cost me to have that ideology but I would like to leave a good place for future generations rather than a decepit sh*thouse. What about you?
Anonymous
12th Jul 2018
4:30pm
So you are saving the planet, Mick - well good on you! Of course all the rest of us would like to leave this planet in better condition than we found it. I grew up in Sydney, and I well remember the Parramatta River - the filthy state of it in the 1960's. You wouldn't let your dog swim in it, in those days. I was stunned, and delighted to see what had happened around the Olympic games site (Homebush), in the lead up to, and after the Olympics in 2000. The point I am trying to make is that we can achieve amazing things in this country, for this country, environmentally (and in many other ways). But it is total folly to think that we can influence the rest of the nations that we share this rock with, in relation to their emissions policy - we just don't have that clout. And when Juliar bent at the knee to the Greens zealots in 2011, at cost to all the rest of us, in an act of political bastardry, I was gob smacked. Here we are forcing our energy prices up because of green zealotry, while the Chinese are opening a new coal fired power station every other week! What idiots we are! and what we have done, and are doing, has not made one scrap of difference to world wide global emissions. And again Mick, I repeat my challenge - do some research and learn what volcanic activity does to the amount of CO2 released into the atmosphere - you may be surprised by what you learn.
MICK
12th Jul 2018
6:06pm
The Parramatta River is a small project. Not sure it is really clean but nature does repair itself. Of course big business caused that mess and other atrocities like asbestos. Don't forget Union Carbide at Rhodes whilst I am at it.
Save the planet? Decent people think that way. Scum think about their bank accounts and about themselves. Which are you Al?

In your attack on Gillard and Rudd I ask: what do you think the rest of the planet is now doing? Trying to introduce a price on Carbon? Stopped only by coal worldwide? You bet ya!

Volcanoes? Are you serious? Human beings emit CO2 24 hours a day. This is the stuff the fossil fuel industry ran for a decade to shut down renewables. Like the rest of their propaganda they have stopped because it has all been shown to be lies. Respectfully Al YOU go do the research. I've been there with volcanoes and it ain't true.
Misty
12th Jul 2018
9:50pm
What rot Jackie, Abbott said prices would go down after the Carbon Tax was removed well I have news for you, mine has gone up over 50%.
Rae
13th Jul 2018
9:34am
There is no possibility of saving humanity from itself. Unfortunately. The planet will be just fine after the extinction event we have brought upon ourselves through over population and careless use of resources.

Apart from the air pollution, wares pollution and ocean pollution we have only around 60 years of grain harvests left before collapse of the soils.

It's too late and that is really very sad when with planning, less greed and selfishness and some common sense we could have lived in the Eden we were given.
Rae
13th Jul 2018
9:40am
And as far as promises go I no longer believe them because nothing they promise ever comes around.
TREBOR
13th Jul 2018
10:49am
Unfortunately you are correct, Rae - a serious population cull is inevitable since there are no real answers anywhere in sight and all that is happening is just more and more of the same mindless drive to 'progress' and competition..

The First World would have been far better served NOT bringing all those little nations into the fold and thus not exacerbating their population problems as well as the very real threat of massively industrialised warfare.

As for the teeming masses in the Death Zone - we cannot help them without destroying ourselves and them along the way.

The war will be over by Christmas all right... this time....

Hence my discussion of Lifeboat Australia at times... and our need to Sinn Fein.... go it alone for ourselves alone..... stand together alone..and put this nation and its people first and foremost.

All the rest is just utter stupidity in the context of looming global devastation.
TREBOR
13th Jul 2018
12:26pm
https://www.youtube.com/watch?v=mvSynO5l8yo

Just music...
Buggsie
12th Jul 2018
11:24am
If anyone really believes that the cost of electricity will actually fall then they probably believe in Santa Claus as well! The business model used by the energy companies is the one promoted by the federal government and most states, where profits are for shareholders and consumers get routinely screwed. Do we really think that governments led by the very wealthy if not millionaires will act to regulate an industry so out of control? In my opinion, not very likely. To change the rules we will need to change governments. Barry
Knows-a-lot
12th Jul 2018
12:24pm
The let's change governments and give the ALP a chance to sort out these robbers. And how about another Royal Commission?
Anonymous
12th Jul 2018
12:49pm
K-A-L lets have a Royal Commission to see whether they can find a brain anywhere in the vicinity of your persona! Highly unlikely, but lets try anyway. Why do you lefties always come up with this hare brained idea that only a royal commission can fix anything. I have watched, fascinated, for years, governments of both persuasions unwilling to make decisions on issues, and call in high priced consultants, to give them the answers that politically they wanted in the first place. Time for our pollies to develop spines, be prepared to make decisions, and live with the political consequences. If we had two parties prepared to work along those lines, the deficit would be wiped out in no time. I wont hold my breath!
MICK
12th Jul 2018
1:08pm
Buggsie: the price is so far removed from the actual cost that it may be a lot easier than anyone believes. With pressure from a regulator worth its salt I suspect we will get some short term relief. After that batteries will be here and it WILL be game over for the crooked and dirty coal industry.
sunnyOz
12th Jul 2018
1:51pm
Totally agree Buggsie! Believe it when I see it...
TREBOR
12th Jul 2018
3:16pm
I personally doubt that Labor will resolve the issues... the
Entrenched Contract Cost derived from guaranteeing the 'buyer' of the industry would be more than a buyback or resumption of the service would be worth - that was, after all, the idea behind such an incredible 'business' deal to a few old mates.... even if they go bust they will still walk with billions.

As I explained more than once, this is a sneaky way of transferring billions of public money into the hands of the infamous 'old mates networks'.... and it is done one way or another - either by 'selling' to them a fully guaranteed against loss 'business' (what happened to caveat emptor?) or by allowing them to run rampant through the wallets of a captive audience public.
TREBOR
12th Jul 2018
4:18pm
Socialism for business....
Misty
12th Jul 2018
9:57pm
That's the whole problem with lots of things these days, so many people are shareholders now but when I was growing up only the very wealthy had shares, now the shareholders come first before anything else, it is all about profit, not services and looking after the consumers.
Lark Force
12th Jul 2018
11:50am
Too many retailers all with overheads to pay for.
Energy Australia has 3 or 4 different prices for the very same electricity. All retailers use the same poles and wires why different supply charges? What a borlz up!
Nationalise the power supply and keep any profits in Australia.
Electricity prices are shocking!
MICK
12th Jul 2018
1:08pm
That's why we need regulation which is tightly controlled rather than just another label.
Eddy
12th Jul 2018
1:25pm
Lark Force, do you mean de-privatise, while it may seem an attractive idea I do not think it is a practical solution to high energy prices. The most obvious obstacle is the price to be paid to the current owners, they bought the electricity assets at bargain basement prices and will value them at top dollar. Unless we can reincarnate Rex Conner's plans to 'buy back the farm' the costs of 'nationalisation' of the electricity sector would be too great for our limited resources.
My belief is that essential services, such as electricity, gas, water, public education, health services, police, corrective services, defence etc , should always remain in public ownership.
MICK
12th Jul 2018
2:18pm
And that is the iron clad truth Eddy. No government should be allowed to flog off public assets so that they can squander the money on political witch hunts or feel good (lemon) projects.....like new coal fired power generators which will be mothballed and useless withing 2 decades. It's OUR money...not theirs to waste!
TREBOR
12th Jul 2018
3:21pm
Yup - exchanging one supplier for a host of suppliers and adding additional multiplied and duplicated staff, facilities, sales functions, masses of managers, CEOs, board members and shareholders was NEVER going to create a 'more efficient' service.

The lie titled 'privatisation' is nothing but a giant ripoff of the captive public for the massive benefit of a few on 'the inside'... not the first or last time....

'Government office' in this nation has become nothing more than a self-enrichment venture, just like any Third World Banana Republic.... you don't enter 'government service' to serve - only to spot and create 'opportunities' for yourself, family and cronies.

Beeziness ees good in El Grande Republica Da San Austrador...... eef you are zee eenside, por favor...
ray from Bondi
12th Jul 2018
12:37pm
I wonder why I think elections are not far away and personally believe afterwards it is business as usual.
At one time all these businesses were under one umbrella the government and there was only one board of directors slerping at the trough, now there is a multiple companies all with the with own troughs and only a limited amount of mugs to keep them full, business that used to produce stuff is no longer it is only the consumer now.
MICK
12th Jul 2018
1:12pm
Welcome to the privatisation and the lie of cheaper energy so that governments could get their grubby hands on more money to waste.
Elections? I realised we were likely very close when I saw 7 News backslapping Turnbull at a children's school whilst giving Shorten the most unappealing and short clip possible. THIS WAS THE MODEL FOR THE LAST ELECTION. Happened every other night....and is the reason why we need anti propaganda laws for the media.
Anonymous
12th Jul 2018
3:03pm
More BS Mick, you only watch the ABC!
MICK
12th Jul 2018
3:07pm
And you watch Fox, Seven News and Nine News. It's in your DNA. That's why there is no decency within you Al.
TREBOR
12th Jul 2018
3:25pm
Yews - you can smell an election on the horizon - waiting to see what pork is barreled out come pension etc payment review time... just one.... wait for the promises of massive new hospitals, highways, airports, more police, more ambos, more firies....

Already Glad-hand Gladys is out and about shaking hands and kissing babies and putting on a safety helmet ad building jobs - all to soften up the NSW public and offer them the belief that the LNP is the Party of God and The People..... and will solve all our problems with the stroke of a pen handing over any profitable venture or control of infrastructure development sorely needed to mates in private hands...
Anonymous
12th Jul 2018
3:41pm
Yes Trebor, how sad that Eddie Obeid is in jail, and cant come back for the election to make you and your loony mates happy. Ian McDonald might be out by then, however. He could join up with Sam Dastyari and form a dream team ticket - you NSW blokes make the ALP in Victoria look like a bunch of choir boys!
MICK
12th Jul 2018
3:54pm
Thought you were a banana bender Big Al. Bjelke anyone?
TREBOR
12th Jul 2018
4:22pm
Poor old Eddie - just another misunderstood good Lebanese boy.... the things he did to promote and sustain Gladys.. well - there was no end to it...

Just a perfect example of what I've outlined several times, Al - entering 'public service' is in order to serve the public - but to serve yourself from the public.

Why would you even begin to imagine I would support or condone such a criminal any more than I would support or condone the current mob of thieves raping this nation for their own enrichment?
Misty
12th Jul 2018
9:59pm
Yes Ray and don't forget the shareholders in all these companies, they and profit come first, what's left over the consumer gets if they are lucky.
KSS
12th Jul 2018
1:09pm
The ACCC’s affordability measures for consumers also include improvements to state and territory concession schemes, and funding for organisations to assist vulnerable consumers to choose a low-priced electricity offer that suits their circumstances."

Surely 'affordability' should not be considering what, if any concessions states, territories or any other organisation may offer. In my view, power is not a discretionary expense. The only factor that should affect affordability is how much the consumer chooses to use. The generation and supply of power is or should be the same for everyone - a flat fee if you like - after all there is only one set of poles and wires and all providers use the same ones. After that you should be charged for the amount you use. Then there would be competition among providers for the KW rate - much like competing supermarkets and the price of goods. People then could compare apples and apples and decide where to purchase. Get rid of all discounts - they are not real anyway or perhaps have say a 5% discount for paying the WHOLE bill on time.
Hardship concessions should not be necessary at the levels they are currently. The price should be affordable by everyone - even those on welfare payments - and able to be modified by the user, use less - pay less; use more pay more; but the rate at which you pay would be the same for all. Simple!
MICK
12th Jul 2018
1:14pm
'Affordability' should only ever be the COST of the product. Not the convoluted BS which results in consumers paying multiples of the real cost. Bring in a set price!
TREBOR
13th Jul 2018
10:52am
The old 'one roof' principle set prices at a reasonable rate v costs - without all the fat cat trimmings.
Rae
14th Jul 2018
9:46am
Consumers already paid a heap of taxes to build the poles and wires. We shouldn't be charged twice because of incompetent management by government.NSW alone spent $16 billion preparing the gris for the sales. I'd love to know how much the dealmakers and banks were paid.

They need to stop making false promises about savings. It never ever happens and they have no control over what private foreign corporations and foreign governments decide to do or charge.
Rae
12th Jul 2018
2:17pm
Is that saving anything like the $550 Abbott promised that I'm still waiting for or the subsidies I never got because I earn my own income and it's beyond their ability to find me except at election time when they want a vote and still expect I'll believe anything at all.
MICK
12th Jul 2018
2:19pm
You expect a lying con man to deliver? I think we both understand the difference between an election lie and reality.
Not a Bludger
12th Jul 2018
2:18pm
The ACCC, for which I have little time, has for once got it right.
Get the greenies and lefties out of the way, guarantee to take the output and watch the existing coal/gas plants be upgraded, new high efficiency plants built and nuclear options researched.
And, above all, watch the prices drop significantly and what is left of our manufacturing start to expand.
Also, thanks to Tony Abbott et al for steadfastly holding the torch.
MICK
12th Jul 2018
2:22pm
I agree with your sentiments about the ACCC but the rest defies logic.
If the Carbon Tax had stood we would already have falling electricity costs. You are supporting a coal man whose vision is/was to destroy anything Labor, including repealing 1200 items of legislation, and to take us back to coal fired power when the rest of the planet is going the opposite way. How do you think that is going to work out for your grandchildren????
Not a Bludger
12th Jul 2018
3:03pm
Grandchildren will be fine, Mick - coal/gas (and in due course nuclear) generated cheap energy, thriving value-adding manufacturing and a rosy future.
As an Aeronautical Engineer, I have the numeracy to understand these issues.
Best for you to take your permanent outrage and vitriol and illiterate views and nick off.
MICK
12th Jul 2018
3:09pm
Aeronautical engineer eh? Tell me why the positioning of mass on an aircraft is critical. Now, not tomorrow. We'll see if you are legit.
MICK
12th Jul 2018
3:11pm
If all you care about is "cheap energy" then you would be supporting solar. Now cheaper than coal.
Your post reeks of ignorance given the facts.
TREBOR
12th Jul 2018
3:30pm
" coal/gas (and in due course nuclear) generated cheap energy, thriving value-adding manufacturing"

Which nation is that to be in?
TREBOR
12th Jul 2018
4:24pm
... I design aircraft as a hobby............ just saying.... bit of wire and chewing gum works wonders..... the answer is obvious to anyone, Mick....
Not a Bludger
12th Jul 2018
5:41pm
You, Mick & Trebor - exhibit all that is attitudinally wrong in Australia today and is that which infects serious progress.

Where oh where is the laconic Aussie, hard working, never fazed, happy to take on a challenge and willing to change things for a better future.

Certainly not you pair.
MICK
12th Jul 2018
6:10pm
Not a Bludger: still waiting for you to prove you were an aeronautical engineer. Answer the basic question above. I know the answer but you don't!
Work hard? Nobody, certainly not you, could ever have worked as hard as I did. That's how my family got on. Let's leave it at that.

What is wrong in this country is that people like you don't give a sh*t. Sorry for the strong language but it is what it is. You should value the future. You don't.
TREBOR
12th Jul 2018
10:23pm
Well - I'm glad to hear that the attitudes I have which sustained this nation and offered a reasonable opportunity at prosperity for all if they worked and were prepared to abide by the rules - and which gave us the massive infrastructure of the past, along with the basic underpinning of what was once a viable economy - are ones that some recognise I still hold.

How would YOU know anything about what I've been and done? I can assure you, my good fellow, that not many have done the things I have.. and all of them legal.
TREBOR
12th Jul 2018
3:40pm
Well - apart from the obligatory party-sponsored swipe at renewables - the ACCC would appear to have some ideas... but has not addressed the core (as opposed to non-core) issue of 'privatisation'... that rort by another name.

In terms of renewables, I stated for you many times that any 'start-up phase' for a major innovation or change in direction of production is costly.. for ANY product. Eventually that cost SHOULD be spread out over the entire network and over a span of years of operation - and not just viewed as a dire imposition right now.... as before, again - it is the 'smash and grab' approach of 'business' that is seeking to generate not only instant billions, but also to sustain that high cost of initial introduction over the whole life of the project.

A government body, as used to run power supply, has no such problems (and problems they are) in its management, and all planning is viewed over the long term, rather than the short term grab for cash... not only that, but such an organisation has only one set of higher paid people, not multitudes running the show, and one roof under which all its functions operate... plus a considerably lower need for sales pitching and such.... and NO shareholders apart from the public who pay their wages and who receive their dividend in lower prices for supply.

It worked for decades..... the current approach didn't work past Day One.
Scottishlass
12th Jul 2018
3:57pm
I believe home owners having to pay for underground power is so unfair and needs to be looked into. I paid 1060 last year ( no sign of the underground power and making money on my money ) and got a bill for 2363 this year. Overseas electricity company pays this. It it compulsory even if you don’t want underground power. UNFAIR. Very upset as large amount of money to find. Told to take a loan out by council. Electricity bills high enough without this added pressure.
TREBOR
12th Jul 2018
10:43pm
Which council is doing that, Lassie? What a damned gall they have... typical of the abuse you cop when you are a captive market for these kinds of thieves.
Scottishlass
12th Jul 2018
3:59pm
They re getting cheap electricity from everyone’s solar. Generated free to them when people pay for it. Then they charge for underground power too. It’s pathetic.
Lark Force
12th Jul 2018
4:02pm
EDDY, YES De- Privatise/Nationalise call it what you like. All essential services should be in our governments hands. If it hadn't been for the Fraser/Kerr coup, Kenlami would have arranged the funds to buy back the farm. We wouldn't now have the Chinese, Germans, English and Americans remitting their TAX FREE Profits back to their shareholders and The Bahamas hideaways. We were the lucky country but its owned by others now.
ggrob
12th Jul 2018
4:45pm
At least those across our border gets a choice. Here in WA you have a monopoly!
Country people have Horizon (I think it's still called that); while in the City & suburbs it's called Synergy. And it's mostly coal fired - they don't like the people switching to solar and as for wind farms - oh dear!! I love visiting NZ as you would think they run on thermal-hydro, but no. So many wind farms - even the one near Wellington which was actually opposed for a start, has 97 turbines and the only way you get to see them is an actual visit to see a few or flying over coming into land. But around Palmerston North you get small, medium and large and farmers used to let you on their place to view etc. Now they have one you get so up close and personal with, you can almost touch the blade!!
Why can't the companies actually provide greater variety of costs etc? Money is definitely the root of all evil!!
micreen
12th Jul 2018
5:15pm
What a load of rubbish this electricity price reductions are. Mike Ahern sold off the big share of poles and wires at a vastly increased revenue base by power price increases, with no regard for the consumers. Private companies, paying ceo's millions of dollars in salary, have financially raped the consumers, while State and Federal Governments sat by and let it happen. Scratching their heads saying what happened ? Coming up with Band-aid solutions which will never work. Gutless politicians looking after their own interests.
Cheezil61
12th Jul 2018
5:22pm
Sadly recommendations generally jus get ignored unless there's an election looming
heemskerk99
12th Jul 2018
7:37pm
having read most of the comments one have to look at the sky and have to ask, are some of those comments for real, here is labor mickey/tremor telling us sth.australia is doing well with their battery, figures produced to-day shows how much that state relies on the other states for their energy, figures for last saturday a windy day the cost in s.a. for 1 mwh was $ 44.89 in victoria it was $42.50, yet on the monday when the wind dropped in s.a., cost rose in s.a.to $701.60 mwh and they had to rely on vict. to help them out which then cost that state $78.18 mwh. an increase in price give or take $ 36.00 to victorians just to make up for the stupidity of south australia's love of so-called renewables, yet here we have labor mickey/tremor still applauding the closure of coal fired generators, this while we are exporting millions of our coal to china, india and europe who are opening new coal fired generators by the dozens and are laughing their heads of at the stupidity of AUSTRALIA selling their coal to them at prices which have allowed them to close their mines till the Australian coal output has run out of steam, any wonder this once great country we called home, AUSTRALIA, is going down the chute slowly but surely, as for anybody hoping that by electing labor things will improve, put your money on father christmas riding his sled through snow covered Darwin on christmas day.
however good news, this report will be filed and brought out at every election to be looked at and looked at, keep the fires going and fools will fall for it every time, just see this column!!!!
MICK
12th Jul 2018
7:47pm
What about "you have high electricity prices because of the Carbon Tax" - Greg Hunt. How about 'pink batts and school halls'. Talk about lies. These were some of yours heemsjerk.
Nobody can believe anything you have to say. Your figures are likely plucked out of the air. No credibility mate!

I'll pass on the rest of your BS. Not worth the time of day.
TREBOR
12th Jul 2018
10:30pm
Believe anything heemie has to say? He doesn't have anything to say.... nothing of substance anyway...

The price variations you quote are the result of poor management and not averaging costs out over not only the life of the project but also daily fluctuations... all that shows is how inept the 'private enterprise' suppliers are.... and how unstable the market they have created..... that's one clear reason the whole shebang needs to be returned to the hands of the people via a government agency.
Kathleen
12th Jul 2018
9:43pm
Electricity poles were sold which meant the ones who bought them could make their own rules. Power shortages are deliberate so more can be charged. They run the power stations into the ground and then walk away. Profiteering is rampant within the industry! Sounds like a royal commission is needed like the banks are facing now.
Rae
14th Jul 2018
9:53am
Let's not forget it suits foreign government owners to destroy our manufacturing and smelting industries so that the competition is destroyed as it isn't viable at current energy prices.

All the blame on unions and wages when it's been energy prices and the RBA keeping a ridiculously high australian dollar doing the damage. while the media lie about the causes of the manufacturing destruction.

This was always a possibility.

Selling control to your biggest foreign competitor, communist controlled economy is borderline treason in my opinion.

They have started in on the farmers now too using the drought as a weapon. Farmer suicide rates are currently appalling and the banks are being absolute bastards once again.
Misty
12th Jul 2018
10:11pm
Kathleen this government would have to be dragged kicking and screaming before they would agree to a RC into energy costs, just like they did with the banks, and look how that has turned out.
TREBOR
13th Jul 2018
10:54am
I note that YLC has struck out a few of the personal exchanges - again....

Good... perhaps we can now get on with the discussion....
Cat
13th Jul 2018
6:12pm
The Gov and ACCC are totally out of touch as normal. They are pitching the false idea that consumers can choose between electricity providers and get the best discount. False idea. In regional areas there is usually only one provider, and because they are the only one they don't give any discount because they have no one competing with them. For the past 5 years I have lived in two different regional areas, AGL was the only provider for one, and Ergon the only provider for the other area. No discount and no other provider to go to. I recently called Ergon and asked them what discount they offer and they said they do not offer any discounts. They are the only provider in the area so I have no choice but to suck up their high energy prices with no other option. What is the governments and ACCC's solution for that???
Rae
14th Jul 2018
9:57am
Unfortunately people on the salaries of the Government and ACCC have no issue with energy prices. They just took na $7000 increase which would cover any price rise for them. I'm alright Jack seems the order of the day.

The privatisation was a bad idea and then very poorly done making the consequences even worse for the bottom 60% of everyone on stagnant or falling incomes.

People are working second jobs just to pay their hefty bills now if they aren't in that top 20% of income earners.
MD
17th Jul 2018
7:39am
Right, bright sparks, try looking at a balanced view in 'The Conversation - Policy overload'
a part extract from which reads:-
"As solar penetration increased, and network costs rose to cover this, it became increasingly attractive for households to install solar panels. In Queensland, the initial cost forecast for the solar bonus scheme was A$15 million. Actual payments were more than 20 times that in 2014-15, at A$319 million. And the environmental benefits weren’t big enough to justify that cost, as other policies have reduced emissions at a lower cost. The large-scale renewable energy target reduced emissions for A$32 per tonne, while household solar panels reduced emissions at a cost of more than A$175 per tonne.

In most states, premium feed-in tariffs and rooftop solar subsidies are funded through higher bills for all consumers. Everyone pays the costs, yet only those with panels receive the benefits. That means the costs fall disproportionately on lower-income households and those who rent rather than own their home."

Probably not a good idea to mention SA as the shining example of bright ideas, their light bulb moment has had an irksome regularity of dropping offline and the bunnies that live there are paying for the privilege. Wind farms all the answer eh ? One good (windmill) turn deserves another... but it needs more than just the wind that blows outa the pollies posteriors.
Misty
17th Jul 2018
9:52am
But our solar energy gets fed back into the grid doesn't it?, so then doesn't that mean that all energy users are getting the advantage of the energy produced by solar panels?.
Misty
17th Jul 2018
9:56am
If what I have commented above is correct, then your comment, that only those with solar panels receive the benefits cannot be true.
vincent
17th Jul 2018
7:00pm
My two bobs worth.
Lets get a few facts right, first spot market manipulation by the electricity generators.
This has nothing to do with the total power supply, this has not been mentioned anywhere and this cost has to be past on to the retailers.
Rooftop solar is now at the state that it is an integral part of our electricity supply.
During the hot days in this summer it propped up the grid while the you beaut coalpowered
went out.
It also smoots out the peaks and stabilizes the net.
The bleating about the renewables does not stack up either and so the negative comments about renewables.
What is the biggest problem is the lack of infrastructure, all states in the east should have been interconnected decades ago and run as one system.
Supplies can then be easily moved around according to need and the most economical way of production.
That would put the cat among the pigeons see who comes out on top.
Will be interesting but nuclear can kiss their xxx goodbye like some diehards are still proposing.
Also the system will be far more robust with more sources of supply, rather then relying on a few big centralized generator plants.
MD
17th Jul 2018
8:25pm
As a youngster always dreamed of owning a Black Shadow - couldn't afford one - ended up with a Dominator Norton.

Don't bet whatever it is you might fancy kissing that we've seen the last of Nuclear.
Misty
17th Jul 2018
9:07pm
I don't think Aussies are ready for Nuclear, who wants a Nuclear Power Plant in their town, city, district?, I would be interested to see the results of a National Poll on this subject.


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