Electricity retailers are enjoying high profits by rorting Australians

Australian electricity providers are enjoying ridiculous profits at the expense of consumers.

Electricity companies are enjoying high profits by rorting Australians

Australians are paying up to 43 per cent profits to electricity companies, who are failing to deliver low prices to consumers, to the point that the Government may need to step in and re-regulate the power industry.

Over the last 10 years, the cost of electricity has almost doubled in Melbourne, Sydney, Brisbane and Adelaide.

In Victoria specifically, electricity providers enjoy a profit margin of around 13 per cent, which is more than double the margin traditionally considered fair.

If fairer prices were to be set, Victorians could save around $100 per household per year.

The Grattan Institute’s Price shock: Is the retail electricity market failing consumers? report revealed that there are still better deals available on electricity. However, the market is too complicated, so rather than find a better arrangement, many Australians simply pay more for power than necessary.

This means that competition among electricity providers is dwindling and, as a result, promised innovations in customer service and technology, such as smart meters and bundling solar power and battery-storage systems are also falling by the wayside.

The report suggests that it may be time for the Government steps to act and ensure that customers get fairer prices and better service.

Opinion: It’s time to make them pay

Sure, it may be time for the Government to step in and protect us from overpaying for electricity. But really, the power is already in our hands; we just have to take them out from under our bums and make electricity providers more accountable.

And yes, the market is confusing, but all it needs is a little research to understand and then for us to take advantage of comparison tools, such as:

Now, find the best deal and play the power companies off against each other. The only way they will offer fairer prices, better deals and innovative solutions, is if they are forced to do so.

Right now, they’re sitting pretty. If we do an annual comparison and switch providers for a better deal, we will improve market competition.

It also goes without saying that the decision to deregulate the industry has done us no favours. It may well be time for the Government to act and re-regulate power prices.

But, so far, all we’ve heard is the standard rhetoric: “we’ll fix their mess” and “we’ll ensure that electricity is affordable and reliable for households and business”.

Australians are tired of being gouged. It would be nice to see if our government does more to ensure that we get a fairer deal, rather than continue to line the pockets of power companies owned by multi-national interests who pay little to no tax on these exorbitant profits.

In the meantime, the power, so to speak, is in our own hands.

Do you think you pay too much for electricity? Have you ever sourced a better deal on electricity costs? Do you use electricity comparison sites? If you have solar power and battery backup, do you find that your power bills are more manageable?

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    COMMENTS

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    4b2
    15th Mar 2017
    10:31am
    All the rubbish coming from the Libs about the greatest price reduction since the removal of the carbon tax is just that. RUBBISH. Now they are trying to blame SA, NSW, & Vic for the Gas shortage.
    Why did the current government abandon the Oil and Gas reserves in the Timor Sea. This would have solved Australias Gas supply issues for many years to come???? Whuy why why?
    Anonymous
    15th Mar 2017
    12:41pm
    Why? Because East Timor disputes the treaty with Australia and has gone to The Hague to get the matter clarified. The oil fields lie closer to East Timor than Australia and as such belong to East Timor.

    The gas exploration in some states has been either deferred or a moratorium put in place by state governments. The protesters, although small in number, caused the stoppages with lies and half truths. What is needed is a government to stand up to protesters, arrest those who trespass and/or damage equipment and insist that the courts stop releasing them without charge.
    P$cript
    15th Mar 2017
    1:06pm
    Old Man you need to remove your Joo Janta 200 Super-Chromatic Peril Sensitive Sunglasses to see what is actually happening.
    Anonymous
    15th Mar 2017
    1:11pm
    Oh, I'm sorry P$cript, I thought I'd explained what is actually happening. I know this is not a debate but I would have though that if you disagreed you might have had the courage to put forward your reasons. To sit back and say that someone is wrong is not really adding much.
    grounded
    15th Mar 2017
    1:17pm
    Very well said Old Man. Sadly, this country is being sold down the drain by the 'progressive left' - 'protestors' ...yet they'll be the first ones screaming their heads off, if left in the dark, that the Government is not doing enough to pamper them.
    jackyd
    15th Mar 2017
    2:37pm
    You're on the money Old Man.
    Amazing the ignorance of your detractors!
    MICK
    15th Mar 2017
    7:29pm
    Why is this 'revelation' a surprise to anybody?
    Of course we are being done over with electricity prices and of course this is being orchestrated by the current and previous government.
    We need to remember the electioneering around this when Abbott was elected: "you have high electricity prices because of the Carbon Tax"......run by the coal industry to shut down renewables which get cheaper by the year.
    Australia's energy rip offs are a national disgrace and the fact major media outlets say little is a sign of whom they support and it ain't consumers.

    I find it odd that we are talking about gas reserve policy. Why was this conversation not happening at the time the Howard government started letting all of our wonderful gas reserves go into overseas ownership? Now Australians can p*ss off and the gas is on sold to Asia. What else would one expect from profit driven offshore investors............other than lower taxes for them on top of the mega profits they are beginning to reap.
    maxchugg
    20th Mar 2017
    11:06am
    Old Man, take a look at the map - Google Earth for preference, because it will show you the continental shelf for Australia.
    Next, take a look at where the energy source is located.
    Not a Bludger
    15th Mar 2017
    10:38am
    Oh my giddy aunt - here you are again taking those leftie rentseekers from the Grattan institute as the arbiters of all things factual about every business in Australia, all of whom, the Grattans say/imply, have one objective only - viz., to rip off the long suffering/downtrodden Australian public - oh such shock/horror - quick,rise up and smash them to pieces.

    What a load of twaddle.

    Australia's energy problems are real and entirely the fault of successive governments who have, and continue to, lock up our natural resources from use in energy generation and willingly force the shutdown of perfectly good generators which have up to 20 years of good life left.

    We have ample capability to meet all of our needs if we got the Grattans and their accolytes out of the way.
    Charlie
    15th Mar 2017
    11:22am
    Oh my sick budgie, another politician. Guess whose fault it was???
    ""The previous government""
    Hasbeen
    15th Mar 2017
    12:24pm
    Oh god Not a Bludger, you give them the facts, & get a page full of lefty propaganda instead of an intelligent discussion. No wonder we get such lousy governments when people believe this cr#p, & vote accordingly.

    The reason our electricity has skyrocketed is alternate energy. The power supply companies are forced to take all wind & solar cell generated power produced, at prices 3 & up to 5 times the cost of power from a coal fired power plant. This is mandated by governments pandering to, & trying to buy, green votes/preferences.

    This cost has to be passed on to the consumer. So next time you get your electricity bill, look to the government as the reason, & your neighbours roof, to see where you extra payment is going. Their solar cells are costing you a fortune, & you don't even seem aware enough of the facts to know it.

    The South Australian blackouts are caused by ratbag power policies of lefty governments down there, with their stupidity of their alternative power policy, & the attendant problems of which any engineer could have, & did warn them of.
    Paulodapotter
    15th Mar 2017
    3:21pm
    Now I know why Australia is rated so low educationally against our OECD peers. Come on fellow, it's time for you to sit up at the front of the room.
    Misty
    15th Mar 2017
    5:58pm
    Not a Bludger the Vic Govt had no say in the coal powered plant being closed in that state, it was wholly the decision of it's French owners.
    Misty
    15th Mar 2017
    8:22pm
    What a load of rubbish Hasbeen, Renewable Energy has nothing to do with the high cost of energy, get rid of it and see what would happen, nothing, energy prices would not go down, it is the greedy power companies that cause the prices to rise and will continue to do so unless energy is regulated in this country.
    Wstaton
    15th Mar 2017
    9:25pm
    I guess it lefties that say Qatar is making $26 billion from the same amount of LNG that we export why we make 800 million. I guess it's the lefties that say that the Japanese government collects $2.9 billion from import duty from the gas we export to them. We get just the same $800 million.

    My goodness you lying lefties.......
    Misty
    15th Mar 2017
    11:52pm
    Tongue in cheek I hope Wstation.
    Rae
    16th Mar 2017
    7:24am
    Got to watch those lefties really hard. If you're not careful someone other than a business owner might actually get ahead. Can't have that.
    Spondonian
    16th Mar 2017
    5:13pm
    Not much point having 20yrs life left in the generator when the rest of the plant is beyond economical maint. and repair. The problem is since our State Governments have sold off OUR power stations no new power stations have been built. When the foreign companies who own them have run them into the ground they will just shut them down and walk away. They wont spend $Billions building new ones.
    mareela
    15th Mar 2017
    10:48am
    Not a bludger and you know all about the cause and the cure of Australia's energy crisis because....................
    Oh I know the INP told you. Back on your box???
    The Bronze Anzac
    15th Mar 2017
    10:52am
    In North Queensland there is a monopoly, as Ergon Energy is the sole provider. Yes, we pay exorbitant prices for electricity. So, we have no choice to source a better deal, & no comparison sites.
    Pablo
    15th Mar 2017
    11:11am
    Agree 100% Bronze Anzac. No competition means prices are going through the roof, but it's OK for the SE Qld consumers. Like everything else in this State, if you don't live in the SE then you get nothing!
    Charlie
    15th Mar 2017
    11:17am
    How about the latest one, "if we built a coal fired power station in north Queensland it will reduce the cost of electricity to consumers." har har.

    If the government (either one) could control the electricity price they would do something about it now. Because the cost is too high now, not "when and if"

    The area they are talking about has only one electricity provider Ergon Energy which means there is no market competition, so the public have no bargaining power.
    Poppa Bear
    15th Mar 2017
    11:28am
    Don't know about, much less care about, the petty politics that continually raises it's head on this forum. All I know is that in North Queensland we have no choice of provider as the government has a monopoly provider from whom it demands a large dividend. This dividend rises when the state government needs more money, which seems to be very regularly.
    Budwah
    15th Mar 2017
    11:44am
    Would love to find a cheaper supplier but in Tasmania there is only one domestic supplier. A couple or so years ago the Government tried to open up the supply market but there were no takers so we are stuck with only one.
    KB
    17th Mar 2017
    3:37pm
    Better of with one retailer There is really no difference in retailersas they all charge the same and put up their prices.
    Misty
    17th Mar 2017
    5:18pm
    Where do you live KB?, in NSW all retailers have different priced, I can ring my supplier on 2 different days and get 2 different prices if I haggle and threaten to change companies.
    Rae
    15th Mar 2017
    11:58am
    No I've tried to source a better deal and been caught out twice by these billing companies.
    That is all they are.
    43% is pretty good returns. we should all have shares in them. Now theres a good idea. The people could own the suppliers and the billing company and lower prices by that 43%.

    I tried to pay for my energy by buying energy shares and the dividend helps.

    Now I'm saving for solar panels and battery storage. I'm over it now.
    Anonymous
    19th Mar 2017
    5:41pm
    I have located a ''community owned'' biller and my bills have dropped by 15%.
    Misty
    19th Mar 2017
    7:00pm
    Are they in NSW Rainey and what is the company?.
    Tom Tank
    15th Mar 2017
    12:01pm
    In Victoria we enjoy the benefits of privatisation where the market decides the prices. Oops did I say benefit??
    The price gouging is out of hand but once the power stations and distribution companies owned the facilities it was open slather.
    floss
    15th Mar 2017
    12:01pm
    4b2 you are right on the money they gave our gas to the Japs for a zero return, read the last comment Mad As Hell that guy has done his home work,wish I had his knowledge.Please put a sock in it Not a Bludger you have as much brains as my parrot.
    Old Geezer
    15th Mar 2017
    12:17pm
    It is now cheaper to import gas than use our own. I only use a gas BBQ and fill the cylinder once in about 3 years. It is cheaper for me to buy wood and burn it for heating. However I haven't hard to buy any wood for over 10 years now as I get enough for free.
    Misty
    15th Mar 2017
    6:02pm
    Apparently it costs more to send gas from Qlnd to Nsw then it does to California USA, how ridiculous is that.
    floss
    15th Mar 2017
    12:09pm
    Rae solar panels are the way to go there is some doubt as to the battery storage system at this time. We have had panels for some 6 years and they have paid for them selves I hope this is a help.
    Old Geezer
    15th Mar 2017
    12:13pm
    Solar is no longer worth while as the feed in tariffs are way too low. I have turned most of mine off as it is just feeding into the grid and the electricity company is making the money not me. When battery storage becomes economical I'll turn enough back on to charge the batteries. I am not giving away power for others to profit.
    jackie
    15th Mar 2017
    12:54pm
    Old Geezer....Turn off the mains and problem solved...Google instructions.
    Old Geezer
    15th Mar 2017
    1:30pm
    Nope it's easy than that Jackie.
    Rae
    15th Mar 2017
    2:31pm
    Thanks looney. I'm keeping my eye on 1414degrees to see how they go with silicon. If the technology is right then battery prices will fall.
    Aussie
    15th Mar 2017
    3:31pm
    Totally agreed Looney ... there are so many new developments with lithium batteries that are a lot safer and very save for the environment.
    OG do a bit of research on the 18650 lithium batteries that Tesla is using for the Cars and the Powerwall for home use.
    I have my workshop set up using a 100 watts panel with a power controller and inverter to supply 24 Volts to my 18650 lithium batteries connected in serial groups and then the groups in parallel to provide me with 240 Volts and able to run my power tools, lighting and my notebook .... Is fantastic and big savings because of my power tools that I use a lot almost every day

    Now I am building several groups of 18650 at 24 Volts to provide electricity to the house using 2 x 300 watts panels to get incoming solar power, power controller (Big) and a 3000 watts inverter and a few fuses.

    According to my calculations these should provide me with about 4 Kilowatts hour of power and almost 95% self contain home power.
    I will only use the grid for the fridge but soon I will have a dedicated set up for the fridge.
    Note No Air Conditioner at all never use AC
    I am also building a similar backup system just in case there is no sunshine for over 3 days.
    Also have a small petrol generator for large emergencies to charge the batteries.

    I also use computer power supply to charge the batteries in case of emergency ....

    So as far as I am concern the Power companies can go to hell very quick I will have a main switch to shut the all grid power Off/On as I want and probably will be off 100% of the time
    I will love to see the bill after 3 month of 000 KW usage I am sure they will charge me for something ....will see when I finish

    This is a sample of what you can do in retirement so you do not waste the rest of your life and achieve nothing ….. Have a look …. This is in Australia … the video was Published on 5 Jun 2016…..Have fun

    https://www.youtube.com/watch?v=RRN0uClnJBw
    Aussie
    15th Mar 2017
    3:34pm
    One more thing about 18650 batteries ...... heteo only cost from $1 to about 5/6 dollars each and you only need to replace one or two when they get bad rather than replace the full battery every 5 or 6 years and big dollars because they are not the same as the car batteries solar batteries are a lot more expensive .......
    jackyd
    15th Mar 2017
    9:47pm
    Interesting stuff Aussie....
    They will certainly charge your supply as long as you are connected to the grid.
    Aussie
    15th Mar 2017
    10:38pm
    jackyd,
    Yes probably they will charge and I will cancel the service I realy do not need them ....I am almost self contain .....and nothing can force me to have their electricity .... as long as I have all my connection done as per the requirements.
    Cat
    15th Mar 2017
    12:33pm
    Uh, how do I get a better deal by "comparing" energy providers when there is only one energy supplier in my area? A lot of the country is regional and we don't have multiple suppliers to choose from. This article is short sighted.

    What I think should happen is everyone in the country join together and organise an energy consumer "boycott" day where we all (except those who use life saving electrical equipment in their home) switch off our mains power for a day. This will cost the providers big bucks - and we keep doing it until these gougers stop gouging. Maybe it could be organised on a state level first. Anyone know how to go about this?
    Wstaton
    15th Mar 2017
    9:37pm
    Sorry Cat, all the electricity companies will do is up the price to make up for it.
    Rosret
    15th Mar 2017
    12:34pm
    Once upon a time in days of old the essential services - electricity, water, public transport, public parks and gardens, museum etc were considered a basic need that every Australian should be able to afford.
    Somewhere along the line we became the "lucky country" and forgot the poor in exchange for selling off the country.
    When visiting New Zealand recently I could walk through beautiful national parks for free. We could walk through their museum on a rainy day free of charge. I kept looking for the donation box to help rebuild Christchurch.
    Its rather sad when everyone starts ripping each other off, as we are here in OZ, instead of sharing our back pocket gets firmly zipped closed.
    Old Geezer
    15th Mar 2017
    12:54pm
    I live in NSW but to fish I need a licence. If I go north over the border in Qld I can fish without a licence and if I go south into Victoria they give me a free fishing licence. That has left me wondering if fish know when and where I can fish for free too?

    I agree about NZ so much is free or donation only. I hoped you used the scrubbing brushes when going into NZ national parks. It cost me $30 for an annual permit just to park and walk in NSW national parks.

    When in Tassie I got discounts to nearly everything but where I live discounts are very few and far between.

    15th Mar 2017
    12:51pm
    We were visited by a nice young man who told us we were paying too much for our electricity and promised that the company he represented could do a better deal. I got the numbers and while my wife kept him talking I rang our supplier who matched the offer. The nice young man made a phone call and his next offer was even better. I rang our supplier once more and they again matched the new offer.

    What really p*sses me off is that there are levels of charges by the suppliers and the average user is slugged because they just go along with what they think is the right thing to do. If these companies were regulated then all of us would be paying the same fees and charges.
    Wstaton
    15th Mar 2017
    9:42pm
    Yep Old Man, Just like it was before our politicions sold off every thing. Everybody in the state paid the same.
    jackie
    15th Mar 2017
    12:52pm
    Selling off to privatisation has been the biggest rip-off ever! Our government can't tie its own shoelaces.
    grounded
    15th Mar 2017
    1:23pm
    Which one...The Labor Governments or the LNP Governments?
    Paulodapotter
    15th Mar 2017
    3:15pm
    Does it matter?
    Misty
    15th Mar 2017
    6:07pm
    Obviously it does to grounded.
    Wstaton
    15th Mar 2017
    9:46pm
    Both I guess depended which state you lived in. In Victoria it was the Libs under Jeff Kennet.
    KSS
    15th Mar 2017
    12:55pm
    Inertia is the cornerstone of the Australian psyche. Most seem to prefer to whinge and whine rather than actually do anything. They do exactly the same with banks, credit cards, mortgages, health insurance, home & contents insurance, car insurance, telecom providers, super funds, and now power suppliers. Unless you live in an area where there is a 'take it or leave it' monopoly, FNQ or TAS for instance, you only have yourself to blame. It is not the government's (of any hue) responsibility to do your research for you. Shop around and play the providers off against each other to get the best deal you can. No automatic renewals without comparing the market and you will save money.
    Old Geezer
    15th Mar 2017
    1:34pm
    I just wish it was that easy KSS. For a start they all seem to calculate their discounts differently. 15% off can be nothing or it can be a lot. You need a spread sheet and their fact sheets.

    Here is an example
    1. 15% off 6c solar feed in
    2. 10% off 10c solar feed in
    3. 5% off 12c solar feed in

    Which one is the cheapest?
    KSS
    15th Mar 2017
    2:36pm
    1. 15% off 6c = 0.9c - 6c - 0.9c = 5.1c
    2. 10% off 10c = 1c. 10c - 1c = 9c
    3. 5% off 12c = 0.6c 12c - 0.6c = 11.4c

    And cheapest for who?

    That would be number 1 for the electricity company as they pay you the least. But the best for you would be number 3 Because they pay you the most even with the discounts.

    Its not that hard! Like I say you have to shop around!

    And personally I think the rate that is paid for solar energy fed back to the grid should be at the same price you pay to draw down from the grid.
    Old Geezer
    15th Mar 2017
    3:00pm
    Good try but they all work out within $5 of each other on the total bill. Number 1 actually works out the cheapest for the overall bill. There is also another one that gives 20% off but the 20% comes off after everything else is taken off so it is very misleading. It actually works out quite a bit more expensive than the other 3.

    I agree you should get 1 for 1 and get the same price as you pay for your draw done from the grid.

    It not as simple as getting x amount off as you need to know what that x amount is actually calculated on. I say to people x amount off what?

    It is worse than working out phone plans.
    KSS
    15th Mar 2017
    3:42pm
    Yes but your bill will show the actual owed (the units) and that piece of information is not given.
    Old Geezer
    15th Mar 2017
    9:02pm
    Yes it would have a different answer depending on the variables but all I was trying to do was show that until you work the whole bill out what you get in discounts and feed in tariffs etc cannot be used when comparing one retail electricity company to another. It is far more complicated. Some give percentage off whole bill, some give percentage of usage some give percentage off after all other items have been taken off etc. Then we have difference in when GST is calculated.

    They only way to compare electricity retailers is work out your bill using their fact sheets. Some don't have enough info on their fact sheets so you have to call them and hope you get someone who knows how they calculate their bills. Most of the time they don't know either. The you have discounts depending on how you pay your bill and for paying it in advance. monthly etc. One company even allows you to bid each day on what you will pay for your electricity and how much you will use.

    I won't even get into predicted plans.

    The funny money in phone plans is easy to work out compare to electricity accounts.
    Colinm39
    15th Mar 2017
    1:52pm
    We only have ourselves to blame for accepting.. I have been with Telstra and AGL, gas and electricity for many years and have never changed my providers. A simple phone call to AGL and they adjust my account. I'm on maximum discounts and a pensioner discount.

    With Telstra the same thing, even they rang me a few months ago and we negotiated some lower connection costs with no loss of service. After a few weeks of issues Telstra installed cable for me to overcome my ADSL 2+ issues and no change to my costs. And at the point in my house that I required.. Great service.
    Aussie
    15th Mar 2017
    2:09pm
    All this high prices are because our stupid govermets sold our national assets ...electricity some transport airports ...train .... what else they are going to sell ????? So they can have nice salaries and lots and lots of extras and tell us that budget is great and balance eith surplus ...big big bull...
    Us predident only earn 400, 000 x year but our post office manager over 1 million ....wowow nice
    We pay for it including us pensioners ....
    KSS
    15th Mar 2017
    2:38pm
    Make that over $4.5 million for the last COE of the Post Office!
    Aussie
    15th Mar 2017
    3:46pm
    Hi KSS ... I was just been nice .... incredible salary must be a joke ...I do not believe that we are so stupid to pay so much money for a COE or manager ..... maybe we are stupid ...
    Old Geezer
    15th Mar 2017
    9:04pm
    It will be interesting to see what they pay their next boss.
    jackyd
    15th Mar 2017
    9:43pm
    It will also be interesting to see what Australia Post's bottom line will be at the end of the next financial year and so on...some present day creative accounting perhaps to fulfil that salary.
    floss
    15th Mar 2017
    3:20pm
    35 years in the power supply game and have seen it all, privatisation and our gas sell off kicked off the problem .There is much more to the problem and it started many years ago and both parties must share the blame.
    Paulodapotter
    15th Mar 2017
    3:23pm
    I reckon.
    Captain
    16th Mar 2017
    2:49pm
    To make matters worse, a Sth Aust coal fired power station has today been sold to a Hong Kong conglomerate.

    Selling our assets to foreign interests!!!

    I objected when politicians began to sell OUR NATIONAL ASSETS to foreign interests to pay down their debt and we are paying through the nose for the privelige of using what once were assets that had been built up by many generations of our forefather's and I still object.

    The standard of politicians during the last 40 years has declined to the point where they no longer see Australia as a nation but as their own Kingdom with political point scoring as the main game.

    The elderly people of Australia are now second class citizens in their own country and the young people have to pull their heads out of the sand and realize they are the next generation of oldies.

    Send all the politicians on their way and start again with a people's forum.
    casper dude
    15th Mar 2017
    3:32pm
    Dear Hasbeen and other owners of a DeLorean stuck in a previous time mode.
    Before I start, a word of caution. If you were bright enough to join the Queensland Solar Bonus Scheme and still have the provider as AGL, you might get a marginally cheaper supply rate somewhere else, but you will drop to 44 cents feed in tariff. You would probably be worse off.
    Aha you say! that is why we are paying so much for power!
    Not so. by taking up the option when it was offered which has promoted the use of solar panels so effectively we have prevented you, the consumer, having to stump up for at least another coal fired power plant. Our feed in rate rate doesn't go up and if we sell our house as most do after 7 years, then the power companies will try to get our rooftop power for nothing. There are not many of us left on the original scheme so the 44 cents is not really a factor in the cost of power any more.
    Once we are not eligible for the feed in tariff we will go off grid immediately. Why give give away power we have made an investment in? This is not technology available sometime in to the the future. It is available now, and like solar panels will come down in cost
    Coal is over. If you or your super fund have invested in big centralized power generators, especially coal, then I urge to to get out before you lose your shirt. I also urge you to write to your Federal local member to let them know they will not get your vote if they bankroll The Dodgy Adani Project. India does not need coal either. They do not need to pay high prices for power to a mega rich mogul when all of the rural needs can be met far cheaper by solar and battery technology now - let alone when it is soon a fraction of the current price.
    Fact. Renewables are already cheaper and the Federal Government needs to get out of the way and let states like SA and private enterprise show the way.
    Move your thinking forward from 1950 and have a look at this video from Tony Seeba to see what is coming. The key words are disruption technology.

    https://m.youtube.com/watch?v=Kxryv2XrnqM

    By around 2022 - just 5 years down the track - renewable power in multiple locations will be cheaper to provide than centralized power stations EVEN IF they supply it for nothing. Such is the cost of providing and maintaining massive power lines marching across the countryside.
    Renewables are cheaper and coal can't compete now. In 5 years time it will be completely out of the race and the idiots in the LNP will have spent your future in vain.

    In any event, if we aren't too late already we have to stop producing CO2 by whatever means necessary is we are ruining the only planet we have for what future generations will survive. If you are game, tell your kids and grand kids what you did to save them from a world too scary to contemplate because we didn't change with the times in the face of overwhelming evidence.
    Aussie
    15th Mar 2017
    3:59pm
    casper dude
    Yes Dude I agreed 100% I am currently using solar for my workshop and soon for my home
    I am building a 4 KW home supply ..... great project
    ...... So I am with the future using lithium batteries 18650 for now
    jackyd
    15th Mar 2017
    10:09pm
    You're are missing one vital point Dude, industry including heavy industry, you know, that stuff that employs lots of people, requires massive amounts of energy 24/7 and renewables are not close to providing that requirement here or elsewhere.
    And you are quite delusional in respect to the effects of Carbon Dioxide in the atmosphere....that science is definitely not settled.
    Play Fairly
    15th Mar 2017
    4:53pm
    I heard the Greens leader on TV today speaking at the Press Club Luncheon. Among other matters, he talked about Australians having their own "Peoples Bank" . From what he said today, this sounded like a good idea.
    Regarding the electricity issue, I really hope Australia will nationalise both our power and water supply. We once had control over the domestic supply of these commodities, and it would be better for consumers and for our country if this was possible.
    Don't think though that this could ever be achieved by our current government, as they are mainly interested in helping corporations make more money. That seems to be the bottom line.
    What do others think?
    Misty
    15th Mar 2017
    6:14pm
    That is what conservative govts do, many politicians are bankers, own their own business, so of course they will always be looking out for their own interests as well as the big corporations and Multi Nationals.
    Wstaton
    15th Mar 2017
    9:57pm
    Well well well, We did have a people's bank. Wasn't it called the CBA?

    As all sell offs look where we are with the banks now.
    Misty
    15th Mar 2017
    6:16pm
    I really object to getting little return for the solar energy I am generating.
    Old Geezer
    15th Mar 2017
    8:50pm
    If just some of those people exporting solar to the grid got together and turned off their solar at the same time it wold bring the system to it's knees. They realise this and don't like it but just hope were are not smart enough to work it out.
    jackyd
    15th Mar 2017
    10:16pm
    Misty, I really object to the exorbitant outlay I'm paying for your solar generation!
    Misty
    15th Mar 2017
    11:57pm
    I couldn't care less about your outlay jackyd.
    Misty
    15th Mar 2017
    11:58pm
    it has nothing to do with my solar generation.
    Rae
    16th Mar 2017
    7:47am
    There you have it jackyd. The neo liberal attitude. " I don't care less about how much it is costing you because it is all about my winning". In a nutshell.
    jackyd
    16th Mar 2017
    3:51pm
    Thanks Rae, I think Misty missed the point.
    floss
    15th Mar 2017
    6:39pm
    Just finished watching our P.M at the gas conference , all I can say god help Australia.You be the judge.
    Eddy
    16th Mar 2017
    12:18am
    Can I throw in a hand grenade: how about nuclear power. Non-polluting (apart from a small amount (in volume) of waste), we have a squillion tons of uranium and most importantly space to locate a N power station a long way away from people. If we could have a reasoned debate without the usual irrational rhetoric, focussing on science and engineering, it could be a solution to our power problems.
    Wstaton
    16th Mar 2017
    2:48am
    Yep we have tons of LNG as well and look where that's getting us.
    Not Senile Yet!
    16th Mar 2017
    1:23am
    Some little known facts about Power & Gas Supply!
    1. When Governments Privatised/ sold them off....part of the deal that the buyer insisted upon was De-Regulation for a set period of time!
    Why? Because the infrastructure was Run-down...namely Poles..wires & Meters!
    So to complete the Sale Govts gave in to the Private Buyers demands.......and these were....
    a...Guaranteed returns whilst replacing poles...wires & meters on their Investment $$$.
    b...No Regulation...so no matter what they spent...they could recoup 10% on invested money...on top of Power prices...which our Govt approved in the sale!
    c...Power Prices reflect not the price of Power but also the return on money spent/invested fixing decrepid systems!
    2. The Governments all knew this before they signed their Private Sales...All Govts...left/right...Fed or State....because they all confirred with each other!
    3. Qld got the worst deal...namely only one supplier/monopoly.....because their Power lines...Poles...and Meters were not only the most decrepid but also over a larger area and harder to access.
    4....All Govts advertised...marketed that Privatisation would bring more Competition and Cheaper Power Prices to justify the Sell Off!
    But they all knew it was a lie...because they just gave Private Businesses .....an open pricing system that could only increase....as the Companies spent Billions fixing out of date Poles and wires...which we had to pay for on top of our power supply!
    5....Meanwhile...Govts reaped money from licence fees on top of that as well.....so they no longer had to Invest anything but still reaped tax from licence fees.
    Pretty good savings for them....but not us!
    6....The period of Non-Regulation was supposed to end once the Private Investors rebuilt the Networks...but since both the Govts and the Private Investors were reaping huge profits.....Govts decided to let it be.
    7... The Private Corps simply kept increasing prices...because they could....there being No Regulatory Body anymore!
    8....Govts simply could not stop them...they had signed away Regulation with the Sales.
    9....Now they have reached a stage where the Private Corps are simply ignoring them and costs for Power have Tripled in less than 10yrs...whilst wages are stagnating at 2-3% increase for the same period!
    10...Because wages have only increased by 20% but Power Prices haves increased by over 300%...it is now causing hardship!
    11...The call to Re-Regulate is not about the actual cost of supply....it is more about stopping the Big Corps from doing as they please....and reaping massive profits!
    12...The Govts even tried to appease by upping the charges to deliver on your bill....as well as increased connection fees! Still the Corporations put up Power Prices!
    IT IS NOT THE COST TO PRODUCE THAT HAS GONE UP SIGNIFICANTLY....IT IS THE GUARANTEED RETURNS ON INVESTMENTS IN INFRASTRUCTURE...POLES & WIRES....that is out of control...
    And because the Govt no longer is no longer the Regulator...they cannot audit it.....or question it....let alone Stop it!
    They gave Private Enterprise a Blank Cheque!
    So forget Left and Right Blaming.....BOTH SIDES AGREED TO THIS.....knowing our Prices would go through the Roof!
    It was a Corrupt way to make us pay more and they Invest NOTHING....Saving them a fortune to spend elsewhere!
    It was Deliberate....It was Sold on Lies....And now it's come back to BITE THEM ALL ON THE ARSE!!
    .

    .
    Misty
    16th Mar 2017
    2:03am
    And especially US, the consumers.
    Wstaton
    16th Mar 2017
    2:57am
    I also understand that they over invested on the poles and wires when none was needed because the 10%made on them was better continuos return than could be made elsewhere and guaranteed at that.
    floss
    16th Mar 2017
    2:04pm
    Not Senile Yet good comment but does any politician have the balls to fix the problem.This could be one of the biggest problem we have to face in the next decade.Has any one some idea.Jobs and growth will slow and die.
    floss
    16th Mar 2017
    2:04pm
    Not Senile Yet good comment but does any politician have the balls to fix the problem.This could be one of the biggest problem we have to face in the next decade.Has any one some idea.Jobs and growth will slow and die.
    anonysubscribe
    19th Mar 2017
    10:05am
    problem with the liberals and labour playing catching up is they persist in feeding businesses unfair profits paid for by citizens as TAXES [hidden as costs of businesses which took over public service functions and work as monopolies or oligopolies]. the handouts to businesses are financed from taxes paid by those unable to afford lawyers and tax dodging accountants. governments of both stripes then cut more public services. blind freddy could see this coming. but unfortunately, the australian public is constantly fooled all the time. big business pay no or little taxes. small business cry poor and rob citizens to make their super profits. the government quotes these lobby groups self interested reports to justify more pain on the public.
    maxchugg
    20th Mar 2017
    11:21am
    Take a look at these two sites, then keep the pressure on the federal government to, for the first time in living memory, act in the national interest:

    http://www.abc.net.au/news/2016-08-01/gas-prices-higher-in-australia-than-in-export-destinations/7680106

    http://www.news.com.au/finance/economy/australian-economy/how-australia-is-being-screwed-over-its-gas/news-story/4187e60617aec18e87d57453cfca0167

    It is apparent that the feds are already buckling under pressure, a little more will resolve the problem.

    10th Jul 2018
    2:49pm
    Bring it on! and re-regulate the power companies. consumers should not have to spend hours trying to work out which company offers the best deal as they are always changing anyway.
    I don't care which bloody government is responsible but it has to be fixed and now!