Everyone loves a free lunch. But the Australia’s government’s sudden announcement of hours of free power will make rooftop solar much less attractive.
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Our coal-fired generators are failing, Russia’s invasion of Ukraine has made the gas that fires the generators that are replacing them expensive, and it’s suddenly got cold.
Soaring costs for coal and gas point to serious issues within Australia’s electricity market, with more retail prices likely.
There’s no evidence the Australian government’s so-called ‘Big Stick" power pricing law have achieved anything, or were ever needed.
The government is preparing to offer some kind of limited bailout to businesses that are struggling because of high electricity and gas prices.
