Network costs form the biggest part of your electricity bill. Australia is a big country, and moving electricity around it is expensive. As the graph above shows, network costs have contributed 40 per cent of the total price increase over the past decade.
The reason we now pay so much for the network is simply that we have built an awful lot more stuff over the past decade. It’s also because it was agreed — through the industry regulator — that network businesses could build more network infrastructure and that we all have to pay for it, regardless of whether it is really needed.
Much of the debate about our future power generation has become mired in political point scoring and simplistic arguments designed to inflame and outrage, writes Ian Verrender.
Network businesses are heavily regulated. Their costs, charges and profits all have to be ticked off. This is supposed to keep costs down and prevent consumers being charged too much.
That’s the theory. But the fact is costs have spiralled. Between 2005 and 2016 the total value of the National Electricity Market (NEM) distribution network increased from $42 billion to $72 billion — a whopping 70 per cent. During that time there has been little change in the number of customers using the network or the amount of electricity they used. The result: every unit of electricity we consume costs much more than it used to.
AP estimates that we have paid $63 million for Trump’s jaunts to Mar-A-Lago since he’s taken office. And that doesn’t include the estimated $75 million it cost for Melania and Barron to stay in New York.
Australia’s energy watchdog will investigate suspicions that electricity networks and gas pipelines have overcharged consumers by $400 million a year to cover their corporate tax bills.
Network charges have been the single biggest factor in rising household electricity bills over the past decade. The charges cover the cost of the “poles and wires” used to transmit and distribute electricity.
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1)Oceans act as a sink for warmth, it takes them a long time to warm or cool through their sheer volume. In 2017 they were the warmest ever recorded.
2)2017 was the second or third warmest year recorded, depending on which dataset was used. Of significance, 2017, was the warmest year recorded without the influence of an El Nino event.
3)The Arctic sea ice extent and volume have continued to decrease, the lowest extent in September was the eighth lowest ever recorded. Volume has changed downward by about 80% since 1979.
4)Antarctic is being investigated quite profusely at present, its sea ice has been at low levels. The huge 5,698 square kilometre Larson C ice sheet broke clear in July 2017. A number of major ice sheets are considered to be at risk as grounding lines are moving shorewards.
$1.32 billion / 24.4 jobs = $54,098,361 per job By Michael Griffin Concerns about the environmental costs and damage to the nationally and globally significant Great Barrier Reef by the Adani Group’s Carmichael mine in Queensland, the world’s biggest coal mine, have been expressed. Yet the now discredited claims regarding the economic benefits that the…
Report says mine sites may not be able to be successfully rehabilitated and warns of ‘big liabilities’
Whenever you read a story on the cost of weddings, it comes with an alarmingly large number. You should take that with a grain of salt.
For that price – $1570 per day – we could put them up in the Hyatt and pay them the pension 15 times over.
What lies ahead for the United Kingdom and global financial markets now that the reality of a Brexit is inevitable?