Tag: Prices

Australia

House prices smash records, fully reversing 2022 lows

Property downturn

Whose got the Money?

National prices recovered to reach peak levels from 2022 lows after climbing 0.38 per cent in September and by 4.31 per cent this year, according to PropTrack’s Home Price Index report released on Sunday.

Buyer and seller confidence is on the rise with a significant increase in choice in the major capitals, PropTrack senior economist Eleanor Creagh said.

“Home price growth has been driven by record levels of net overseas migration, tight rental markets and a housing shortage,” she said.

Source: House prices smash records, fully reversing 2022 lows

clean energy, Energy, Green Energy, Solar Energy

All of a sudden energy from the sun and wind is looking very affordable – » The Australian Independent Media Network

He couldn’t tell the truth before he was elected how could he be expected to tell it before this recent election? Energy prices were going up despite the Ukraine not because of it.

On 30 April, less than a month before the election I penned this piece, about the foreshadowed spike in energy prices, about to hit Australian consumers: Coalition promises higher electricity costs! I wrote it because it was quite clear that the Coalition were not going to come clean before the election and it was a known major factor that was going to hit Australian businesses and consumers as winter came on.

Source: All of a sudden energy from the sun and wind is looking very affordable – » The Australian Independent Media Network

Electricity

Coalition promises higher electricity costs ! – » The Australian Independent Media Network

Morrison even now could hold the hose and limit fossil fuel exports and cap their domestic price. In other words, reduce their profitability and tax them. Instead of subsidizing the worlds CO2 emissions industry and putting the brakes on renewables. He could have closed the expanding cost of electricity by closing the gap between the sources of electricity production.

The solution to this global market disruption according to Morrison – I don’t hold a shovel mate – is not to vote for Labor or the TEAL Independents and all will be well.

You know and I know that the real problem is that we are locked into global markets for the supply of fossil fuels and until we start to take seriously the transition to renewable energy we will continue to be price takers when it comes to coal and gas even though we are one of the world’s major suppliers of both commodities.

Meanwhile, the coalition have dropped the economy as being their strong suit and have moved on to national security and preparations for war. Over to you Captain Mainwaring.

Seriously, how could anybody re-elect this mob ?

Source: Coalition promises higher electricity costs ! – » The Australian Independent Media Network

Electricity

Australia’s wholesale power prices double in a year as coal-fired power plants falter | Energy | The Guardian

Power lines lead from the Liddell power station in the Hunter Valley, Australia

Morrison yells “Don’t look at me, It’s the ALP Government’s fault” Renewables could have been put in place to prevent the ever increasing gap. these price increases aren’t universal afterall but are particular to the LNP’s policies. Morrison by restricting the TRANSITION at every turn enabled the risk that caused the jump

Wholesale power prices in Australia’s main electricity market continued to rise in the first three months of 2022, more than doubling the cost a year earlier, with the increase blamed mostly on more costly fossil fuels and the falling reliability of coal-fired power plants.

Source: Australia’s wholesale power prices double in a year as coal-fired power plants falter | Energy | The Guardian

Oil & Gas

Gas Myths: Australians pay 7th highest prices in world despite being biggest gas exporter – Michael West

Australia is the biggest exporter of gas, bar none, in the world, yet we are paying the seventh-highest prices for gas in the world. Callum Foote reports on the gas cartel and the myth there is a gas “market”.

Source: Gas Myths: Australians pay 7th highest prices in world despite being biggest gas exporter – Michael West

Coal

Victoria’s Yallourn coal power plant to close early as clean shift slashes prices
EnergyAustralia’s Yallourn coal-fired power plant in the Latrobe Valley.

The decision comes as a flood of new renewable energy has been driving down daytime power prices and piling enormous pressure on Australia’s fleet of ageing coal-fired power plants, which are far more expensive to operate and, increasingly, struggling to compete.

Victoria’s Yallourn coal power plant to close early as clean shift slashes prices
LNP Economic Management, LNP Government, Uncategorized

South Australia’s clean-energy shift brings lowest power prices on national grid, audit finds | Australia news | The Guardian

A cow stands by wind turbines

via South Australia’s clean-energy shift brings lowest power prices on national grid, audit finds | Australia news | The Guardian

LNP, LNP Economic Management, LNP Government, Uncategorized

House prices and household income plummet under the Coalition

via House prices and household income plummet under the Coalition

Electricity

Energy crisis: Wholesale power prices have doubled since the carbon tax was axed

So much for axing the tax: a growing crisis in the electricity market has led to wholesale power prices more than doubling in a year, and rising to at least twice what they were under the controversial Labor-Greens carbon price.

Source: Energy crisis: Wholesale power prices have doubled since the carbon tax was axed