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Power Prices & Options |
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Miners Rest Status: Offline Points: 51818 |
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Posted: 03 Aug 2018 at 2:41pm |
There's massive hue & cry regarding the present cost of electricity but from a purely personal level, I couldn't be happier with our provider & access to various brokers who keep the bast....s honest We are a 2 person household with bottled gas hot water (now that price is a problem), aircon & TV going 13hrs/day, 2 PCs, 2 electric blankets 12hrs/day, a fridge, electric fence unit & 10 solar panels. I or Electricity Wizard check 6mthly for improved options & no matter who has a better one, Origin always go a step further Our June quarter was $444.92 discounted 38% to $314.19 if paid on time & with the Solar feed in of only $24. New plan is identical to the above less a further 38% discount on supply which would have meant a further $60 off this a/c.
The previous 3 mths was only $168. |
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Wisdom has been chasing me but I've always outrun it!
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Our bill went down when one son moved out and stopped taking 40 minute showers twice a day!!!
Working from home, still got 2 kids here and another works here, rc air, pool, multiple fridges, TV's, devices, etc all going non stop, can't recall a bill under $1,000 ... keep in mind, adult kids never turn off a light or shut a door when they come in and out, and wear clothes once and put them straight in the washing!
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31290 |
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You run an electric fence in Bankstown? Is that to keep the Muslims out?
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Miners Rest Status: Offline Points: 51818 |
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Ballarat - Miners Rest 13 acres Status: Online Points: 30982 |
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Wisdom has been chasing me but I've always outrun it!
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Passing Through
Champion Joined: 09 Jan 2013 Location: At home Status: Offline Points: 79533 |
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I got mine today. The smallest bill I have ever had, but I dont have an electric fence.
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TIGER
Champion Joined: 23 Feb 2007 Status: Offline Points: 8533 |
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Highway robbery
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EAD
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Isaac soloman
Champion Joined: 13 Oct 2015 Status: Offline Points: 6085 |
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Expanding Alinta tots up sizzling profit turnSean SmithThe West Australian Alinta Energy has emerged from its first year under the ownership of Hong Kong group Chow Tai Fook Enterprises with a hefty profit rise as it aggressively expands on the east coast. Accounts filed with the corporate regulator this week show WA’s biggest gas retailer leapt to a net profit of $629.4 million in the 12 months to June 30, aided by a $177 million tax benefit. The profit compared to a $51.5 million loss for the previous year, which was muddied by the change of ownership. The WA-founded group was sold to Chow Tai Fook in April 2017 after its hedge-fund and private-equity owners — about 30 — backflipped on a proposed $4 billion sharemarket float. The conglomerate has already recouped some of its investment, with Alinta returning $141.9 million in franked dividends during the year. Alinta has been embroiled in a protracted gas price war with newcomers in WA, where it is the dominant supplier, while poaching customers from the same companies and expanding operations on the east coast. In January, it added to its generation assets by paying $1.2 billion for the low-cost Loy Yang B coal-fired power plant in Victoria’s Latrobe Valley. The latest financial results were accompanied by little commentary and Alinta’s Sydney-based management did not respond to requests for comment. The accounts suggest the group made nearly $600 million before interest, tax, depreciation and amortisation in the latest year, up from about $380 million previously, as revenue grew to $2.7 billion from $2.2 billion. With the onset of cooler weather in south-west WA, Alinta has stepped up its marketing to match aggressive discounting by newcomers including AGL Energy and Origin Energy. The price war has seen the retailers offer discounts of up 37 per cent along with other incentives to lure customers.ut the weak market gains by AGL and Origin since they set up in WA last year suggest that Alinta and its main rival, Wesfarmers’ Kleenheat, have seen off the immediate threat. Much of Alinta’s focus has been on the east coast, where it is said to have doubled its customer base over the past year. Chief executive Jeff Dimery says Alinta is prepared to operate on thinner customer margins than its competitors in order to win east coast accounts. “We’re growing our profit, but the contribution we are getting per customer is definitely falling away quite rapidly,” Mr Dimery told Fairfax Media last month. The group’s results did not update its customer base, which was put at 768,888 residential and 13,507 industrial customers at the end of 2016-17. That number included 548,633 households in WA, where total gas customers had increased to 761,734 at the end of July. Kleenheat accounts for about 198,000 of those customers. |
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31290 |
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Here’s the evidence. Since the birth of the National Electricity Market, or NEM, almost twenty years ago, power prices have risen by 232 per cent nationally — and by 100 per cent in real terms, relative to the prices of other goods and services. Prices have risen far higher in the east coast cities, where the NEM operates, than in Perth and Darwin, where it doesn’t (or in Hobart, where it’s made little difference). Moreover, the more privatised a city’s electricity system is, the more its prices have risen. That is not what the regulators or the politicians want to hear, but it is what the evidence is telling us. https://insidestory.org.au/cheaper-electricity-and-lower-emissions-so-near-and-yet-so-far/ |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Beginning of the end for subsidised renewablesOne of the most astute investors in the world is Warren Buffett. Since 2004 his company, Berkshire Hathaway, has invested more than $US17 billion in renewable energy, predominantly wind farms. In case you think Buffett is some bleeding-heart global warming believer, here is his explanation for the investment: “I will do anything that is basically covered by the law to reduce Berkshire’s tax rate … We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” Under the US production tax credit scheme, American taxpayers forked out more than $US14bn to renewable energy operators between 2014 and last year. The scheme provides for a tax credit of $US23 per megawatt hour and each project can claim this credit for 10 years. Unfortunately for the renewable energy sector, the scheme is being phased out. Moreover, with the dramatic cut to the federal company tax rate (from 35 per cent to 21 per cent) implemented by the Trump administration, the value of tax credits for existing renewable energy schemes suddenly has dropped. |
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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JudgeHolden
Champion Joined: 16 Apr 2011 Status: Offline Points: 11716 |
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Well the election of the Donald sure hasn’t slowed down Buffett’s appetite for renewables:
https://www.reuters.com/article/us-midamerican-renewables/buffett-utility-to-be-first-in-u-s-to-reach-100-percent-renewables-idUSKCN1IV2A2 |
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JudgeHolden
Champion Joined: 16 Apr 2011 Status: Offline Points: 11716 |
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And just this June, solar too:
https://reneweconomy.com.au/warren-buffett-secures-amazing-low-prices-for-1gw-of-solar-95208/ |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Tends to be pretty windy in Iowa, and yet ... Because of the intermittency of electricity generated by wind, the utility will continue to use its existing natural gas, nuclear and coal-fired power plants, MidAmerican said, adding that it is seeking sites to add more wind farms. ...oops
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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JudgeHolden
Champion Joined: 16 Apr 2011 Status: Offline Points: 11716 |
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That’s right Doc. Adding more wind farms.
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31290 |
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I can hardly wait for the big drop in my next electricty bill.
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An honest politician is one who when he is bought will stay bought.
Simon Cameron |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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... and how's your tax bill looking, after the government pays out billions on your behalf to subsidise a saving that you are "hoping" for?
Anyhow, if anyone does see a reduction in their bills, I guess we can thank ScoMo!
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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World wide there are 1600 new coal fired power stations being built, mostly in the poorest countries ... why not windmills and solar panels if renewables are so much cheaper???
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Passing Through
Champion Joined: 09 Jan 2013 Location: At home Status: Offline Points: 79533 |
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Flushed with the overwhelming success of his Flag Pin and with most Libs now knowing where they live, PM ScoMo has released a new pin to remind his govt exactly who owns their sad little scrotums.
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Missing Malcolm much?
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Isaac soloman
Champion Joined: 13 Oct 2015 Status: Offline Points: 6085 |
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Nuclear share of electricity generation (2016)Source: World Nuclear Association |
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Miners Rest Status: Offline Points: 51818 |
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I checked my electricity plan yesterday with energy wizard who I normally use.
I was pleasantly surprised to learn it's the best in my area by a country mile & to ensure I renew it prior to its' end date in July Origin with 38% off each supply & usage
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Wisdom has been chasing me but I've always outrun it!
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