The Forum > General Discussion > Australian wholesale electricity prices are falling.
Australian wholesale electricity prices are falling.
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//...when I pointed out that retail prices were rising, you and others raced to tell me that the real story was wholesale prices.//
Yeah, "raced" - as though the words of myself and others suggested a sense of urgency; presumably to cut off at the knees a line of discussion we quietly knew would see the unravelling of our narrative!
mhaze - OLO's "clever contrarian" calmly outsmarting the "wOkE" with inconvenient "fAcTs"!
In reality, however, the wording and tone of myself was far from the mad scramble you portray. Mad scrambles tend to be evasive, not explanatory. Yet, here I had:
- led with retail prices in my first comment, quoting the ABS CPI line,
- discussed why retail prices had spiked,
- explained the retail/wholesale relationship,
- and listed specific retail-level factors contributing to the overall cost.
That’s the exact opposite of "banishing" retail data. It’s integrating both.
//And the word 'wholesale' is used much more often than 'retail'.//
That's because it's the starting point for comparing the cost of the various sources of power generation.
You'd prefer to focus on retail prices because it muddies the waters, and because you think (or are hoping) that the mud contains costs showing renewables to be more expensive in reality.
Better luck next time.