The Forum > General Discussion > Power prices under Labor.
Power prices under Labor.
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Posted by shadowminister, Saturday, 18 June 2022 3:42:41 AM
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Kudos Shadow Minister.
Posted by Canem Malum, Sunday, 19 June 2022 1:51:03 AM
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Once again you have posted you have exposed your idiocy. Firstly gauging is measuring and clearly, you meant gouging. Twit.
Secondly, gouging means that someone is charging a massive profit in a shortage which is not the case.
Backup gas generators are inefficient and very expensive to run, but they can provide lots of energy very quickly to prevent a network collapse. The costs of running these backup generators can cost between $500 to $1000 per MWhr. So when the fwit Labor government put a cap of $300 these idiots were asking the owners of these generators to contribute $ms of power at way below cost.
Even an moron like you should be able to work out why they didn't.
What's happening is a well-known consequence of an over-reliance on renewables that has been pursued by the state governments. Labor's policies are only going to further increase costs with the added expense of new lines (that receive a guaranteed payment) and the loss of low-cost coal plants.