AEMO has warned that we will be paying up to 50% more for power next year, not 'just' the 35% warned by one of the providers; and more than the 30-40% expected to be announced in tonight's budget.

Three days ago, the Treasure was still defending Albanese's $275 off power bills lie, with another 'promise' that prices will be lower by 2025, because unreliables are "cheaper".

The floor prices of hydrocarbons for home, business as well as transport use have been pushed up due the Russia-Ukraine War. This is due to sanction enforced scarcity.

The end of that war (win or lose) should lead to a drop in hydrocarbon prices.

However, a far worse price riser is the eventual war over Taiwan, which could spread to a World War.

I'm talking about Australia, not Europe. The Russia/Ukraine affair has no bearing on Australia, whose problems are caused by Net Zero policies and subsidised wind and solar. It's all inflicted on us by dropkick politicians. We had cheap, reliable coal power, but the dicks are deliberately making it unviable.

Hi ttbn

The price of hydrocarbons in Australia are mainly influenced by the world spot prices for gas, oil, even thermal coal, which are being heavily influenced by Ukraine War induced shortages.

This is because Australia is part of the globalised hydrocarbon energy market.

Basically Australia's local energy companies and its multinational energy companies (eg. Singapore oil refineries where Australia gets its oil) look at the international export markets when they're pricing gas, oil and thermal coal for the Australian market.

Your the expert on renewables.

Cheers Mavs

I don't know where you get your info, Maverick, but I have had mine - that Russia etcetera is a European problem, not ours, - confirmed on the news tonight. Our problems are all down to our own governments, current and the previous one.

Cheers.

Australia's electricity prices have been increasing in real terms since 2008 after several decades of no real increase.

Those increases in prices have only accelerated over the years. They have precisely nothing to do with Putin's war. If you want to work out why prices are increasing, check what happened in 2008 to start the price increase round. If your research doesn't include the word 'Rudd' you've done it wrong.

Pretty much every government since then has tried to reconcile the electorates desire for cheap, reliable, 'green' power, with reality. They've failed. But they keep coming up with ways to kick the reckoning down the road eg Snowy 2.0.

Blaming the increase on 'the war' is just the latest way the governments have tried to deflect the blame from where it actually sits.