mellowyellow
𝑅𝐹𝒞
Age and memory have the better of menah, his brother Donald
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Age and memory have the better of menah, his brother Donald
China has about 50x the number of people as Australia.In China more than 240 Coal fired power sations are planned or already under construction, meanwhile we don't know if the lights will be on this weekend? Australia has 16 in the entire country. We need at least another 6 on the East Coast and pretty fast or go Nuclear!
If you mean it is a market issue over the last several years, I agree with you. The design of the market has made the coal fired power stations uneconomic and the owners do not want to maintain them, leading to lack of reliability.As has been noted quite extensively, it is a market issue not a supply issue.
The regulator was established to mediate between industry disputes, not as a guarantor of the public interest.
Everything the Federal libs have done, or failed to do, simply reinforced this direction. Hence there are so few levers to pull when trying to stop price gouging, market cornering and withholding of supply.
If you mean it is a market issue over the last several years, I agree with you. The design of the market has made the coal fired power stations uneconomic and the owners do not want to maintain them, leading to lack of reliability.
If you mean the problem of the last several days is a market issue, I don’t think that is right. There was a lack of supply of electricity due to a large number of coal fired power stations being offline for a variety of reasons. This then led to the market mechanisms failing, or going haywire or being manipulated or whatever.
Not only that, they were subsidised billions to do precisely what they're not doing now.There was also capacity taken offline by generators because it wasn't profitable enough for them to provide it.
If anyone ever need evidence of why essential services shouldn't be privatised this was it.
Capitalist bastardry at it's worst.
I think that privatising was wrong. However, if they can’t make a profit then surely a reasonable expectation is that they don’t operate.There was also capacity taken offline by generators because it wasn't profitable enough for them to provide it.
If anyone ever need evidence of why essential services shouldn't be privatised this was it.
Capitalist bastardry at it's worst.
I think that privatising was wrong. However, if they can’t make a profit then surely a reasonable expectation is that they don’t operate.
Is it that they couldn't make a profit? Or they couldn't make as much of a profit as they wanted?I think that privatising was wrong. However, if they can’t make a profit then surely a reasonable expectation is that they don’t operate.
If they are not meeting contractual requirements, then they are in the wrong and there should be repercussions. If they are meeting contractual requirements and are choosing not to supply, then this is because it is not profitable, or contracts are poorly designed or pricing mechanisms are poorly designed or whatever.It's an essential service. How is it reasonable it's not provided?
I don’t know the answer to that. I don’t think it is overly relevant. If they are meeting contractual requirements, then they can do what they like. That is the NEM operation that has been established, rightly or wrongly.Is it that they couldn't make a profit? Or they couldn't make as much of a profit as they wanted?
How good is trickle downThere was also capacity taken offline by generators because it wasn't profitable enough for them to provide it.
If anyone ever need evidence of why essential services shouldn't be privatised this was it.
Capitalist bastardry at it's worst.
It's an essential service. How is it reasonable it's not provided?
Edit: I also said that it wasn't profitable enough, not that they made no profit. Basically they saw an opportunity to gouge the market by withholding supply, which should be illegal.
I know what I'm doing when I get home this weekend. My electricity bill per month is generally around the $120 to $150 per month mark, I've just received an email from my retailer and they tell me that based on our average usage, our bill be be going up by around $185 per month
Expecting them to lose money is unrealistic too.There was also capacity taken offline by generators because it wasn't profitable enough for them to provide it.
If anyone ever need evidence of why essential services shouldn't be privatised this was it.
Capitalist bastardry at it's worst.
I don’t know the answer to that. I don’t think it is overly relevant. If they are meeting contractual requirements, then they can do what they like. That is the NEM operation that has been established, rightly or wrongly.
The issues have to be fixed as best they can for this winter, the next few years and beyond that.
The first step is accepting that we start from here. We can’t go back 10 years and do things differently.
We spent billions upgrading powerlines. Probably not needed if the power isnt on.
In China more than 240 Coal fired power sations are planned or already under construction, meanwhile we don't know if the lights will be on this weekend? Australia has 16 in the entire country. We need at least another 6 on the East Coast and pretty fast or go Nuclear!
Heard Minister Ambrosio on Melbourne radio & she tells us she is going to a meeting next week.
Seems a brick manufacturing company in Stawell is closing its doors, cant afford its power bills, jobs ...
Expecting them to lose money is unrealistic too.