Will power prices keep rising unchecked?

Prime Minister Malcolm Turnbull this week sought further assurances from power companies  they will write to twice as many households as previously pledged in a bid to help customers save money on their power bills.

Mr Turnbull said he would do everything he could to ensure energy is affordable and reliable.

Two million customers on so-called standing offers will be directed to the government's comparison website, Energy Made Easy, where they can discover better deals.

But are you convinced this will have any effect? Or will power prices continue to rise unchecked?

Comments   166 Comments

This debate has shown that Labor is always high on principle but low on the practicalities of implementation, a problem with everything they committed to since 2007. Taking the same analogy once again, I liken their policies to 'throwing the baby into the deep end of the pool' with the hope it will swim.

Anonymous BG, there are some elements of the Henry Review into Taxation that many seniors would not want to see implemented, due to extreme socialist content.

Anonymous, I was trained by a Cult Awareness Network operating out of Brisbane in 1993. I also attended a conference given by a world expert in Exit Counselling. I have counselled a considerable number of people out of various destructive cults. I have been educated in various forms of Mind Control and Manipulation, Social Psychology and Group Dynamics.

Universities do not train Exit Counsellors, but there are some psychologists working in the field.

Anonymous, regarding blackouts in South Australia, Bob B. says the wind turbines ceased operation in high winds. A coach driver said the transmission lines came down. If there was stored power available to maintain baseload energy, there wouldn't have needed to be any blackouts or load shedding. The meaning of "baseload power" is that power will be available when an available source of energy production fails. Therefore your argument makes little sense.

To say that the whole thing was not political would be fallacious in the extreme, as SA politicians milked it for all it was worth.

When I think about the term Demand Management, I would say that the following are examples:

1. asking consumers to cut back on electricity usage
2. offering Off Peak incentives to spread the load
3. requiring sewerage/water treatment plant workers to phone them whenever extra capacity is needed to deal with emergencies
4. offering incentives for people to install solar panels
5. ramping up the price of electricity

Terry, unfortunately you are relying on other people's opinions yourself. An emissions trading scheme, if implemented, will prove NannaKay's and my point regarding destruction of the economy. Load shedding also has the potential to destroy Australian owned businesses.

Getting back to the original question, the website probably won't do any harm but I can't see much good coming from it. If it makes customers more aware of the choices they can make then fair enough but a lot of people in regional Australia don't have the choices available to them, so it won't help them at all. It might be a nice little diversion but I doubt it will lea to any changes of substance and I just can't see price rises ending anytime soon.

I love my solar panels. I'd be tempted to go off the grid if safe batteries were available. Trouble is, although we generate as much as we use, would need to be able to store 4 times that capacity to cover our needs when the sun is not shining. Plus I think we would be using a diesel generator a fair bit. So, like most we prefer to get our base-load from coal or gas (if the government re-activates Swanbank) rather than risk burning our house down with lithium batteries. But technology will move forward in time so eventually we may go off the grid - allowing us to install more solar cells.

Anonymous: Re SA's blackout problems: Yes, storms certainly contributed significantly to the September 2016 blackouts, as did the shut-down of many of the wind farms. But storms had nothing to do with the load shedding and massive blackouts associated with the very hot weather in February 2017. This was ordered by AEMO to protect equipment from overloading. SA is only now starting to address the base-load back-up for its renewables. There is a way to protect our power supplies - and that is to only allow renewable sources into the grid if there is a demonstrated back-up capacity - be it gas, coal, hydro, batteries or whatever. Unfortunately, the technology re battery storage is lagging behind energy production from renewables.

Hi Bob B. Qld still own their energy sector yet they charge almost match those of S. Aust, the highest in the western world. Your Qld Labor Government is obviously 'gaming, the system. Just one inconsistency with your statement.

BG. The Government have not disregarded the Finkel report. They've accepted 49 of the 50 recommendations. The final one re the composition of the RET is still under consideration. Not sure what you're on about. Your input is usually quite reasonable. What went wrong?

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