Our energy madness
OUT in the real world, the bills keep coming in and the rising cost of electricity is hurting. For many householders, it’s now driving usage decisions that have more in common with wartime rationing than a First World nation. All three major retailers have announced increases of up to 20 per cent and $600 for average consumers in some states. If you live in South Australia, the increase will be around $1400 a year if gas and electricity increases are combined. How does a person on a fixed income cope? For small business, it’s the difference between paying the increase and hiring extra staff.
For a country blessed in resources, this is madness. We’re exporting cheap and reliable baseload power to the world yet at home we’re cutting our nose off to spite our face. The increased demand for Australia’s gas overseas as well as the shutdown of large coal-fired power stations are to blame. And if higher prices weren’t enough, the issues of reliable supply still remain. PETA CREDLIN IS A SUNDAY HERALD SUN COLUMNIST