Be thankful you live in Melbourne.
No thanks, they have compulsory demand tariffs there.
Up here, the ALP promised to buy back domestic solar energy at 60c per kWh,
which is (cough) almost five times the
maximum tariff.
That last is WAY out.
So, what happens? Its not just little Mum's and Dad's putting 1 kWh
> units on their rooftops in Blacktown, lots of smart people realise
> that being guaranteed a wholesale price five times that retail
Thats a lie.
was a no lose proposition,
There was always a potential to lose, even the labor scheme had a time limit until it was reviewed.
so they stick $100k generators on the roofs of their five bedroomed houses.
Fuck all spend anything like that.
Now, the O'Farrell government has had to make the very brave decision to cut
this back to 3 times the wholesale price,
Your multiplier is WAY out.
still making them a profit in the long term
Nope, the return on that capital isnt anything special. You can get that in a bank deposit with a govt guarantee.
but not the massive profits created by the Labor incompetents simply to buy
some cheap headlines.
They didnt do it to buy cheap headlines, they were actually stupid enough to think it made sense.
AND its a GROSS feed in tariff too, you get paid that even if you use the electricity generated yourself too.
Just plain barking mad and a large part of the reason we have seen our electricity bills hike so dramatically.
> >>> I'm sure everyone here has been very worried that the NBN might
>>> stopped dead if
>>> the coalition wins the next election, since it's their policy to do
>>> that,
>>
>> Rubbish.
>>
>>> but
>>> you can all relax. The NBN is locked in, done and dusted.
>>
>> That's the last reason in the world to relax.
>>
>>> With all sorts of
>>> contracts signed by then it will just be too late for the coalition
>>> to do anything about it.
>>
>> Like the Melbourne desalination plant?
>>
>> "EVERY Melbourne household will have to pay more than $11,000 in
>> water charges in the next 30 years *before* *turning* *on* *the*
>> *tap*. Premier Ted Baillieu said the contract signed by the former Labor
>> government for the 'white elephant' desalination plant couldn't be
>> broken and households would have the red ink on their bills for
>> years"
>>
formatting link
>>
>> Brumby's Labor had NO MORAL or ETHICAL RIGHT to commit the next 7
>> governments to paying for this abortion.
>>
>> Now *you* are crowing that *this* immoral/unethical Federal Labor
>> government wil do the same thing?
>>
>> Typical Labor - no values, no principles, no ethics.
>>
>>> anything about it. No doubt this news will come as a huge relief to
>>> all of you.
>>> The NBN is here to stay.
>>>
formatting link
>>
>>
>> Liar. It will stay but it will be built for one fifth of the cost.
>>
>> Labor should *never* be permitted to manage public money