Energy bills soar in shift from coal power stations, by Kylar Loussikian.
Electricity companies have begun hiking consumer prices around the country, blaming the closure of coal-fired generators and the increased cost of renewable energy for higher-than-predicted increases of more than $130 this year.
EnergyAustralia and AGL have increased electricity tariffs in Victoria by $135 and $132 on average for the year respectively — greatly exceeding state government modelling that concluded bills would rise by $27 to $100. …
The consumer price rises will increase political pressure on state and federal governments to deal with escalating energy costs that have sparked business warnings that rising power charges are undermining competitiveness.
The Australian Energy Council has warned the impact will be greatest in Victoria and South Australia, which face the biggest wholesale price increases.
All because of a bogus climate theory and a PC governing class who cannot or will not figure it out.