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ajsadauskas, (edited ) to auspol
@ajsadauskas@aus.social avatar

Hold on a sec, weren't we all told that privatisation would lead to cheaper electricity prices?

Weren't we told that repealing the carbon tax would lead to cheaper electricity prices?

Weren't we told that sticking with (more expensive) coal and gas power over (cheaper) renewables and storage would lead to cheaper electricity prices?

From the ABC:

"At the heart of the price gouging inquiry, initiated by the ACTU and led by Allan Fels, is determining in a high inflation environment what's general inflation and what else might be influencing pricing behaviour, the main offending price gouging industries, how they do it and how it impacts everyday Australians.

"Part of the problem is Australia is awash with oligopolies, which means there isn't as much price competition as there might otherwise be, which helps explain why real wage growth has been low and why the real prices of so many goods are so high.

"And while most of the media attention has been on Coles and Woolworths, the report will include other sectors accused of customer gouging and breaching trust such as energy, airlines and banks.

"Sydney University professor Lynne Chester, from the school of social and political sciences, supplied the inquiry with a detailed submission ... [which] said electricity prices have been escalating since 2005, largely due to increases in the charges paid for the generation of electricity. She said the charge for electricity makes up a significant component of the electricity price paid for by consumers.

"A key issue was that the regulation was designed for a competitive market, assuming competition would deliver lower prices, but the market was never competitive due to the presence of big powerful generator companies that have been merging with retail companies to create giants such as AGL, Origin and Energy Australia."

https://www.abc.net.au/news/2024-02-05/price-gouging-grocery-prices-energy-bills-airfares-inquiry-actu/103420574

#auspol #australia #economics #energy #privatisation #electricity #ClimateChange @australianpolitics #politics #business

giddy,
@giddy@aussie.zone avatar

WA here and quite happy with our government owned monopoly

SpiceMerchant, to Warhammer40K

Weekend WIP: Sororitas

Haven't done Sisters in a while and I didn't write down my paint list last time so I'm makingit up as I go. Base colors and a coat of nuln done. The Sacresant's armor is supposed to be darker of the two but in trying to preserve the metallic look I may have thinned the Speed Paint too much.

@warhammer40k

giddy,
@giddy@aussie.zone avatar

The Headless Swordswoman!

neuraltimes, to politics
neuraltimes avatar

Entirely Automated AI-Powered Balanced News Site

For the last few months our team has been working on an entirely automated AI-powered news site. I am excited to announce that v1.0 is finally being released. This version includes full coverage with every article generated from 2 left leaning, 2 right leaning, and 2 neutral sources. We have also added an anonymous commenting system for people to share their opinions freely. Our servers are now running 24/7 so that new articles appear as they happen! Let me know what you guys think, as well as any comments/concerns/questions you have!

Here's the link: https://www.neuraltimes.org/

giddy,
@giddy@aussie.zone avatar

Do you have an RSS feed?

giddy,
@giddy@aussie.zone avatar

The article about Biden’s granddaughter is complete shite. Only one of the source articles even mentions her and that was quotes from renowned nutjob Kari Lake. The algorithm clearly has a long way to go and that is before starting on the balance issue.

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