NSW Mining Chief Executive Stephen Galilee says the influence of coal prices on increased energy bills is “relatively small”.
“There are other factors at play including what the generators themselves are going to charge,” Mr Galilee said.
“It’s a very complicated market – to some extent the last thing we need is more fiddling from politicians in this market given how politically charged it is.”
source
All politcians are liars. Something needs to be done.
The political influence of coal prices on energy bills is "relatively massive".
Sorry, FHs, but you rely on coal for the time being. If you want a viable and cleaner alternative for the time being, support nuclear. Oh wait, you're vaguely aware of one or two incidents over the last 40 years where things were dangerous. Better blanket the country with useless solar panels and rip up the naturally beautiful coastline with massive, useless, expensive windmills.
DO IT THE UK CONSERVATIVE WAY ALBO 😊*The UK government has increased its 25% levy on oil and gas companies – the UK energy profits levy – to 35% from January 2023 as part of its November 17 Autumn statement. The scheme has also been extended by two years to March 2028.17 Nov 2022*
Here we go again, Ukraine and the other guy says nothing. Don't send coal to China!
We mine Uranium & export it.
We do not refine it but we should.
We do not enrich it but we must.
Self-sufficiency is a moderate investment away,
keeping existing infrastructure.
SMR are a no brainer.
Milly Syndrome is ingrained in AU.
https://www.youtube.com/watch?v=YZKpyOTzixE
Trump is a classic product of the 80's but this time he's right.
The 50% increase in electricity is to fund the green energy ripoff scam by the government who are blaming the coal mines for the increase, the truth is coming out Albo and Bowen.
Political interference is what is destroying this country, it's more overreach a bit like tyranny.
Exactly! "Fiddling" by know nothing politicians!
Imagine if we'd had COVID under a Labor government – the deficit would be twice as much again !!
Because we getting price gouged.
The government created the problem by demonizing coal and gas and lenders where loath to lend money to the power stations for upgrades and replacement machinery then the government started to shut them down early. Even before wind and solar was even producing enough power to cover such shutdowns. Happened here the UK, Germany and even France was shutting down old nuclear plants and not replacing them with nuclear but unreliable wind and solar .
The coal companies will just stop selling into the domestic spot market .
Wow. A man who understands supply and demand. How come no politician understands this
For anybody that hasn't been paying attention, it's natural gas that is the primary cost burden … and increased natural gas demand in our electricity generation is due to the proliferation of wind turbines that funnily enough don't generate power each and every time that a high pressure system passes through. Which happens with monotonous regularity.
Government Doesn't Lie 🤥🤥🤥
Ooo it's not going to be enough for all off us oooo no
Notice how they always blow up the coal plants as soon as they shut them down? This is so they can't be brought back online to lower the price of electricity.
Just ditch the Renewable Energy Target. Prices will fall overnight.
Why can the Coalition manage this ? And NOT LABOUR ??