Do You Believe Santa Is Real and That Electricity Prices Won’t Rise?
Don’t be in a hurry to answer either of those questions without careful consideration.
Let’s have a look at the stability of electricity prices first as the information to arrive at a logical conclusion is the most overwhelming and the Santa question, … well, … I’ll get that.
I’m writing this from the perspective of an Australian who sources their electricity from the grid however anyone from any other country should take
heed because things may not be that different where you live.
So why would electricity prices need to rise in Australia anyway when the profits that are made by energy companies allow them to offer deals of up to 40% off market value to gain more customers.
And don’t think they’re not going to make a profit even after such a significant discount. Polls taken in mid 2018 showed that many people thought less of energy suppliers than they do of bankers even after a royal commission showed the moral and legal practices, including theft, was commonplace within the banking community.
But this is Australia; none of the protected species are going to jail regardless of how many millions of dollars they stole. Just like America we rewarded the “Banksters” with publicly funded bail outs after the GFC. Our leader’s integrity is a long way from Iceland’s where they put those criminals in jail.
Anyway I want to talk about energy prices, specifically electricity, and then we’ll get to Santa.
Since there is no end to corporate greed, businesses with huge profits, that will tolerate poor services, are very attractive options for the top end of town. I was surprised to learn when I was in Thailand, that they can buy Australian gas cheaper over there than we can buy it here. Now why would that be?
We will always get what we tolerate, and the retail price of any commodity is whatever the market will bear. Since apparently everything in Australia is a sale, it should therefore be no surprise that companies from Hong Kong and China control the majority of the delivery infrastructure for gas to Australian homes, as much as 99% in Victoria and only a little less than that in other states.
Are they here to make a profit? Well, … when you can buy Australian gas that has been transported to another country cheaper than you can buy it here, maybe you should seriously consider that these offshore multinational companies are involved in Australia’s energy businesses to make as much money as they can. Could it be possible that greedy multinational businesses are also involved in the production and distribution of electricity? What chance would there be that these entities would spend money to maintain our ageing electricity distribution infrastructure should they own 100% of the action?
Their objective would of course be to deliver the best possible product for the least possible price. I’m sure that’s what the advertisements on TV would say. There are negotiations afoot at the moment involving a Hong Kong-based company and $13 billion worth of Australian energy infrastructure. Could Australia’s energy sector be controlled by offshore multinationals and if so, would they have the Australian consumers best interests at heart.
With more and more people in Australia having interactive solar systems put on their
homes who are now buying less and less electricity from the grid which will meet the
same amount of service maintenance, let me ask you the question again. Do you think
electricity prices will stay the same? <<LEARN MORE>>
For those who decided that the energy companies do have our best interests at heart, they will also find overwhelming evidence that Santa Claus is a real person who lives at the North Pole.
John Lynn
www.suburbanoffgridliving.com