Quote:
Originally Posted by pmrid
The high cost of electricity is the result of power companies building network facilities that are vastly in excess of what is needed for reliable and sustained supply. They are able then to set their charges based on the guaranteed return on the valuation of their network assets. As a result, the Australian electricity industry distribution grid is valued at the present at US$75 billion whereas the grid for the whole of the United States is barely more - at US$100 billion. The reason is power companies are rorting the system and we are paying the price.
Peter
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Exactly correct. The lies that are told about renewable energy generally by some in government and other vested interests are a disgrace.
I didn't include my daily charge in my opening post so....
$1.144 per day
$0.35 per kwh peak
$0.1567 per kwh off peak (11pm to 7am week days plus all weekend)
$0.671 per kwh FIT (Unfortunately I have only a 1.1KW solar system which probably cost as much as a 3 or 4KW system would now)
I am in the Ausnet part of Eastern Victoria (the poles and wires people)
When Kennet privatised the Victorian system it became three tiered. The customer has to deal with a retailer that does absolutely nothing other than get your usage from the distributor and send you a bill. And that is where the competition is supposed to be!!! Absolutely mad.
Ian