Renewables Disaster Sees Australian Power Prices Jump Another 20% – With Worse to Come

The AGL price hikes of 16% (NSW), 18% (SA) and 19% (ACT) represent annual price increases of between 10 and 12 times the 2016/17 annual rate of inflation of 1.5%. That punishment follows 12% increases in retail power prices in SA last year: South Australians Locked in Wind Power Price Disaster: Retail Prices Jump Another 12% – and a 90% increase in power costs for businesses: Wind Power Costs Crushing South Australian Businesses: Firms Hit with 90% Price Hike

Source: Renewables Disaster Sees Australian Power Prices Jump Another 20% – With Worse to Come

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