Liberal MPs Demand End to Australia’s Economy-Wrecking, Hidden $60bn Federal Power Tax

Already suffering the world’s highest power prices, Australian power consumers have watched prices jump by anything up to 28% in 12 months.

The greatest increases occurred, funnily enough, in the all-renewable obsessed Australia Capital Territory, home to the Australian Federal Parliament in Canberra.

The ACT entered power purchase agreements to buy wind power generated (occasionally) in South Australia and Victoria and crows about its very own large-scale solar power plant.

But for every glorious ‘look at me’, virtue signalling moment, there comes a reckoning delivered by economic reality.

via Liberal MPs Demand End to Australia’s Economy-Wrecking, Hidden $60bn Federal Power Tax

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