Coal powers Queensland and its electricity is the cheapest in the nation. Wind and solar power South Australia, and its power is the most expensive in the world.
Australia’s energy Minister, Josh Frydenberg is either deluded or lying, when he says that power prices are already on a steady descent.
Power costs to business have jumped 28% in 12 months in the ACT (with its 90% renewable energy target) and between 20 to 24% in those states with major wind and solar capacity (NSW, VIC and SA).
Victoria shut its 1,600 MW coal-fired Hazelwood plant and saw retail prices jump. Queensland retains its coal-fired fleet and watched prices drop by 5%. The graphic above doesn’t take into account the changes over the last 12 months depicted below. An updated version will show Victoria and QLD trading places.