wants them to link any pain in their wallets to the rollout of renewable energy and the government’s climate targets., this week described the government’s “renewables-only policy” as a “wrecking ball through the Australian economy” and said families “know it because it’s harder in their own budgets”.
Dr Dylan McConnell, an energy systems analyst at the University of New South Wales, says only about $100 of a household’s annual electricity bill is made up of charges related to environmental programs, such as feed-in-tariffs for rooftop solar or financial incentives for large-scale renewables projects.But McConnell says electricity price rises in more recent years have been underpinned by the rising international costs of gas that was “supercharged” by Russia’s invasion of Ukraine.
In the last quarter, the biggest price rises were in rents, secondary education, tertiary education and medical and hospital services. He says relative to the CPI, electricity prices have fallen since around 2013 when, for the 10 years leading up to that point, electricity prices had been climbing largely because distributors were recouping their costs for building out the network.A word about Peter Dutton’s nuclear announcement on Wednesday, which will have been hard to miss. For many months, the Coalition promised more details but has so far offered very little.
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