Power bills jump $100k – Business forced into liquidation

Electricity bills increased from $80,000 to $180,000 over the past 18 months.

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South Australia’s sky-high electricity prices have forced an Adelaide plastics recycler to shut its doors,” says this article on abc.net.au. The shut-down will cost 35 workers their jobs.

Plastics Granulating Services managing director Stephen Scherer said the high cost of power had crippled his business of 38 years and had led to his company being placed in liquidation.

Den Tucker, the managing director of a company that had been using Mr Scherer’s plastics recycling services, said, “The price of our power has gone through similar numbers and we employ 45 people.”

“There is no solution being put forward at the present time,” said Tucker. “Our government is asleep at the wheel.”

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Reader Rosco Mac explains the situation thusly:

South Australia’s madness affects the rest of eastern Australia because 2 other state governments privatized their electricity supply totally.

Hence when demand is high in South Australia and the big bad wolf isn’t “a-huffin and a-puffin” they import electricity through their grid connection to Victoria and the rest of eastern Australia.

The “spot” price escalates to many many times what suppliers normally get so they all line up to try to sell to South Australia.

If the South Australian government weren’t able to buy electricity from the rest of us who still have reliable coal fired power stations we’d be better of and the people of South Australia would be “lynching all their parliamentarians.

Only one state in eastern Australia did not sell their electricity generation companies – Queensland.

And guess who has the cheapest electricity (despite joining in the ridiculous solar program where solar panels used to get paid double the retail price for electricity subsidized by all the suckers who can’t afford solar panels) – Queensland !

Other states electricity prices rise by up 20% tomorrow – July 1.

Queensland – less than 3% !

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June 30, 2017 at 10:38AM