SA Cartel ripoff by fossil power

Offline for upgrade to interconnector event was notified well ahead of time. Owners of Pelican Point Engie(Gdf-SUEZ) are also owners of Hazelwood(and others), so conflict(s) of interest. Similarly when AGL, Origin etc schedule or unschedule outages of coal fired generators, shortage of supply causes extortionate rise auction price. Cost of brown coal energy input Hazelwood is next to nothing($3.00/MWH?) but output is paid whatever auction price up to $14,000/MWh. When few big corporations, like oil, aluminium etc, held world to ransom, they were considered nasty; the term “cartel” describes their antics. Time for word cartel to be revived.

>more> Yes2Renewables

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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