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votehamergetdutton.bsky.social
Vote Hamer Get Dutton
@votehamergetdutton.bsky.social
17 followers 38 following 4 posts
Deadly serious. #KooyongVotes #auspol
ABC: "Peter Dutton has said Donald Trump is a 'big thinker and a deal maker'"
22 Jan: Gina Rinehart says "We should set up a DOGE immediately"
25 Jan: Dutton appoints a Special Minister for Government Efficiency
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votehamergetdutton.bsky.social
If wholesale prices make up "a third" or "45%" of retail costs, how could 44% wholesale savings translate directly to people's energy bills?
Nuclear reactors are the most expensive source of power with massive cost overruns, delays and cancellations.
Ref: www.theguardian.com/australia-ne... #auspol
Dutton said if there was “a 44% reduction in the model of delivering an energy system, you would expect a 44% reduction, or of that order, being passed through in energy bill relief”. However, that was a “complete misunderstanding “of the Coalition’s own policy, according to Dr Dylan McConnell, an energy systems expert at the University of New South Wales. “He has no idea what he is talking about,” McConnell said. Of Dutton’s claim that modelling showed the Coalition’s approach would cost 44% less than Labor’s plan, McConnell was doubtful. “That’s a clear misunderstanding of what makes up an electricity bill and what the [modelling report] shows.” He said only about 45% of a household electricity bill related to the cost of the electricity system and the wholesale costs that relate to the cost of the system referred to by Dutton. The rest related to the costs of local poles and wires, retail costs and environmental charges. Danny Price, managing director of Frontier Economics, defended Dutton’s comments, saying if he was referring to the energy costs portion of people’s bills then the lower cost should transfer to households. But on the impact on households’ overall electricity bills, “it’s a much more complicated question” he said, because of uncertainties around how prices are set in the market.
February 9, 2025 at 7:44 AM
votehamergetdutton.bsky.social
Peter Dutton appears to be making a rookie mistake that wholesales savings of 44% would translate through to energy bill retail savings: "'If you’re delivering a model that’s 44% cheaper, that translates into cheaper power prices,' he says."
reneweconomy.com.au/lies-damned-...
#auspol #nuclear
“[Frontier Economics] look[d] at our energy policy compared to Labor’s, they judge[d] that it’s 44 per cent cheaper than Labor’s,” Dutton says. When Insiders host David Speers points out that the 44% figure – itself hotly contested, as is Frontier’s Economics’ entire approach to modelling nuclear costs for Australia – relates to the cost of building nuclear between now and 2050 and not the power price impact, Dutton fudges further. “If you’re delivering a model that’s 44% cheaper, that translates into cheaper power prices,” he says. Pushed on this point, Dutton says, “If you apply the economics, so if there’s a 44% reduction in the model of delivering an energy system, you would expect a 44% reduction, or of that order, being passed through in energy bill relief.” Pushing once more, Speers says: “But Frontier didn’t tell you that that number, you’re just, you’re just drawing that assumption yourself.” Dutton: “Again, David, I mean, that’s that’s the economics of it. …All other variables being equal, if you have a 44% reduction in the overall cost to deliver that model, that is going to translate into that price reduction for households and for businesses, and that’s what we must do.”
February 9, 2025 at 6:19 AM