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by cam_l
1 hour ago
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The issue in oz, is that energy investment by power companies is locked in with decades long contracts - raising power prices for everyone. But investment by individuals is subject to bait and switch. Most people bought in with the expectation of a 12-15yr break-even, but the dropping feed in prices, and increase in grid costs have meant that break-even will probably never materialise. Meanwhile, we keep paying excess costs for power companies to produce dirty power, and subsidise mining companies to sell off our gas and coal overseas, without even getting a benefit through taxes or royalties (or barely any). Makes sense people are kind of pissed off about this (even if their reasoning is batshit-skynews-crazy). |
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Ok this may squarely be in the upper middle class and up for now but prices will come down and change everything. Almost to the point of off grid being feasible for suburban and rural areas at least.
Then build solar and wind farms and batteries and hydrogen production/consumption for base load.
Edit: changed to inc. solar