Power bill megashock begins

Advertisement

From an anonymous QLD business that is seeking to renew an electricity contract that is currently worth $2500/month.


We currently pay 6.4969c/kWh peak and 5.5563c/kWh non peak.

Proposed contract pricing:

  • 3 year contract (3 times increase to $7,500/mth) 19.8687c and 17.0844c
  • 2 year contract (3.7 times increase to $9,250/mth) 23.6816c and 20.4957
  • 1 year contract (4.7 times increase to $11,620/mth) 30.19c and 26.5103c
  • No contract (6.5 times increase to $16,250/mth) 42.026c and 34.326c

Queensland: beautiful one day, obliterated by the Evil Gas (and coal) Cartel the next.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.