Blaming Ukraine for Australian Energy Prices is Misinformation

Coal prices have risen internationally but Ukraine had nothing to do with energy prices rising in Australia. Investment in solar and wind is to blame. It is important that the government in this country start facing reality and stop hiding the problem. The Ukraine has nothing to do with coal prices in this country. In fact, Australian coal prices did not rise at all under their existing long term contracts for our coal-fired power stations. The government must stop misleading parliament that rising electricity prices in Australia are due to a war in the Ukraine. Massive solar and wind subsidies are the cause of Australians suffering some of the highest electricity prices in the world. Every time a coal fired power station is shut in this country we see yet the another spike in our power bills because unreliable ’renewables’ cannot provide the same inexpensive baseload power supply. This government’s Safeguard Mechanism Bill will add even more fines to reliable coal-fired power and yet more pain for Australian households. Transcript: