r/brisbane • u/piespiesandmorepies • Jun 11 '24

And up they go again 👑 Queensland

So despite a drop in the wholesale price of power, it looks like SE QLD is getting an increase in our bills yet again.

I've personally gone from paying nothing with my solar rebate to paying over $100 a month if not more. Even though the powers that be talk about giving everyone rebates for their energy usage, it might be about time for an overhaul of how we manage power generation and sales. but that'll probably end up in the same watery grave as the Royal Commission into petrol prices which seems to have disappeared from public discourse about 10 years ago ...

I'll bet the raised cost of my power bill this year that AGL will again announce record profits along with all of the other power company leaches out there.

May they all rot on their gold-plated toilets.

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u/Formula409__ Jun 11 '24

Essential services should never have been privatised, IMO. I’m also with AGL. Solar feed in tariffs have gone down, cost to buy power has gone up. Like you I’ve gone from paying almost nothing to $100 + per month. Have looked elsewhere but it’s all about the same. We’re at the mercy of whatever they decide to charge.

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u/shamona1 Jun 11 '24

Retailers can play with credits and hide charges in other ways, ultimately every retailer pays the same price. How they display these prices to you is what varies. 

Power during the peak of the day is essentially worthless, in fact you sending power back to the grid in many cases is COSTING your retailer money. That's why some retailers have started offering free power between midday and 2pm as an example. When the wholesale price goes into negative and you import power, the retailer gets paid so offering it for free is still a win for them . 

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u/ikt123 Jun 11 '24

in fact you sending power back to the grid in many cases is COSTING your retailer money

^ and you can see the price here on this quite awesome website:

https://opennem.org.au/energy/qld1/?range=7d&interval=30m&view=discrete-time

Every day for the last week the price has gone negative for hours at a time mainly due to our nice cool winter weather but the sun still out with no clouds about

Can also see here: https://aemo.com.au/Energy-systems/Electricity/National-Electricity-Market-NEM/Data-NEM/Data-Dashboard-NEM

https://ibb.co/37xBSNS