Sunday, May 22, 2011
Power Bills forecast to Double says Supplier.
TRUenergy , a four billion dollar player in Australian energy market has predicted that power prices will double in the next six years after a carbon price is introduced. Shortage of base load power is looming while Gillard and the Greens are romancing with "green power " which can never be used as base load. The lead time for new power stations is considerable and capital is scarce in the current uncertain environment.