To Get know who Owns What Energy Retailer (Click Here)
Below Video tells how under-handed our current & past government have treated us & continue to do-so.
This video from 2016 uncovers the Cronyism & Deceptive energy Retailer Charges forced down the power-line to State-Grid Power Consumers, at that time it eventually led to Australia’s largest Power Generator AGL, to double it's wholesale energy price.
That only started after the government announcement the Closure of Hazelwood Power Station, and shortly followed by the two biggest Energy Retailers ORIGIN Energy & Energy Australia.
Being the Three companies that were allowed to enforce the dearest Energy Rates in the world on Australians, with no intervention from the spineless ASIC, ACCC & Self-governed Energy Regulators who were gagged by the government, and left with a very short time to investigate, all hiding behind weak energy market rules, that in turn allowed the big three companies to obtain Market domination at the expense of Australian Consumers!
Go to website: https://www.theGuardian.com/australia-news/video/2015/
HISTORY: Whilst Coal price dropped for several years, the Retailer energy rates kept on increasing, in 2005 the government setup the 'Australian Energy regulator', that is actually controlled by the same state government that own the state electricity company that they were tasked with regulating.
So, the Regulators are Regulating Themselves !
The first blatant cons is the term "Electrical Retailers" ! The so called "Electricity Retailers" in fact do NOT Supply, Pay or Transmit the power you consume, they simply skim a very lucrative "Commission" by loading your power bill with deceptive charges of over 40% for simply sending you a bill & handling your account, and just like a real-estate agent, Energy Retailers attempt to make a simple job look difficult, to justify there existence.
The next con is 'Poles & Wire' Maintenance: In City's it is misinterpreted to be approx. 50% (60% Country regions) of your power bill is supposedly for upgrading the "Poles and Wires", and those estimations are also loaded with fraudulent, misleading and largely un-needed upgrade charges by each state department (exposed publicly in the above video link), where again, government departments have watch dogs (regulators), watching themselves!
We believe Peer to Peer (P2P) Energy Trading will eventually provide energy fairness to the masses, the blatant Price gouging tabled on the ABC that AGL, ORIGIN & Energy Australia, will come to an end, but not whilst Australia still generates 70% of our energy from Coal.
Remember, No matter what your power bills come to, the actual cost of residential power is only 20% of your total bill !
The truth is, an individual can become totally energy independent from the state power grid, all it takes is a Battery bank, Hybrid Inverter and a Solar array that Generates Energy equal to or greater than there daily energy consumption, it's that simple!
People need to be educated, that spending $10'000~30'000 on the family car will return very little after 5~10 years, where investing $5'000~$30'000 on there own micro grid system, will not only "Self Fund the investment in 3~6 years", thereafter you will not have to pay for ANY power for the next 10~30+ years. The Not-So-Secret-Key to energy independence is investing in Energy storage equal to or larger that your Sunset to Sunrise energy consumption, the larger the battery bank the better, especially in the event of extended bad weather!
However, going totally off-grid may not necessarily the best option for everyone when looking at the big picture, as several 'Bespoke Retail energy company's', started offering up to $1.00 per kWh "Grid Credits", for purchase what would normally be your un-used stored energy, once signed up with one of the bespoke companies, they install a software box that automatically analyses and Harvest your normally un-used energy from your battery storage. ...Grid-credits have the ability to reduce your break-even time by up to 80% quicker. However, Pear to Peer (P2P) Energy will be the way in the near future!
Power Independence: Simply put is becoming totally independent of the state grid, you only need to purchase a battery bank with a kW storage capacity equal to (or larger) your largest daily kWh usage, and a solar array that produces equal kWh to usage, then if you choose to remain grid connection for security, you will only have to pay the grid "supply charge", that should be OK if you produce all or the lion share of your own power.
Remember: To become Truly Power independent, your battery storage capacity only needs to be equal or greater than your Sunset to Sunrise kWh energy Consumption, having at least 24 hour or more of energy storage, will see you through extended bad weather.
Then any excess energy generated, can then be exported into the state grid once your batteries are fully charged, we also recommend you source a new breed of forward thinking Bespoke Electricity Retailers offering around $1.00kWh feed-in Credits.
We are currently looking for investment partners to set up a private funded P2P Solar Farm, if you happen to be interested in investing in this project, please contact us to discus this project !
What does Cronyism mean?
Cronyism the practice of appointing friends or associates to positions or otherwise showing them favor due to having a relationship with them, rather than for their qualifications.
The word cronyism is used to criticize such practices, especially in politics.
The people appointed to these positions can be called cronies, as in He ran for office to enrich himself and his cronies.
In general, a crony is a close friend or associate, especially one among several. Crony can be used in a neutral way meaning much the same thing as buddy or pal, as in I still get together with my college cronies. But the word is most often used in a negative way to refer to a lackey or an accomplice in some kind of shady or illegal activity.
Example: Several high-ranking department positions were given to friends and former business associates of the governor, resulting in accusations of cronyism.