Solar Heat

It's the scam down under:

The wholesale price of electricity in Australia is roughly three times cheaper than it was two years ago, according to new data from the Australian Energy Regulator, but retailers are still jacking up their prices. The regulator's Wholesale Markets Quarterly Report for the first quarter of 2024 shows that wholesale energy prices have fallen about two thirds from recent highs in 2022. However, Queensland Conservation Council energy strategist Claire Silcock said those savings were not being reflected in people's power bills. "The retail price is going up in Queensland next year because there's still a lot of risk for retailers that there will be periods of extreme high prices," Ms Silcock said. "They're managing that risk and not passing those wholesale power price reductions on to consumers."

Going solar gets you burned...