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13 March 2025
The Australian Energy Regulator raised electricity prices because the cost of transmitting and distributing power has gone up, mainly due to rising interest rates. This affects about half of our power bills. Additionally, the cost of coal and gas has risen since the Ukraine conflict, making electricity more expensive. Tim, an expert in energy finance, argues that while renewables are not costly, Australia hasn’t built enough renewable energy capacity. He opposes nuclear power as a distraction in Australia, saying it’s too expensive and would raise prices. Instead, he recommends people use rooftop solar and batteries to cut their energy bills by up to 80%. The transition to renewables could happen faster than some politicians say, and individuals can help by using solar power and reducing grid energy use.