You’d better get ready for more expensive kilowatts soon. Electricity prices are going to “recouple” with soaring natural gas and coal prices. And here we thought cheap energy was a modern birthright. Australia gets 80% of its electricity from coal. That’s because the country has a lot of it. But there are two reasons why your electric bill could be going up. First, global coal prices are headed higher. Electricity producers – unless they own coal – will pay a higher market price for brown and black coal.
June 19th, 2008 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "coal prices"
Coal Delays at Dalrymple Lead to a Longer Boom
There’s nothing better than baring your icy feet to the warm jet of a fan-powered heater. So we were delighted when our boss walked in this morning with a spare fan-powered heater. She asked if anyone had cold feet. Our hand shot up. Our legs shot out. Our shoes flew off. Fate took its course. Apart from our new found foot-warmth, something else is giving us a warm glow today. The coal boom isn’t over yet. You haven’t missed it.
May 29th, 2008 | Dan Denning | 0 comments | Continued