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LABOR 55 SEATS COALITION 27 GREEN 3 IND 3
There is no single method of calculating 2PP for this election. The following are examples of possible figures:
57.62% to Labor (Uniform swing applied to Richmond - probably fairest method)
57.89% to Labor (Richmond treated as 100% to Labor)
57.35% to Labor (Richmond excluded)
With two-party results for all Lower House seats now available it's time to wrap up my Victorian election coverage for 2018, on a high because at least that's the one house where I can talk about the results without constantly losing my temper at the system. The article again includes a 2PP pendulum. While this will be of less use for the future than the 2014 one was, given that there is a major redistribution coming, I think it is still useful for looking at the results, and especially at whether the Coalition was lucky not to lose even more seats than it did.
Final vote share results
The final primaries for the Lower House were Labor 42.86%, Coalition 35.19, Greens 10.71, Others 11.24. As @sorceror43 notes, excluding Richmond, "Labor won 67.4% of all minor party prefs, slightly down from 69.8% in 2014. That's despite Greens share of all minors dropping from 57.8% in 2014 to 48.4%." I have not attempted to measure shifts in the preferences of Greens and Others specifically yet, but suspect there was very little change.
There is unfortunately no unique way to calculate the statewide 2PP for this election because of the Liberals' ill-fated decision to not contest the district of Richmond. Richmond is a very pro-Labor seat on a 2PP basis so removing Richmond from the results has the effect of downplaying the swing across other districts. While official sources will probably need to give a 2PP percentage based on an actual vote tally, I think that applying the swing from all electorates other than Richmond to Richmond on a notional basis creates the fairest estimate of 57.62% to Labor, a swing after rounding of 5.63 points. The average swing per seat was slightly lower at 5.47%, as a result of population distortions. The standard deviation of seat swings on a 2PP basis was 3.84%.
As well as the estimates available by omitting Richmond or treating Richmond as 100% Labor, Antony Green has tweeted a further statewide estimate of 57.7% obtained by applying derived Greens flows from other seats to Richmond. However this implies an 85.9% (+12.8%) estimated 2PP in Richmond, which is out of step for other comparable seats. Another rough way to get a handle on the possible swing in Richmond (had the Liberals run a candidate is to look at the Upper House votes). In the remaining Nor...
On Thursday 13 December, Royal Australian Air
Force (RAAF) Boeing C-17A Globemaster III A41-207 was noted
completing a missed approach and low overshoot at Rockhampton
Here are the answers with discussion for this Weekends
Quiz. The information provided should help you work out
why you missed a question or three! If you havent already done the
Quiz from yesterday then have a go at it before you read the
answers. I hope this helps you develop an understanding of Modern
Monetary Theory (MMT) and its application to macroeconomic
thinking. Comments as usual welcome, especially if I have made an
A national government can run a balanced fiscal position (taxes equal spending) over the economic cycle (peak to peak) as long as it accepts that, after all the spending adjustments are exhausted, their strategy will ensure that households and firms overall spend more than they earn that is, run down previous savings or accumulate more net debt.
The answer is False.
Note that this question begs the question as to how the economy might get into this situation that I have described using the sectoral balances framework. But whatever behavioural forces were at play, the sectoral balances all have to sum to zero. Once you understand that, then deduction leads to the correct answer.
The trick in the question is that it invites a confusion between the factual (accounting) statement a government deficit (surplus) equals $-for-$ a non-government surplus (deficit) and the proposition put.
The households and firms overall do not exhaust the non-government sector. So what happens when the governments runs a balanced fiscal position to the private domestic sector balance (the households and firms) depends crucially on what happens to the external sector.
To refresh your memory the balances are derived as follows. The basic income-expenditure model in macroeconomics can be viewed in (at least) two ways: (a) from the perspective of the sources of spending; and (b) from the perspective of the uses of the income produced. Bringing these two perspectives (of the same thing) together generates the sectoral balances.
From the sources perspective we write:
(1) GDP = C + I + G + (X M)
which says that total national income (GDP) is the sum of total final consumption spending (C), total private investment (I), total government spending (G) and net exports (X M).
Expression (1) tells us that total income in the economy per period will be exactly equal to total spending from all sources of expenditure.
We also have to acknowledge that financial balances of the sectors are impacted by net government taxes (T) which includes all tax revenue minus total transfer and interest p...
Guided Meditation Music Hawk Visions MP3 free download, spiritual meditation experiencing visions of the land with the hawk. with psychic medium Ian Scott.
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Take a journey with the animal spirit hawk as he guides you through worlds you have not yet seen. Eventually taking you to his home, where a deep feeling of bliss and safety overcome you. Ambient sounds and special effects make this meditation music track a delight for ears, a soothing experience for the body and a relaxing journey for the mind. Opening the third eye encouraging intuition, psychic energy and the gift of creativity. psychic medium Ian Scott.
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Severe Tropical Cyclone "Owen" is currently a Category 3 strength system in the Gulf of Carpentaria, Australia. Owen is forecast to continue on a generally easterly track for the remainder of today, intensifying to Category 4 strength before making...... Read more
The moisture from Tropical Cyclone "Owen" is feeding the low-pressure system over Victoria this week, bringing record-breaking rains and floods to the region. The worst affected were northeast and northwest regions of Victoria, around Birchip, and east of...... Read more
Saturday 15 December 2018
Adanis claims that W&J have certified Woongal are false, disrespectful and underhanded, say Traditional Owners
Adanis announcement that Woongal Environmental Services has been given a contract to monitor environmental outcomes on Wangan and Jagalingou country has drawn condemnation from the W&J Council as false, and typical of the disrespectful and underhanded way in which Adani treats Traditional Owners.
W&J Traditional Owner and lead spokesperson Adrian Burragubba said, The claim that Woongul is a Wangan and Jagalingou certified business is false. No decision of the native title party has ever been made to certify this company. This announcement is in breach of the terms of Adanis own purported ILUA.
A Wangan and Jagalingou certified business is a reference to a business accredited in accordance with the process set out in the Adani ILUA. Mr Burragubba says this process has never been followed.
We will seek legal advice on blocking this contract. We are tired of other people misrepresenting us and benefiting at our expense. Adanis announcement is an insult. Other people have been given authority over our country and our environment, while many W&J Traditonal Owners and families have been deliberately excluded from any input into cultural heritage protection and environmental management.
We know Adani must give the appearance of starting work, and they like to hide behind supposed Aboriginal employmen...
Want to solve climate problem? Nuclear isnt the answer https://www.downtoearth.org.in/blog/energy/want-to-solve-climate-problem-nuclear-isn-t-the-answer-62428
Alternatives to nuclear energy, in particular renewable sources of electricity like wind and solar energy, have become drastically cheaper. By M V Ramana December 2018 It is nuclear power that will be the main tool to reduce emissions...
 On 11.Apr.2016 Robert Kevin Smiler and his partner were drinking alcohol. At about 7:45 pm they caught a taxi to Malabar Lodge, which is a boarding house occupied by people of generally diminished circumstances. Smilers partner got out of the taxi and went up the stairs. Peter Doucas and Marie Griesebner were sitting at the top of the staircase.
 The subsequent assault upon Mr Aden was very serious in nature. Robert Smilers moral culpability for that conduct is high. As already described, Mr Aden came to the assistance of Mr Doucas who was being savagely beaten by Robert Smiler. Mr Aden acted lawfully in doing so. A person may come to the defence of another person and the defence will be lawful provided the response involves reasonable force. Robert Smilers attack upon Mr Aden was a sustained attack. It continued even after he became disarmed and fell to the ground. Robert Smiler kicked Mr Aden to the head and chest while wearing work boots. He then picked up a weapon and struck Mr Aden to the head with it two or three times.
 Robert Kevin Smiler has a lengthy criminal history. He has one prior conviction for aggravated assault in the Northern Territory and twelve prior convictions for assault in Queensland. Many of those were minor assaults, but two were quite serious. In 2004, he hit an older woman with a large stick and broke her arm. In 2009, he hit his then partner in the head, face and body with a tree branch giving her numerous cuts and bruises and concussion. Both of those offences were the product of rage precipitated and exacerbated by the consumption of alcohol.
 There is very little by way of mitigation. Robert Kevin Smiler did not plead guilty but went to trial. He is not entitled to the usual discount for a plea of guilty, and as a result of his criminal history he has lost the right to any significant leniency. He is not remorseful and his prospects of rehabilitation are very largely dependent on successfully undertaking an appropriate alcohol rehabilitation program and a violent offender treatment program. He has previously participated in an alcohol rehabilitation program, but the offending with which this appeal is concerned is a tragic demonstration of his lack of success in that program.
Search CrimeView For Robert.Kevin.Smiler
The recent Financial Times report Development bank halts coal financing to combat climate change, reprinted in this mornings AFR, should prompt some serious long-term thinking from the Queensland government and local governments with regional economies heavily dependent on coal mining, particularly Mackays (also see this Reuters report which isnt pay-walled). While two-thirds of coal production in Queensland is of coking coal (see chart below), there is no doubt there would be a large adverse shock to regional economies if there was a big shift worldwide away from thermal coal for energy generation.*
The FT report reminded me of the potentially major implications the worldwide shift against coal and related developments in solar PV and batter...
Crazz Files Note: First of all, this asshole is not Tasmanian, he is Sudanese & should never have been allowed into Australia in the first place. Read More
Over the last couple of days, Touchdown Helicopters
(Wollongong) OAS Parts (Bell) UH-1H Iroquois VH-OXE as "Helitack
223" has been noted returning to Rockhampton Airport following its
deployment to the Mackay region to assist with the bushfire
fighting efforts in the region.
VH-OXE was noted flying into Rockhampton Airport from the North on Thursday 6 December before departing Rocky for the South-East on Friday 7 December. It must've had some sort of problem as it returned to Rockhampton Airport and was photographed below by local photographer Russell P completing an exercise on filling and emptying its attached 'bambi-bucket'.
Dont forget your jacket! (Old mate falls victim to the notorious Dudley Street underpass and Melbournes torrential downpour)... also dont drive through floodwater! @9NewsMelb @9NewsAUS #melbweather #vicfloods pic.twitter.com/hLGbTlgttq Tom Kelly (@tpwkelly) December 14, 2018 Degraves Street Subway or set of Titanic? (This vid sent to @9NewsMelb) @9NewsAUS #melbweather #vicfloods...
At least one bird seen and heard 9th and 10th December. Sighting coincided with mass flowering of Moreton Bay ash in area. This is a northern distribution record. First bird/s recorded at this site.
Strategic Retreat, 12-14 December 2018
The National Committee of the Australian Food Sovereignty Alliance (AFSA) met for its sixth strategic planning retreat on the traditional lands of the Dja Dja Wurrung people, paying our respect to elders past and present.
We recognise the Original Owners and their role in caring for this land for over 60,000 years, their long history of growing food in ethical and ecologically-sound ways, and their careful maintenance of biodiversity before and since Invasion.
We acknowledge the ecological devastation caused by industrial agriculture since European invasion, and commit to ongoing conversations with communities of Indigenous Peoples. We again commit to supporting our members to seek stronger ties to Indigenous communities and work towards a day where everything we do is in connection and mutual accountability with community.
During our meeting, the Committee was delighted to have the support of the legendary Costa Georgiadis of ABC Gardening Australia fame. Members of our team joined Costa on a livestream to discuss AFSAs crowdfunding campaign to publish Farming Democracy, eight stories of small-scale agroecological farmers of how they grow, process, and distribute their produce, including what it costs them and what they ultimately live on in an effort to bring radical transparency to the food system. We are even more delighted to have reached our target this morning, and look forward immensely to printing the book and launching it at AFSAs inaugural Farm Day Out at Jonai Farms on 17 March 2019!
We have developed a plan to continue collecting the stories of the growing number of farmers producing and distributing food in ethical and ecologically-sound ways and publishing them on the AFSA website to show what is not only possible, but happening across Australia and the world.
We are grateful to the Victorian Government for its dedication to working with small-scale agroecological farmers to reform the planning provisions over these past three years in close collaboration with AFSA and our allies. The reforms better reflect the low-risk nature of these farming systems, and we look forward to working further with other states undertaking reform, in particular New South Wales, which is already in progress.
Were also working to refute claims that those of us opposed to intensive livestock agriculture are anti-science and the spurious claims that we can only feed the world with large-scale intensive agriculture systems, and to build an evidence base that i...
https://ScientistsWarning.TV Kevin and Hugh are back with us this year discussing the new climate glitterati that come annually to Davos to feign concern about the climate while they discuss techno-fixes that might allow the (in their minds at least) to continue their excessive lifestyle that is heading us directly for runaway climate change and collapse.
Queensland police have laid nine criminal charges against an officer who leaked the personal details of a domestic violence victim.Senior Constable Neil Punchard was investigated and disciplined internally in 2016 for accessing the womans address from a police database and sending it to her violent former husband.
The 9th solar power bulk-buy block is currently open for residents, farms and businesses throughout the New England North West region. As at the time of writing, deposits for just over half of the block have been taken. Now is your last chance to purchase and install solar power before the renewable energy credits reduce again on 1 [...] full article
In 2013, a group of consultants made several recommendations to Government about how to deal with the arsenic contaminated tailings from a processing facility at Urunga. One option presented was to truck 30,000M3 for storing and possibly processing to Hillgrove, on top of the escarpment in the upper Macleay catchment. Many people thought it was crazy [...] full article
EXCLUSIVE: Perhaps angling for a starring role as a stingy professor in a b-grade 1980's college flick, a Dean at a major Sydney university has this week sent a bizarre and pompous departing message to his highly trained staff ahead of the Christmas and New Year holidays, warning them to behave themselves amidst the dangers of unbridled "hedonism". Our publisher, Serkan Ozturk, reports. [READ MORE]
One might well ask, Why did the government bother? We know the answer. Not because there is any real threat to religious freedom in Australia, but because a few aggrieved conservative Coalition MPs, egged on by the News Corp Sky News echo chamber detested the prospect of marriage equality and wanted to return to the days of discrimination against LGBTI people.
The Ruddock report and the Governments reaction to it has opened a can of worms and opened Pandoras Box, and all sorts of nasties have come out. The reports recommendations (No 5 and 7) included permitting religious schools to discriminate against students, staff and contractors on the basis of sexual orientation, gender identity or relationship status, (provided the discrimination is founded on precepts of the religion and has been publicised).
The Government flicked that one to the Australian Law Reform Commission.
So we have not moved very far, except to implicitly accept that this discrimination can continue until the commission deals with it.
But some good may come of all this. The worms and contents of Pandoras Box are so bad that they will cause a reaction. Indeed they have already done so.
As this column suggested some weeks ago when some of the recommendations were leaked, this report could easily back-fire on the conservative promoters of precept that people could discriminate under the banner of religion in a way that would otherwise be unlawful.
Australias top legal professional body, the Law Council of Australia, came out very shortly after the release of the report saying that while it welcomed steps to enshrine religious protections, the delicate balance between freedom of religion and freedom from discrimination would be better dealt with in comprehensive national anti-discrimination legislat...
Contributed from Victoria
Venezuela has just had municipal elections and the result was a landslide victory for the United Socialist Party of Venezuela (PSUV). There were also important wins for candidates standing for grass roots (communal) organisations, some of which are critical of the PSUV. Together this accounted for about 75 percent of the vote and the taking of 90 percent of the contested positions.
The losers were the hard-line opposition. One reason is that they are very divided. Some of the parties boycotted and their core supporters didnt vote. This did affect the turnout. But other hard-line opposition parties did taker part. They failed to win support. The result was conclusive.
However, the supporters of the hardliners outside Venezuela, the Trump administration and the global media monopolies have chosen to remain silent. The result doesnt suit the narrative that the Maduro government is holding on through brute force, because it does not have the support of the Venezuelan people.
When there is a serious economic crisis, a high level of
sabotage and destabalisation carried out by those wanting regime
change, the outcome has been remarkable.
International observers on the ground praised he electoral process and ruled it to be fair. They also pointed out that the checking and rechecking of votes was transparent and thorough.
The result of the elections surprised the pundits.
Perhaps the oppositions having pushed the country into nine elections in three years and not respecting the process has something to do with it. Attempted intervention of the United States, its training of mercenaries in Columbia and elsewhere, an assassination attempt on President Maduro earlier this year and bankrolling of the opposition has outraged many and cant be discounted either.
There is a fear of the return of the old oligarchy of the past, which presided over extreme wealth and privilege for a very few and poverty for the rest of the nation.
Within the Bolivarian camp there is a debate over the pathto the future. A major criticism of the government is what is considered its top down style, rather than building a society government from the grass roots up. These critics call for a government that listens more.
Despite differences, the two wings are united in what they see is the need to stop the return of the foreign backed oligarchy.
It remains that a major part of the electorate did not take part. This is not unique to Venezuela, nor in Venezuela own history. Nor can it be said that all of those who did not vote are opponents of the government. The reasons for the failure to vote are complex.
Regardless of this, it its something the Boli...
The Age reports: Victorias anti-corruption commission has charged three people who worked for former Andrews government MP Khalil Eideh with fraud, perjury and conspiracy over their alleged role in a Labor branch-stacking scam. The charges relate to the alleged misuse of Mr Eidehs taxpayer-funded printing budget to pay for Labor...
I step away from the macroeconomic commentary for one minute and suddenly all the papers are stuck on the same subject. Interest rates.
The past week of financial commentary has been filled with guesstimates of what the Reserve Bank of Australia might do next.
Now, Ill admit, they arent the most interesting subject.
But there I was last week, poolside at a Bali resort, when I discovered it.
It didnt matter which site I flicked too.
They were all talking about the same thing.
It stumped me. Its not often that the financial rags are in sync like that.
Yet here they were, chewing over and over about what might happen.
Slow news day, maybe?
Or, more likely, it had finally dawned on them.
The Aussie economy is not okay.
Central bank out of touch with the market
So why all the fuss?
Gross domestic product data.
Yep. That precious number we get each quarter that tells us how well the Aussie economy is doing.
Or in this case, not doing.
You see, the September data drop showed that our GDP came in at 0.3% for the quarter. Which was half the expected 0.6%.
Taking our annual economic growth rate down to 2.8%.
It fell way short of market expectations.
And when I mean market expectations, I really mean that all the economists surveyed by Bloomberg tipped a median increase of 0.6% for the quarter.
However, the reason why the GDP was a hot topic is because it was a right punch, left hook market beat up.
You see, the June quarter data was 0.9%. So, not only was September one-third of that figure, but all the professional market forecasters got it wrong.
And the data was all the more topical because of what the Reserve Bank of Australia had said only 24 hours before the data was released.
In a crowded room, the RBA had confidently told the audience they expected our annual economic growth rate would remain at 3.5%.
Well, well, well.
First the economists, now the central bank.
Do you know what this reveals?
It tells us exactly how out of touch with reality the RBA is. And just how clueless the market experts really are.
The problem here is this tells us that industry professionals have completely misread the tone of the market.
That, perhaps, our own central banks statements of monetary policy each mon...
This May 2018 video says about itself:
According to Business Insider, who spoke with numerous Amazon warehouse employees, conditions for workers are so bad, they pee in bottles out of fear of getting their pay docked for taking a break. The Resident discusses.
By Oscar Grenfell in Australia:
Australian Amazon worker alleges unfair dismissal
13 December 2018
A worker who was employed by a labour hire firm at Amazons Sydney warehouse has launched legal action alleging that he was unfairly dismissed for joining a trade union and asking management for a greater number of hours per week.
According to an article in the Guardian on Tuesday, the worker, named only as Raj, has initiated a general protections case in the Fair Work Commission, the federal industrial tribunal, demanding reinstatement. An initial hearing, held on November 29, did not resolve the dispute, and the case is likely to come before a federal court next year.
The allegations shed further light on the draconian regime that prevails in warehouses operated by the global retail giant around the world. It follows dozens of reports of workplace injuries and unfair terminations, along with onerous working conditions and poverty-level wages.
Raj was reportedly the first employee at the Sydney warehouse to join the SDA [Shop, Distributive and Allied Employees Association]. Raj, and the union, claim that he was directed by management not to wear an SDA cap and lanyard during work hours....
Tony Rinaudo's regeneration technique, developed in west Africa 30 years ago, has helped bring back forest over 6m hectaresThrough the cacophony of the UN's global climate talks, an Australian farmer is quietly spreading his plan to reforest the world.Over more than 30 years in west Africa, Tony Rinaudo has regenerated more than 6m hectares an area nearly as large as Tasmania. His farmer-managed natural regeneration technique is responsible for 240m trees regrowing across that parched [...]
Its so nice reading an article that joins the dots. I get so sick of people concentrating on one issue or another, ignoring everything else troubling civilisation. From Consciousness of Sheep, who else.?
Britain has apparently been thrown into crisis overnight. Meanwhile across the channel, French president Macron is desperately trying to extinguish the flames of another weekend of mass protests that have now spread to Belgium and Holland. In Eastern Europe the hard-right are gaining support; even undermining the previously untouchable Angela Merkels power base in the former East Germany. Across the Atlantic meanwhile, the lines between deranged Democrats and MAGA nationalists are being drawn in readiness for Americas second civil war. We are surely living through the greatest crisis in modern history.
Well, yes indeed we are. But everything set out in the first paragraph is no more than the froth on the beer. These political spasms are merely the outward manifestation of a human catastrophe that has been decades in the making.
Two far greater symptoms of our predicament have gained at least some public traction this year. First was an all too visible plastic pollution crisis that is increasingly difficult to ignore now that China has ceased acting as the Wests rubbish dump. Second is the somewhat less visible insect apocalypse that has seen the near extinction of a raft of pollinating insect species; without which we humans are doomed to starvation. Interestingly, while these two symptoms are only tenuously related to climate change, they have tended to be included under that shorthand heading. Plastic certainly damages the environment, but its build up owes far more to the ongoing power of the petrochemicals industry and the myth of recyclingthan to changes in climate. The same goes for the insects. While there may have been some climactic impact on migrations and reproduction, the main cause is the vast quantities of chemical insecticides required by an industrialised agriculture tasked with feeding 7.5 billion humans on a planet that could barely feed one seventh of that without fossil fuels and agrochemicals.
In the affected areas, local populations have been stunned by a series of red tide events that result in the mass deaths of fish and other marine creatures. Climate change is indirectly involved in these events because of the increased rainfall from warmer storms. But once again it is our industrial agriculture that is the primary cause ...
Earlier today I spoke with Steve Austin on his 612 ABC Brisbane Drive program about the Queensland Governments Mid Year Fiscal and Economic Review and my recently published book Beautiful One Day, Broke the Next.
While the state government today reported a $677 million surge in royalty revenue this financial year owing to higher than expected coal prices, it still projected more-or-less the same trajectory of increasing state debt, which is on its way to over $83 billion in total by mid-2022. And the MYFER highlighted a substantial fiscal risk to future state budgets, the impending High Court decision in the Timber Creek case regarding native title compensation (see p. 16 of the MYFER).
You can listen to my views on MYFER as well as my responses to Steves questions regarding my new book from 2:02:10, but please note this audio will be taken down from the ABC site after its been up for a week:
Topics discussed included Sir Leo Hielschers fine fiscal legacy, how Queenslands fiscal situation deteriorated after Terry Mackenroth left the Treasury portfolio in the mid-2000s, how Queensland lost its once much vaunted position as the low tax state, and why we shouldnt be complacent about the debt. We discussed the fiscal trouble Queensland found itself in during the last financial crisis and how it would be a good insurance policy to pay down debt in case we face another one, with Steve noting predictions of a global recession and possible financial crisis in 2020.
This was the second ABC radio interview on the book I had this week. On Tuesday, I was lucky enough to speak with Pat Hession at ABC North Queensland, who broadcasts from the ABCs well-positioned site on Wickham St, Townsville, just a short walk from both Flinders St and the Strand:
See : 2018 Victorian state election : far right (and left) candidates (November 10, 2018). As the results have now been finalised (see : ABC | VEC), I thought Id take a look and see how the (far) left and Continue reading
The other day I submitted an article analysing 2018 YTD costs for wholesale electricity in the 5 states that make up the national electricity market. It did not fly but my interest was aroused again today when an article in the state of darkness daily rag talked about the big battery helping to drive down costs.
Using the data from the YTD analysis and adding December 2017 I have looked at the summer costs, (December 2017 + January 2018 + February 2018) for QLD, NSW, VIC, TAS and SA to see what the differences are. These are wholesale prices before the transmission people and the retailing parasites add their margins and presumably before the RET subsidies are distributed. Remember also, it is supposed to be a national market.
For each state I found the percentage of time that price/MWh was above $150, the actual cost of the electricity consumed in these periods and the percentage of the total summer cost that it represented. The editor cannot reproduce the table or the chart and it may have to await the return of Sinc to see the results most clearly. They can be summarised as follows.
Victoria and South Australia were outstanding in the amount of time when the price was more than $150 per MWh and the amount of the total bill for the summer period that was racked up on those high cost days. The amount of time in the high cost zone ranged from 0.4% for NSW, 0.7% for Qld, 2.1% for Tasmania, 2.4% for Victoria and 4.9% for SA. The highest cost for the period showed a huge range from $280/MWh in NSW through 2,500 in Qld, 4,200 in Tasmania, to 12,900 in Victoria and the gold medal at 14,16676.50 in SA.
Another way to report the difference between the states is to count the % of the total summertime costs that were incurred during those short periods when the price was above 150.MWh.
The folk in NSW have it easy. They had 4.97% of the time with prices above $150/MWh and the total percentage of the summer bill was just 1.47.
SA and VIC, the renewables states were not so fortunate. For the 2.43% of time in VIC the percentage of the summer bill was 32.96. In SA, the state of darkness and rank stupidity it was 45.39% of the total summer bill for 4.9% of the time.
A chart that cannot be reproduced here shows the gigantic spikes in SA and Victoria on Jan 18 and 19 when consumers were flogged with when prices up $14,000+ per MWh as the system was about to fall over. TAS managed to get free power when SA and VIC were paying through the nose.
As I said, this is supposed to be a national market. Clearly it is a very distorted one where consumers are treated differently in different states. When electricity was generated in large thermal power stations the cost did not vary from minute to....
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