From around 6.50 comes Roy Morgan Energy sector smash:
Gas cartelier Origin Energy is one of the least trusted brands in the country.
For good reason.
Origin is a founding member of the gas export cartel that has invested heavily into ensuring that it can monopolise energy prices via an artificially tight gas market.
Owing to excessive export volumes, local gas prices are still 400% higher than historical averages as they hug Albo’s catastrophic $12Gj price floor:
This pours directly into electricity prices because gas-fired power sets the marginal price:
Seasonally adjusted, we have never seen these power prices outside of wartime.
Origin also owns the Eraring coal-fired power station, which is now sucking cash out of NSW taxpayers to stay open because there is not enough gas to transition to lower-carbon energy output.
Moreover, Origin Energy sponsors the Grattan Institute, a supposedly independent energy advisory that has done everything in its power to ensure Origin profits remain Himalayan.
First, by arguing there is no need for east coast gas reservation to ensure adequate local supplies versus exports.
Second, by creating the great distraction of households getting off gas appliances while Origin pollutes like a trooper:
It’s time everybody stopped publishing Grattan Institute/Origin propaganda.
It is killing the country.
