Electricity prices spike as temperatures soar. Climate change and LNG exports increase energy costs. https://t.co/YgIU7fMKxm @JoshFrydenberg— Askgerbil Now (@Askgerbil) February 8, 2017
Australian thermal #coal sold in 2015-16 for just $2.69 per GJ.— Askgerbil Now (@Askgerbil) February 4, 2017
The LNG export price fell from $13.20 per GJ in 2014-15 to $8.60 in 2015-16
The Australian Government's LNG export policy - with no reservation for industry and residential consumers - has resulted in a 250 percent increase in the cost of natural gas since 2014. The resulting $8.60 per gigajoule price for natural gas makes efficient, low emission combined cycle gas turbine (CCGT) power stations like that at Pelican Point, South Australia, quite costly to run compared to a high emission low efficiency (HELE) coal-fired power station.
The raucous noise over renewable energy in South Australia and the upsurge in government members spruiking high emission low efficiency (HELE) coal-fired power stations is most likely a deliberate distraction from this fiasco that is the government's "sell-it-all" LNG export policy.