Frank wrote on Dec 3
rd, 2024 at 10:05am:
Brian Ross wrote on Dec 1
st, 2024 at 10:54pm:
Yawn at this, cockwomble:
Record number of Australians struggling to pay electricity bills
A record number of people are struggling to pay their energy bills, the Australian Energy Regulator has said in a report that highlights the toll of Australia’s cost of living crisis that is sapping support for the federal Labor government.
The AER said more than 130,000 households are on payment plans now, up from 95,634 last year.
The regulator also said those entering so-called hardship payment plans – offered by retailers to those unable to keep up on bills, are doing so with higher levels of debt. The AER said the debt for people on payment plans is $1476.
Chris Bowels is following Germany:
“Increasingly more expensive energy in Europe due to exorbitant climate and environmental ambitions may also mean greater dependence in Russian energy sources,” Tusk said. “Hence, I will talk (to Merkel) primarily about how Germany is able to correct some economic actions so that dependence on Russian gas doesn’t paralyse Europe when it needs … a decisive stance.”
Merkel ignored this and other warnings. No one was more strident in his opposition than once and future president Donald Trump. In 2018 he told the NATO summit in Brussels that Germany had become a captive to Moscow “because it’s getting so much of its energy from Russia”.
Four months before the war was rebooted, Merkel signed off on a top-secret security assessment on a second gas pipeline from Russia, the Nord Stream 2, which concluded that “granting of certification (for the pipeline) does not jeopardise the security of gas supply in Germany and the European Union”.
Merkel believed the pipeline made Russia’s Vladimir Putin beholden to Germany. Turns out he knew her way better than she knew him. Here’s a thought to ponder: would Putin have invaded Ukraine if he did not believe Europe’s gas dependency was an achilles heel?
Patrick Wintour wrote in The Guardian that in the first two months of the Ukraine war Germany paid “€8.3bn for Russian energy – money used by Moscow to prop up the rouble and buy the artillery shells firing at Ukrainian positions in Donetsk”. Historian Timothy Snyder took to Twitter to note: “For 30 years, Germans lectured Ukrainians about fascism. When fascism actually arrived, Germans funded it, and Ukrainians died fighting it.”
Merkel’s misjudgment of Putin explains her woeful commitment to defence. Here she wagered that the US would do the heavy lifting in NATO. Despite repeated calls for Germany to do more, defence spending stayed at a paltry 1.3 per cent of GDP. Now, on a book tour, Merkel has conceded she “should have reacted more quickly to Russia’s aggressiveness”.
Get energy policy wrong and the economy will soon follow. Germany is now de-industrialising.
https://www.theaustralian.com.au/commentary/the-german-chancellors-nightmare-rev...