Part 4/9:
Canavan highlighted troubling statistics from the Australian Bureau of Statistics (ABS), revealing that electricity prices in Australia have more than tripled since the country mandated increased renewable energy generation. He pointed out that coal remains the cheapest energy source and could continue to be a vital part of Australia’s energy infrastructure if supported.
The pattern, according to Canavan, suggests that the push toward renewables—while environmentally motivated—has driven up costs substantially. The impact on consumers is undeniable: they’re footing larger bills at a time when the affordability of energy remains a critical concern.