Part 3/10:
However, Canavan exposed the flaws in Bowen’s approach. The key issue lies in the distinction between wholesale and retail prices: wholesale figures do not include additional costs like transmission, distribution, and retail margins that consumers actually pay. Moreover, Bowen’s presentation relied heavily on instantaneous daily prices, which are highly volatile and can be misleading. While wholesale prices may fluctuate daily, overall energy costs for households have not decreased proportionally.