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Comment Re: Dear Amazon, (Score 1) 167

I wouldn't say sewn up... rather just the last to die a slow death... They're looking good now as DSE and smaller players have died out. But they still have Harvey Norman to compete with. If they think they're going to be somehow exempt from the market pressures that killed off the rest, they're truly delusional. Maybe they realise that, as they they've expanded their range to cover whitegood and other home appliances.

Comment Exploit overstated. APRC? (Score 1) 75

PAC Javascript isn't evaluated every time. IE uses APRC to cache results per host (not URL), so this significantly diminishes the capabilities of this exploit. To make this exploit work to the degree claimed, requires APRC to be disabled, which I suspect might have been done here.

You can disable this via the registry DWORD (0) at HKEY_CURRENT_USER\Software\Policies\Microsoft\Windows\CurrentVersion\Internet Settings\EnableAutoproxyResultCache.

Comment Over simplification. Multiple factors. (Score 5, Informative) 269

Transmission and generation was privatised in South Australia in the 90's.

The conservative government of the time provided the transmission lessee a 99 year lease with a guaranteed return. Failures in the agreement have permitted the lessee to "gold plate the network" to their advantage/profit as the cost is recovered from consumers.

Electricity have since steadily increased to a level 2-3 times, where it's often cited as the most expensive in the world. Going off grid might work short term, but as that gains popularity, the burden of the transmission lease on the remaining few, will force the government to charge every property a supply charge.

The subsequent price increases, combined with the (national) RET scheme, have driven a massive adoption of solar in SA. The RET also fueled a massive increase in wind farm investment, but it's important to understand that scheme is a national scheme.

The third factor is the main interconnector to Victoria is being upgraded and presumably offline or running at reduced capacity.

The four factor is the recent shut down of the pt Augusta Coal plant that one served the majority of state. It was switched off last month.

Fifth factor is recent cold weather has increased demand.

It's important to appreciate the it's a combination of all these factors that have put the state in this predicament. Not just an abundance of renewable electricity.

Why it's only now made the news is because industry and retailers that normally get it wholesale for $50/MWh and lockin consumers at 30-40c at KWh [600-800% markup] are now losing money as these spikes get bigger and more common.

As the current treasurer pointed out, the markets are failing as there is no incentive to put on more transmission capacity and that has largely protected the remaining duopoly baseload generators who are cashing in.

SA just needs transmission capacity. Either interstate or to the northern geothermal sites.

Comment Re:Not a surprise... (Score 1) 269

In SA they're 35-40c allowing for the exchange rate. The bulk of that is transmission costs, which is the result of privatisation in the 90's. Subsequent gold plating of the network was blamed, but that hasn't prevented the numerous blackouts due to weather etc over the last few weeks.

Comment Re:Pound is in the toliet (Score 1) 1592

If it was 1960. UK manufacturing is a faction of what it was. Post WWII the Brits exported huge volumes to commonwealth countries and they also controlled large stakes in foreign industries. Here in Australia the Brits owned all the stevedores, and big chunk of manufacturing. They had it all locked up. Between entering the EU and losing control of the Australian dollar, the Brit's cashed out to the US and Asia, but they never replaced that manufacturing capacity at home or abroad. Brexit will solve the immigrant problem, but the cost will be very dear for an economy of services, rent seekers and consumers.

Comment Re:If they pay the license fee (Score 1) 230

Except this is the commonwealth government which has the power of compulsory acquisition. This is normally enacted by the federal government, but state enact it also. Allows the government to acquire property (not just land, but whole banks) for the government's needs on just terms (market value). In this case it would be very little.

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