Amber Electric
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Price Spikes almost every day during winter in VIC
Price Spikes are not rare at all, in fact during May/June they happened almost every day and much longer than the predictions suggested, meaning any savings you made by offsetting when you used power hungry appliances where lost. At one point it was impossible to use the electric stove during dinner times as the wholesale price was nearly always up in the 40-60c price range (and thats not even a spike, which is when they hit the $10-15 mark) So for anyone with any kind of life that uses electrical applicances its just not practical. If it was a rare occurance it would be ok, but its happened now on an almost daily basis for two months. It also seems to be much much worse during winter here in Victoria, in fact today, the price hasnt dropped below 32c. If we ever get a decent federal government that isnt so hell bent on coal and invests money into the grid it may get better, but I feel that this rate it will become more economical for households to run their own deisel generators than use the grid at peek