Australia is blessed with abundant energy resources. Coal, natural gas, uranium and even quite a bit of oil can be found on our continent. But did you know that you pay for the most expensive electricity in the world?
Sure enough, our state governments found a way to mismanage our abundant resources and electricity industry so badly that we turned an advantageous position into a disadvantageous one.
You’ve probably heard about the coming gas shortage in Australia. And the changes to renewable energy incentives, like solar panel rebates. Here’s the thing. When it comes to your power bill, things are about to get a whole lot worse. And it has the potential to wreak havoc on your cost of living in retirement, and on Australia’s entire economy.
But there’s some good news too.
There is a surprisingly easy, simple and cheap to implement solution to deal with the coming shocks to the electricity system. One that could see you escape the surging costs of power altogether. You’d be completely independent.
I want you to realise just how important this is. And not just to your retirement and cost of living.
As you’ve probably noticed, Australia’s electricity infrastructure is failing to deliver electricity at a reasonable price. What you might not realise is how disastrous this will prove to be for the country. To get an idea of where we are heading, take a look at Europe.
‘We face a systemic industrial massacre,‘ Antonio Tajani, the European industry commissioner, told The Daily Telegraph at a recent meeting of policy makers from around the world in Lake Como. ‘The loss of competitiveness is frightening. When people choose whether to invest in Europe or the US, what they think about most is the cost of energy’ explained Paulo Savona, head of Italy’s deposit insurance fund.
European President Herman Van Rompuy connected the dots: ‘Compared to US competitors, European industry pays today twice as much for electricity, and four times as much for gas.‘ With Europe going on a very expensive green energy crusade to save the world from global warming while America’s scientists point to the 60% growth in polar ice caps as a sign of global cooling, Europe’s industry looks doomed. Power will simply be too expensive.
But what do European electricity prices have to do with you? Well, if Europe faces an industrial massacre from high power costs, Australia faces an industrial Armageddon. And it has nothing to do with green energy, the carbon tax or environmentalism.
These charts from CME, ad energy consultancy, show Australia’s power prices are already outrageous:
And they’re projected to surge even more:
Four of Australia’s states are in the top 6 when it comes to the cost of electricity around the world. But all this is just the beginning. It’s the appetiser you’ve already had to swallow when you looked at your power bills as they surged – up 70% in four years according to government figures.
If you want your retirement to be robust against these changes, you need a way to opt out. Politicians have been promising you so called ‘Direct Action’ on climate change. The last person I would rely on for any kind of direct action is a politician. And the first person is you. So that’s what I’m proposing today – for you to take direct action on power prices before they rise. And, with the help that Australian power companies fear most, I’m can show you how.
But is going off the grid really plausible? Yes, it is. And you’re going to discover exactly how to
do it.
I asked my friend Len McKelvey to tell the story of how he went off the grid. He even managed to turn a $10,000 utility fee into a $10,000 cheque from the same utility company. Now Len’s case was unique. But as you’ll see you can go off the grid in an affordable way today, even before electricity costs surge even further.
Len is Australia’s leading guru when it comes to power. He’s the go to man for some of
Australia’s biggest power users, and utility companies despise him. Recently, he saved a Gold Coast theme park so much money on their power bills that the utility company sent out 4 engineers to check their equipment. They even asked the park engineer whether he had ‘turned the power off’. In other words, he’s just the man to explain what’s going on, and what you should do
about it.
But rather than writing about what’s in store for your power bill, and how to give your utility
company a rude shock before they give you one, I decided to record an interview with Len in person. I wanted his passion and experience to get through to you first hand. As you’ll see, he’s quite a character. You can access the interview by clicking here.
Nick Hubble+
Editor, The Money for Life Letter
