Australian Business Despairs: Renewables Obsessed Energy Minister Throws Economy to the Wolves

Australia’s Energy Minister, Josh Frydenberg’s obsession with wind and solar is literally crippling his country: rocketing power prices have left tens of thousands of families powerless; and energy hungry businesses are gobsmacked at his every gormless utterance.

Threatened by the Monash Forum (a group of 30 or so Liberal and National MPs), Frydenberg has taken to threatening them with de-selection if they persist in our efforts to restore reliable and affordable power, to all Australians. STT hears that, if he keeps it up, there’s likely to be a revolt within the Liberal party, with Monash Forum members more interested in saving the country, than winning favour with Turnbull and Frydenberg.

Frydenberg’s other clear and present danger is Australia’s most popular broadcaster, Alan Jones, who gave Frydenberg another flogging last week. This is 2GB’s summary of the stoush, transcript of the interview follows below.

Jones vs Frydenberg: ‘You’re as green as the Labor Party and the Greens!’
2GB
Alan Jones
17 May 2018

Energy Minister Josh Frydenberg and Alan Jones have gone head to head once again, in what’s turning into a 12-round championship bout.

The Minister claims the government is “turning a corner” on power prices by clamping down on companies who are ripping off consumers.

“Over the last seven weeks, the wholesale cost of power had come down 34% compared to the same time last year.

“We’ve seen a number of the networks, which is the poles and wires companies, reduce their costs even though they make up 50% of the power bill.

“We are doing everything possible to reduce power prices.”

But Alan highlights a key area the government should be targeting.

“If you didn’t pay subsidies to solar and wind power, they wouldn’t exist. You are propping up commercial failures,” Alan says.

Minister Frydneberg disagrees.

“The reality, whether you like it or not Alan, is that renewables have come down significantly in price.”

Alan, “If that’s the case, then why are you subsidising them?

“You are wedded to renewable energy, you are wedded to green energy. You’re as green as the Labor Party and the Greens.”
2GB

 

 

Transcript

Alan Jones: Josh Frydenberg, the energy minister, is on the line. Minister, good morning.

Josh Frydenberg: Nice to be with you, Alan.

Alan Jones: Thank you for your time. I want to talk to you in a moment about the Snowy scheme, which I think is as big a white elephant as the South Australian submarines and the NBN, but what do you say to the fact that planned coal-fired capacity additions from a number of countries in and around the Middle East will add 41 gigawatts, that’s approximately double our existing capacity, 41 gigawatts of new electricity generation capacity over the next decade?

To put that 41 gigawatts in context for our listeners, the Liddell Power Station is 1.8 gigawatts, the entire capacity of coal-fired power stations across Australia feeding the grid is 22 gigawatts. This is 41 gigawatts, and they plan to add another three which are currently under construction. We’ll talking about Turkey, Israel, Pakistan, Egypt and so on.

Can I just ask you this, aren’t we lucky that these stations are all so dumb, they don’t have our superior knowledge that we possess, where we know that it’s cheaper to generate base load electricity by importing Chinese solar panels and wind turbines? With wind turbines and solar panels people, they must be stupid, are they?

Josh Frydenberg: Well, certainly around the world you’re seeing a whole range of new investments in generation, including coal as you say, also gas as well as renewables, but when you talk about the countries in which make the various solar panels or wind turbines, you only have to look at a coal-fired power plant, Alan, and the boilers, the coolers, the turbines themselves, they’re made by Japanese companies. Mitsui, Mitsubishi, GE.

Alan Jones: It doesn’t matter who makes them, you’re subsidising them.

Josh Frydenberg: The reality is-,

Alan Jones: But you’re subsidising them. Angela Merkel stopped the subsidies, where are the solar farms and the wind farms now in Germany? She stopped the subsidies.

Josh Frydenberg: As you know, the renewable energy target was put in place, it started under John Howard’s government, it was increased by Labor, it was-,

Alan Jones: Well, he was panicked. He was panicked by Kevin Rudd.

Josh Frydenberg: Whatever the history of the past, we have that scheme, investments have been made.

Alan Jones: So we perpetuate stupidity, do we?

Josh Frydenberg: No, we don’t. We’re not going to continue with the subsidy mentality, that’s why the national-,

Alan Jones: But hang on, you’ve also said those who enjoy subsidies will continue to enjoy them until 2030. So the bloke listening to me now, and yesterday, noting that the wage growth was 0.5 of a percent for the March quarter, 0.5, sees his electricity bill going up because you’re paying billions of dollars and you will until 2030, billions of dollars to renewable energy. This can’t be justified.

Josh Frydenberg: Well, as you know with the national energy guarantee, we’ve ended-,

Alan Jones: No, I don’t know.

Josh Frydenberg:  …the subsidy mentality. Last week you quoted the Master Grocers Association and the high costs that they were paying for their power, well they have welcomed the national energy guarantee in their word, because it brings a cheaper and more reliable electricity,

Alan Jones: How many people listening to me are getting cheaper and reliable electricity?

Josh Frydenberg:  Over the last seven weeks, the wholesale cost of power has come down 34% compared to the same time last year. We’ve seen a number of the networks, which is the poles and wire companies, reduce their costs even though they make up 50% of the power bill. You and I have talked about the success we’re having intervening into the gas market, where the ACCC have reported up to 50% ..

Alan Jones: I just don’t understand why a Liberal government, I honestly don’t, it’s got me, a Liberal government would be actually trying to pick winners, and you are committed to Paris, you’re committed to Finkel, and you’ve now got subsidies to renewable energies which make the coal-fired thing uncompetitive. In fact, Josh, you’re the energy minister, is this woman, Schott, under your ministry, the Energy Security Board, she’s the chairman, and she said, “You’re not going to coal-fired generators being built, because it’s more expensive than running a combination of renewables with storage.” That must come as a complete shock to the financiers of over a thousand coal-fired power stations around the world, and she says they’re far too expensive, and it’s cheaper to be solar and wind.

Have you called this woman in and said, “Where is the evidence for saying what you’re saying?”?

Josh Frydenberg:  Well, Alan, Kerry is a very distinguished figure in Australian business.

Alan Jones: I couldn’t care less. Have you called her in to ask her where the evidence is? Because there is none.

Josh Frydenberg:  We talk regularly, and she is leading the charge as the head of the Energy Security Board in putting together the national energy guarantee. She reports not to the Commonwealth Government-,

Alan Jones: Josh, I don’t care what she’s doing, I’m asking you a specific question. She said, “We’re unlikely to see a new,” these are her words, “coal-fired generator built, because it’s more expensive than running a combination of renewables with storage.” Now, that is plainly incorrect, and if it’s not, have you asked her to provide the evidence on which that comment was based?

Josh Frydenberg:  She is providing us with details about the changing costs in the energy market, but the reality, whether you like it or not, Alan, is that renewables have come down significantly in price, high efficiency-,

Alan Jones: Well, if that’s the case, sorry to interrupt you, if that’s the case why are you subsidising them?

Josh Frydenberg:  Well, that’s why we’re ending the subsidies.

Alan Jones: No, you’re not. The subsidies will continue, of existing projects, until 2030, and that will be expressed in electricity bills that people are going to get between now and 2030. 100,000 people last year, Josh, had their power turned off. Now, would you like to go to your little kids in your home, and your wife, and the electricity is gone? There’s no fridge, there’s no TV, there’s no microwave, they can’t do their homework. 100,000 last year. What are you saying to them?

Josh Frydenberg: Power prices are too high, but we are turning the corner now.

Alan Jones: Well, what do you say to the 100,000?

Josh Frydenberg: I’m saying that we are doing everything possible to reduce power prices, whether it’s intervening in the gas market, whether it’s driving more better deals for consumers through arrangements with the retailers, introducing new rules to penalise those retailers who-,

Alan Jones: Josh, I’ll tell you, the people listening out there are saying if you didn’t pay subsidies to solar and wind power, they wouldn’t exist. You are propping up commercial failures, and Merkel has proved that in Germany, and now they’re going ahead with coal-fired generation because it’s the only economic viable proposition. Can I come to Snowy 2.0?

Josh Frydenberg: Please.

Alan Jones: Alright. Do you know what price they’ll be selling electricity into the grid to be viable? Because that’s a vital piece of information everyone would need in order to assess the viability of the project, and whether 13 billion dollars, that’s 4.5 for construction, 2 billion for transmission lines, 6.5 billion to buy out the states. 13 billion. We’re broke, whether that’s a good investment. That money, by the way, could buy five state of the art coal-fired power stations, but someone told me, and I think was Mathias Cormann, that the levelized cost of energy from the Snowy would be $25 per megawatt hour. Can you confirm that?

Josh Frydenberg: The levelized cost of storage is $25 to $35 a megawatt hour. This compares to batteries, which are $195 to $250 a megawatt hour. The Snowy 2.0 scheme will drive down volatility, it will drive down prices, and importantly, provide the security and the stability services our system needs, and it will last 100 years, Alan.

Alan Jones: Josh-,

Josh Frydenberg: If you put batteries in, it will last 10 years.

Alan Jones: Josh, it’s absolute rubbish. I’ll come to that in a minute. Are you aware-,

Josh Frydenberg:  Let’s talk about it.

Alan Jones: Are you aware – I’ll come to that in a minute – are you aware that Kristina Keneally asked that Whitby, in the Senate, from the Snowy 2.0, would it be viable if coal-fired power stations were built? Simple question Keneally asked, Whitby’s answer was about four words, or three words; “Put simply, No.” She said, “Would it be viable if we build coal-fired power stations.” He said, “Put simply, no.” Now, are you trying to tell me that the cost of energy from Snowy will be $25 per megawatt hour? Because let me just tell you, $25 per megawatt hour, how do you pay the capital costs, the charging costs, the operational costs, and the maintenance costs at $25 an hour? You can’t.

Josh Frydenberg:  I read Roger Whitby’s evidence, and he said that the project was technically feasible and it had a strong business case, and importantly he also said it would reduce the stress on the coal-fired power stations given we’re moving into a system where there’s going to be more intermittent sources of power, wind and solar. Let’s not be nostalgic here, Alan. Let’s not think-,

Alan Jones: I’m not nostalgic, I’m mathematic. Josh, I actually read, do you know that? I do some homework, do you understand?

Josh Frydenberg: That makes two of us.

Alan Jones: I’m not being nostalgic, Josh.

Josh Frydenberg:  That makes two of us, Alan.

Alan Jones: Yeah, I hope so. I don’t know what you’re reading, because none of what you’re saying would be judgemental or questionable if you were prepared to release the business case and the modelling. You aren’t prepared to release it, why?

Josh Frydenberg:  Hang on, Alan. We’ve released 541 pages of the feasibility study. Out of the 17 chapters, three were redacted because they had commercial in confidence information, how much you borrowed, different products, the pricing strategy. It’s like asking Coca-Cola to release their recipe, you just don’t do it.

Alan Jones: Let me just tell my listeners what the minister is saying. He says, “Oh, we’ve got a feasibility study, but we haven’t released the chapter 3 on the commercial viability of it. We haven’t released chapter 4, on the business case and modelling.” You see, I read, Josh. “And we haven’t released chapter 14 on the cost estimates.” They’re all missing, so amongst all those chapters would be an estimate of what Snowy 2.0 would need to sell electricity for.

Josh Frydenberg: Actually, Snowy has just released a summary of the information contained in those chapters, including the rate of return for the various capital expenditures, the pricing for their storage contracts, and the various products they are going to sell.

Alan Jones: Why can’t we be trusted with the commercial chapter, the business case and modelling chapter, and the cost estimates chapter? Why can’t we be trusted with that information?

Josh Frydenberg: The reality is, Alan-,

Alan Jones:  It’s all commercial in confidence.

Josh Frydenberg: Those three chapters were redacted because Snowy operates in a commercial environment.

Alan Jones: Well, therefore we want to know whether it’s commercially viable, because let me just tell you, Lazards, and I’ll say to my listeners because you say, “Oh, you know, none of you people worry about this.” Lazards estimate that the capital cost for this kind of project would run between $87 and $130 a megawatt hour. That’s just the capital. The charging cost at $55 to $67 a megawatt hour, the operational costs at $10 to $15 an hour, taxes and other costs at $24 to $36 an hour. All up: 220 US Dollars a megawatt hour. Lazards.

Josh Frydenberg:  Alan, you think there’s this grand conspiracy, like the Cubans killed Kennedy.

Alan Jones: Yes.

Josh Frydenberg: It’s not. I can take you through-,

Alan Jones: You are wedded to renewable energy, you are wedded to green energy. You’re as green as the Labor Party and the Greens.

Josh Frydenberg: Well, let me tell you about your Lazard statement. Firstly, they never did detailed work on Snowy 2.0. Secondly, they were looking at the American context, where they were looking at an eight hour storage project-,

Alan Jones:  Lazards have done any amount of research on pumped storage, any amount of it. Let me just explain to my listeners who Lazards are, whom Josh is now trying to bury. They’re a financial advisory and asset management firm of international standing in investment banking, in asset management, in other financial services. They’ve been going since 1848, they’re in 43 cities across 27 countries, they’ve got offices in New York and Paris and London, and they are experts at costing pumped storage, which is what Snowy is about. All they can do is to say, “Well, we’ve got the capital costs.” If you’re going to retrieve the capital costs, they say that will cost you $87 to $130 a megawatt hour. You’ve got to charge it out, that’s $55 to $67 a megawatt hour. Operation and maintenance, that’s $10 to $15 an hour. Tax is $24. All up: $220.

If you’ve got figures to dispute that, please send them to me.

Josh Frydenberg: Alan, if we could only bottle your rage this morning, we’d have a new energy source. Look, let’s face it, when Lazard-,

Alan Jones: Rage?

Josh Frydenberg:  When Lazards put out this report-,

Alan Jones: Rage? Josh, you’ve just released a budget, you talk about rage, with a five point plan to the budget. One was a tax cut where some poor bugger was going to get $4 a week and another bloke’s going to get $10 a week, but the third component of it was essential services. Do you know what out there people listening to you are paying for electricity? Do you know what they’re paying for petrol? Do you know what they’re paying for private health insurance? Do you know what they’re paying in tolls? These are essential services, and it’s not rage, I read my correspondence and I know what people are paying.

Josh Frydenberg:   And I also read the 541 page feasibility study, the 158 pages of the business case, and let me just tell you this-,

Alan Jones:  Well, I’d like to too, but you won’t give it to anyone.

Josh Frydenberg:  Alan, that’s been released. Nearly 700 pages worth.

Alan Jones: Hang on, can we get the the commercial chapter, can we get the cost estimates chapter, can we get the business modelling chapter, and if not, why not?

Josh Frydenberg:  Alan, I’ll send you today a summary of those three redacted chapters, absolutely. Now, let me take you to your Lazard report. They didn’t do detailed modelling on Snowy, they looked at eight hour storage, not the 175 hours of storage under Snowy. They looked at building new reservoirs where Snowy 2.0 is using existing ones. You’re comparing an apple to an orange. The Lazard report is not relevant here to the cost of energy for Snowy.

Alan Jones: Alright, Josh, let me just tell you, we’re running out of time, let me just tell you what the poor bugger out there listening to you, the electricity consumer, he’s going to pay for the subsidies to wind and solar. Small scale rooftop schemes this year will add 1.2 billion dollars to electricity bills. Large scale schemes requiring electricity retailers to purchase 28.6 million certificates this year, the certificates are trading at around $85 each, that’s 2.4 billion. The combined subsidies for renewables, your government is giving it to them, 3.6 billion, which is going to be added to consumer bills, and that’s not going to make electricity dearer?

Josh Frydenberg: Well, let me tell you, we’re getting out of the subsidy business. I don’t like it, that’s why we’re going through with the national energy guarantee. But the key point here is you can’t be sentimental about the energy system, it’s changing before our very eyes.

Alan Jones: Okay, well I’m such a sentimentalist, Josh, and I’ve got to go because I’m so sentimental I’ve got to cut you off and go to the news. But nonetheless, look, it’s good to talk.

Josh Frydenberg: It’s always good to talk. Jaw-jaw is better than war-war, Alan.

Alan Jones: Jaw-jaw better than war-war. Well done. Josh Frydenberg.

2GB

Josh Frydenberg reckons that “We’re not going to continue with the subsidy mentality.”

Except that the Large-Scale Renewable Energy Target – that sits fairly and squarely within his portfolio – is set up as the largest single industry subsidy scheme, in the history of the Commonwealth, and it still has 12 years to run.

The wind and solar subsidy mentality hasn’t ended and it won’t end in 2020, either. Far from it.

The LRET target is set by s40 of the Renewable Energy (Electricity) Act 2000 (here).

Under the LRET the greatest single industry subsidy scheme of all time really only hits its straps in 2020, as the target reaches 33,000 GWh of mandated renewable energy – it runs at that rate until 2031:

 Year  Target in MWh (millions)  REC Subsidy @ $85  REC Subsidy @ $93
2018 28.637 $2,434,145,000 $2,663,241,000
2019 31.244 $2,655,740,000 $2,905,692,000
2020 33.85 $2,877,250,000 $3,148,050,000
2021 33 $2,805,000,000 $3,069,000,000
 2022 33 $2,805,000,000 $3,069,000,000
 2023 33  $2,805,000,000 $3,069,000,000
 2024 33 $2,805,000,000 $3,069,000,000
 2025 33 $2,805,000,000 $3,069,000,000
 2026 33 $2,805,000,000 $3,069,000,000
 2027 33 $2,805,000,000 $3,069,000,000
 2028 33 $2,805,000,000 $3,069,000,000
 2029 33 $2,805,000,000 $3,069,000,000
 2030 33 $2,805,000,000 $3,069,000,000
Total 423.731 $36,017,135,000 $39,406,983,000

 

At the present time, RECs are trading at $85 each: one is issued to a wind or large-scale solar generator for every MWh dispatched to the grid.

Retailers are forced to purchase RECs, with their alternative being a fine (referred to as the “the shortfall charge” – a ‘stealth tax’ on power consumers directed to general revenue) set at $65 for every MWh the retailer falls short of the annual LRET target. The fine is not tax-deductible (where the REC as an expense is), meaning that the true cost of the shortfall penalty is $93, assuming a corporate tax rate of 30%.

It’s that relationship that led to forecast prices for RECs of $93: it would make sense for retailers to pay that amount to avoid the shortfall penalty, which would effectively cost them the same figure.

In the table above, we’ve tallied up the cost of the REC subsidy using both the current $85 and predicted $93 figures. Each year, from 2020 until 2031, 33 million RECs must be issued and surrendered to avoid the fines under the LRET.

While Malcolm Turnbull spruiks his Snowy 2.0 pumped hydro white elephant, and his hapless sidekick, Josh Frydenberg promises Nirvana under his National Energy Guarantee, the cost of the LRET (in terms of REC subsidy alone) will push $40 billion between now and the end of the greatest scam in Commonwealth history.

With an Energy Minister still pushing wind and solar as if South Australia had never happened, is it any wonder that Australian businesses and households have lost all hope?

About stopthesethings

We are a group of citizens concerned about the rapid spread of industrial wind power generation installations across Australia.

Comments

  1. Melissa Ware says:

    Bravo Alan Jones for reminding the Minister about the everyday person and the unaffordability of electricity on top of every other essential service price increases. Businesses and Services are closing because they just can’t afford the running costs. We can’t wait and wait and wait and continue on with this hardship experiment. Does he realise more people die from cold than heat and many people cannot afford to run their heaters. Just cease the subsidies to all wind farm operators right now. Let the Government use the money and control community grants and take it out of these cadging (un)-renewable energy generators hands.
    It’s not only the subsidies, it’s the government grants and loans which assist in starting these projects.
    The Geelong Independent 18.5.18, article mentions a ‘Turbine deal’ which has been signed. Vestas and Deakin Uni are in a partnership to work on making wind turbines stronger. So heaven help all life near them as stronger will likely mean larger = more nuisance sound and vibration be it on land or out at sea. Is there no end at all to this snowballing disaster of an industry? Perhaps Alan, the Minister could explain why he has not stepped in and held the industry to account for the misery it causes to many rural neighbours of wind farms.

  2. Two choices on renewable energy at the next election as I see it: vote Labor/Green and there’s a rapid descent into massive debt, enormous transfer of wealth to a select few, rapid increase in the inability of the poor and elderly in being able to afford basic necessities and an expansion of the income gap between rich or poor. Or vote Liberal and the same result can be expected, just at a more leisurely pace. The frog in the pot with the slowly increasing temperature comes to mind. The population won’t know what’s happening under the Liberal leadership.

  3. Terry Conn says:

    Today’s Australian reports Transgrid has just received approval for $5.5 billion to build new poles and wires, including an interconnecter to South Australia and links to Snowy Hydro and the Broken Hill wind farm (Silverton) – all to do with enhancing the renewable energy juggernaut. So, there’s another $5.5 billion to add onto the cost of renewables. Turnbull and Frydenberg are insane, but so unbelievably smug not even Alan Jones can dent their hubris.

    • As STT rightly points out Terry the obvious enormous direct cost of the LRET, REC subsidies that Josh and his boss are patting themselves on the back for “doing away with” (albeit in 12 years time when both of them will have long since become politically extinct) is just the tip of the subsidy iceberg. It doesn’t even begin to identify the hidden billions in subsidies being wasted in state based green schemes and in funding the interconnection of the Australia’s growing unicorn, power interconnection network. All supposedly lent a fig leaf of respectability by the tick of the Australian Energy Regulator.

  4. Noel Dean says:

    I think it is past time for a royal commission in to wind farms generating electricity, the time to trust all levels of government to control the wind Industry has well and truly passed us by.

    Over the weekend the local Ballarat courier done an article by Brendan Wrigley, in relation to 4 wind farms to be running by the end of 2019.

    In regards to Stockyard Hill wind farm it has been said that the 140 turbine wind farm, 530 MW farm will generate enough energy to power 391,000 Victorian homes when up and running by late 2019.

    The above comment is very misleading as it does not say that when the wind does not blow there will be NO electrify produced, it takes electricity for the turbines to be in standby mode, therefore in the time of greatest need the idle turbines takes electricity out of the grid.

    The article identifies Tracey Ward – Lal Lal Wind Farm community engagement officer.

    Tracey Ward was community engagement officer at the Waubra Wind. In late 2014 Tracey Ward authored a new version of the Waubra Complaints Procedure.

    In the new version – version 2 which has said that all complaints in relation to noise are to be addressed by ACCIONA even though the Senate Inquiry 2011 recommended that there was to be independent arbitrator.

    5.1 noise complaints of the new version – 5.1.1. When a noise complainants house is within 2 km of a turbine, ACCIONA Energy will refer to the modeling pre-construction noise level data at the noise complainants house – or at a nearby location.

    The permit condition, 14(a) The sound level from the wind energy facility, when measured outdoors within 10 mts of a dwelling at any relevant nominated wind speed, should not exceed the background ground level by more than 5dBA or a level of 40 dBA whichever is the greater (the predicted sound level is predicted to be 45dBA in the noise monitoring plan authored by Jamie McKlip ACCIONA).

    Mr Dyer, Wind farm Commissioner believed the Complaints procedure was genuine and changed our complaint from being at our property, to our property OR AT A NEARBY LOCATION, thinking ACCIONA was honest. The consequence of this was the Wind Farm Commissioner treated me as a liar and closed our complaint without any further consultation.

    It is important to note that I requested that our complaint was not to be referred to Acciona and yet it was. Mr Dyer ambushed me by referring our complaint to both the planning department (who our complaint was made against). ACCIONA and the PLANNING department staff have a very close relationship it appears from past evidence.

    The Managing Director told the Wind Farm Commissioner that the assessment was done at a fake nearby location being H273, saying that the noise assessment at this location was in compliance with permit requirement, when in fact H263, which was the nearby position for monitoring referenced in the post construction report, was NOT to the planning minister’s satisfaction. The planning minister requested that objective assessment was to be done within 4 weeks that was in a letter dated 15/9/2011. No objective measurement was proceeded with at our former dwelling.

    The new version was authored and last saved 17 December 2014 – no document history available in the document. The current Planning Minister wrote a letter to ACCIONA/PWED on the 28/2/2015, saying he was currently satisfied that condition 14 had been met, even though sound level measurement and assessment was not done as required.

    The above commentary clearly gives an example of corruption in the industry, in what appears to be a conspiracy with the planning minister and his department to prevent the truth being know about how excessive the noise levels experienced by complaining residents over many years, including Matthew Guy’s time as planning minister, which involved the tunnel that ACCIONA was to build.

    Based on the above I believe that all wind farm development and funding should be halted and a royal commission of the conduct of the industry the the government departments that have allowed things to get as corrupt as they are at this present time. The failure of the NWFC to observe the complaint handling’s 5 fundamental principles needs also to scrutinized.

    The trust Josh has placed in this fictional nonsense is disappointing.

    It is time that the conspiracy is uncovered. The IDIOTS in government are not respecting the human rights of ordinary people. Even the Commonwealth Ombudsman’s office is guilty of giving false and misleading information in relation to a complaint I made in relation to the conduct of the Wind Farm Commissioner about failing to observe complaint handling principles.

    Noel Dean

  5. wal1957 says:

    “Coal just makes more sense!”

    Yep! It sure does. Cheap, reliable, 24/7 power.

    Snowy Hydro 2 power at $25 MWh? Really? Tell him he’s dreaming! Did Swanny -“world’s greatest treasurer” – do the costings on this project?

    Hey Josh….I’ve got a bridge that I am trying to sell…Are you interested…come in spinner!

    And the idiots in Canberra expect us to keep voting for them.

    • Are they idiots or just stupid?

      The well known Dunning Kruger effect is: If you’re really stupid, you’re too stupid to know how stupid you are.

  6. Josh Frydenberg would have to be one of the biggest dills that has ever been in government and here he proves it.

  7. Hmm, hydro works, and its reliable, as long as there is plenty of water in the dams. But pumped hydro? That doesn’t make sense! You have to expend energy, to pump the water uphill, to fill a dam, so that you can use the water later on to produce power. Fair enough, but what is the cost here? What is the efficiency? 70, 80%? IIRC correctly pumped hydro is actually a net user of electricity, and only becomes viable if you pump ‘off peak’, and sell at peak! Hardly a cost effective exercise!
    And yet, we have coal plants that reliably supply around 80% of our power needs 24/7, week in, week out!
    Coal just makes more sense!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: