Enough is Enough: Time to End (Endless) Gravy Train for Subsidised Wind & Solar

Countless $billions are being squandered on subsidies to unreliable wind and solar, every single day. Wind and solar power don’t run on sunshine and breezes, they run on a seemingly endless stream of subsidies – without which, we simply wouldn’t be having this discussion.

The merest hint threat of a cut to the subsidies sends rent-seekers into apoplexy and ‘investors’ running for the exit.

The damage done to power grid is and electricity markets is as perfectly predictable, as it was perfectly avoidable.

Alan Moran details the disaster that is Australia’s renewable energy subsidy scam, below.

Why don’t we hear about the $40,000 per household cost of decarbonisation?
Spectator Australia
Alan Moran
25 June 2021

The Irish Times reports that an IMF study of Ireland estimates that the nation will need to spend 20 billion euros a year – or five per cent of GDP – to meet its 2050 goal of net zero emissions of CO2 from the burning of coal, gas and oil.

In Australia, we are already edging towards the deplorable net zero target while not even formally embracing it. According to RBA estimates, we spend some $7 billion a year on large-scale renewables plus $3 billion a year on rooftop facilities.

Wind and solar facilities cause so much damage to the electricity grid that future installations will need to be controllable by the market manager so that they can be turned off when their operations are threatening stability. Those installing wind and solar are not pleased. However, all of these malinvestments are dependent on government subsidies. Not one cent of the $10 billion a year Australia spends on new renewable installations would take place without the regulatory and funding advantages that governments provide.

Subsidies directly to the installations are running at some $7 billion a year ($4 billion through regulations requiring retailers to incorporate renewable supplies and $3 billion through direct government support and loans). In addition to this we have a $17 billion transmission program to accommodate new renewables plus vast sums charged to customers by the market manager to ensure reliability of a national grid made increasingly insecure by fluctuating renewable supplies.

Notwithstanding all the confected guilt conjured up by domestic green activists and subsidy-seekers, Australia per capita spends far more on these economy-strangling policies than other countries.

Moreover, all such measures by Australia and other western nations can have no effect on climate, even on the hypothesis (not corroborated by satellite readings on global temperatures) that this does cause some warming. This is because the western world’s actions will be offset by those of developing countries. China already burns over half the world’s coal and India, Indonesia and other developing nations are just getting started. Yet, world statesmen engage in naïve wishful thinking, illustrated by Armin Laschet, the heir-apparent to Angela Merkel, who argues we need a softer line on China because, among other things, it is “a partner, particularly in things like fighting climate change.”

Meanwhile, we are deliberately reducing competitiveness. Carbon-free electricity adds costs – 20 per cent to the price of glass and 30 per cent to that of steel.

In Australia, the growth of subsidised renewables has led to a saw-tooth price progression. As these new supplies have been injected into the system, wholesale prices have been depressed but following this, the most marginal coal generator will close causing a price surge.

The government has claimed low wholesale prices in the present year have been brought about by its policies. In May, Energy Minister Angus Taylor crowed about plummeting wholesale electricity prices saying cheap energy will make Australians worry less about their electricity bills and, “Since the introduction of the Big Stick legislation to March this year, there have been 19 straight months of wholesale price reductions on the previous year.”

But depressed demand was the real cause of lower wholesale prices at that time. The precarious nature of the market is being progressively worsened as more coal generators are forced out creating risks of supply crises from unanticipated events. The latest of these is the explosion at Queensland’s Callide plant and the flooding at Victoria’s Yallourn plant and, though the average price for the current year is low, the average price in June was, at $164 per MWh, higher than any previous annual average price.

All of this has a bearing on the change in the National Party’s leadership, which was only partly driven by the Party’s wish to see the reinstallation of the nation’s “best retail politician”. Like previous leadership changes in the Liberal Party, the Nationals’ turmoil is part of a struggle between two political camps. On the one hand are those who see alleged human-induced climate change as, in Kevin Rudd’s words, “the greatest moral challenge of our times” and an electoral bonus. On the other hand, are those who see warming scares as unfounded and renewable energy subsidies, their supposed antidote, as being an unwarranted cost to the economy and an electoral threat. For the Nationals, the choice is complicated by the “progressive” wing, led by deputy leader David Littleproud, seeking to get landowners a place on the subsidy gravy train.

That said, those voting to reinstall Barnaby Joyce were clearly unimpressed by the Guardian’s Essential Poll which found “some 73% of respondents want renewables to replace the ageing coal fleet .. and only 15% think Australia should persist with coal-fired power stations.” For National MPs, the most important threat is from climate sceptics (or realists) in One Nation and the Shooters Fishers and Farmers. Moreover, they would recognise that the Essential Poll did not ask people what they are prepared pay for decarbonisation. Few would opt for the $40,000 per household that it would cost and fewer still would want to see a permanent reduction in living standards that would follow.
Spectator Australia

About stopthesethings

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

Comments

  1. In Canada we have information on the value of C02 emissions from Dr. Patrick Moore, who certainly does not demonize C02.

    Click to access Moore-Positive-Impact-of-Human-CO2-Emissions.pdf

    Awareness of this, makes large scale industrial wind even more ridiculous. The Liberal government that brought them in, sold them to the citizenry of Ontario as the way to ‘save the planet’. Eventually that Liberal government that failed to do proper cost/benefit analysis before signing 20 year contacts, was ‘decimated’. They even lost their party status, but for some reason we’re still subsidizing industrial scale wind turbines. In the case of the largest project in Ontario, this could go on for another 15 years!

    • My apologies for the length of the information on Patrick Moore’s information. I meant for it to be the link to his video.

  2. Why haven’t criminal investigations been done in Ontario to follow the money trail and examine who were the investors and how they operated? This needs to be done right down to the municipal level.
    Is Italy the only country that has done such investigations so far?

    Are Wind Turbines a Mafia Windfall? The Unintended Consequences of Green Incentives
    31 Pages
    Posted: 23 Feb 2021

    “Using detailed data on wind farms and administrative sources on power capacity installed at the finest geographical level in Italy, we analyse if mafia-exposed exploit public green incentives support. We observe that High Crime municipalities increase the number of wind turbines during a period of generous green incentives, while the effect disappears once the green energy scheme becomes less generous after 2013. “page 23

    “This paper shows that design features of a policy in a highly regulated sector might lead to unintended negative impacts due to criminal actors who can exploit legal fallacy to make large profit in few years. Importantly, this indicates that policymakers can successfully correct the drawbacks of the type of policies analyzed here by introducing less generous incentives. “page 23

  3. Jeffrey Pickett says:

    Warren Buffet stated if it wasn’t for the $350 million, DOE subsidy not including the write offs and more, given to him he would not be in the wind business. The fact that the wind farms of today will not be operable by 2050, especially off shore, and their materials mining and construction carbon footprints diabolical, ie. lithium. Quantitative Easing for the Bilderberg economic class all part of this NWO outcome based crypto insanity. Musk using his economic manufactured reality to find a way to leave the planet, lol.

  4. ronaldsteinptsadvancecom says:

    The most important fact about today’s environmental movement, and the book “Clean Energy Exploitations” explores is that the healthy and wealthy countries of the United States of America, Germany, the UK, and Australia representing 6 percent of the world’s population (505 million vs 7.8 billion) could literally shut down, and cease to exist, and the opposite of what you have been told and believe will take place.

    Simply put, in these healthy and wealthy countries, every person, animal, or anything that causes emissions to harmfully rise could vanish off the face of the earth; or even die off, and global emissions will still explode in the coming years and decades ahead over the population and economic growth of China, India, Indonesia, Japan, Vietnam, and Africa.
    China (1.4 Billion), India (1.36 billion), Indonesia (270 million), Japan (126 million) and Vietnam (80 million) plan to build more than 600 coal power units, and African countries (1.2 Billion) are planning to build more than 1,250 new coal and gas-fired power plants by 2030.

    The book “Clean Energy Exploitations” helps citizens attain a better understanding that just for the opportunity to generate intermittent electricity that is dependent on favorable weather conditions, the wealthier and healthier countries like Germany, Australia, Britain, and America continue to exploit the most vulnerable people and environments of the world today.

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