**** In our earlier posts (here and here) we outlined the fact that – under the mandatory Renewable Energy Target - retailers are fined $65 per MWh for every MW they fall below the mandated 41,000 GWh annual target: what’s called the “shortfall charge” - follow the links here and here. With less than 23,000 … Continue reading Power Punters Face $billions in “Fines” as Mandatory RET Deemed “Doomed to Fail”
Category: Australia
Wind Farms: Nothing More than Power-Grid-Parasites
**** Apart from the insane cost of propping up near bankrupt wind power outfits – like Infigen – with $ billions in subsidies in the form of the REC Tax/Subsidy – the wind industry gets to “free-ride” on the Australian electricity consumer in at least 2 ways. The first is getting preferential distribution of the … Continue reading Wind Farms: Nothing More than Power-Grid-Parasites
RET Review Panel says: Now THAT’S a Submission
In the week just gone, eco-fascist blogs like yes2ruining-us and ruin-economy have crowed about their team sending 23 million submissions to the RET Review Panel (okay, so we’ve exaggerated a bit, but so did they – and you get our point). Likewise, the Twitter-sphere has seen a flurry of self-congratulatory messages from the lunatic fringe … Continue reading RET Review Panel says: Now THAT’S a Submission
Federal Government’s Mandatory RET pays Pac Hydro to Steal Sonia Trist’s Home
**** As STT followers are well aware, the mandatory Renewable Energy Target and the Renewable Energy Certificates issued to wind power generators under it amount to a Federal Tax on all Australian power consumers. The value of the REC Tax is then transferred to wind power outfits - like Union Super Fund backed, Pacific Hydro … Continue reading Federal Government’s Mandatory RET pays Pac Hydro to Steal Sonia Trist’s Home
The Renewable Energy Target & the REC Tax: a Political Time-Bomb for Tony Abbott
**** Following the Coalition’s first budget, Australian political discourse is bouncing firmly along the bottom of the gutter. Barrackers for the hard-green-left lunatic fringe - like the ABC, SBS and the Fairfax Press - have taken to seizing on Coalition “horrors”: like the fact that the Treasurer and Finance Minister were unrepentant about being “caught” … Continue reading The Renewable Energy Target & the REC Tax: a Political Time-Bomb for Tony Abbott
Australia’s Miners say: “Tony, it’s Time for the Great Big Toxic REC Tax to GO”
**** As the RET Review Panel get ready to help axe the mandatory Renewable Energy Target, Australia’s miners have united to brand the RET a guaranteed “job killer” and just “plain crazy”. The miners quite rightly identify the Renewable Energy Certificates (RECs) issued under that policy as an enormous and unnecessary cost burden to households … Continue reading Australia’s Miners say: “Tony, it’s Time for the Great Big Toxic REC Tax to GO”
Energy Market Gorillas Beat Up on the Wind Power Monkeys
**** The opportunity to make submissions to the RET Review Panel ended last Friday. The Panel’s mailbox has been stuffed with cracking submissions from Australia’s leading energy market economists, business groups and, more importantly, the really BIG players in Australia’s energy market (let’s call them the “energy market gorillas”). Two of the biggest - Origin … Continue reading Energy Market Gorillas Beat Up on the Wind Power Monkeys
Alan Moran: time to Terminate the Great RET Scam
**** Alan Moran took on the role of RET “Terminator” some time back (see our post here). For Alan the driving question is not: “are you John Connor?” – it’s more like “are you Miles George?” – or any other wind industry rent-seeker hoping to continue stealing from Australian power punters, for that matter. But … Continue reading Alan Moran: time to Terminate the Great RET Scam
Infigen Signals Its Own Demise – as the RET Review Panel Gets to Work
**** Infigen is an all-wind-power-outfit that used to be called Babcock and Brown – which collapsed spectacularly in 2009 – taking $10 billion of investors’ and creditors’ money with it on the way out (see this story). The way things are headed - get set for a replay. Infigen is bleeding cash (it backed up … Continue reading Infigen Signals Its Own Demise – as the RET Review Panel Gets to Work
Wind Turbine Noise: A “Psychopath’s Symphony”
**** In Australia, at the very beginning of our great-fan-fiasco, the wind industry threw a mountain of cash at their tame acoustic consultants to have them write the ludicrously lax noise "standards" that are meant to be "applied" to wind farms (see our post here). These are the "standards" that are used by corrupt State … Continue reading Wind Turbine Noise: A “Psychopath’s Symphony”
