Australia’s Endless Renewable Energy Nightmare: Subsidies Worth $4bn a Year Run Until 2031

The line that Australia’s rocketing power prices will soon plummet is just a cruel hoax. The subsidies for large-scale wind and solar under the Federal government’s Large-Scale RET will total more than $60 billion over the life of that scheme: the Renewable Energy Certificates issued under the LRET have already added more than $15 … Continue reading Australia’s Endless Renewable Energy Nightmare: Subsidies Worth $4bn a Year Run Until 2031

Turnbull’s Reliable Power Play: Australian PM Pushes Coal-Fired Future

*** Patrician and aloof, Malcolm Turnbull is grappling with an energy debacle, that took root in South Australia (aka 'Australia's wind power capital') and, as a result of the Federal Large-Scale RET, threatens to burst the borders and destroy the entire Eastern Grid. Incidentally, geographically the single largest interconnected electricity grid on the planet. STT … Continue reading Turnbull’s Reliable Power Play: Australian PM Pushes Coal-Fired Future

It’s Time for Frydenberg & Turnbull to Come Clean on the Cost of Subsidised Wind Power

*** STT has a hard time working out whether Federal Energy & Environment Minister, Josh Frydenberg is simply thick, obtuse or knee-deep in the greatest government sanctioned rort of all time? Faced with a disintegrating electricity grid, skyrocketing power prices and a renewable energy policy on the brink of collapse, Frydenberg is playing political games, … Continue reading It’s Time for Frydenberg & Turnbull to Come Clean on the Cost of Subsidised Wind Power