The mandatory RET not only threatens thousands of real jobs, it's threatening Australia's energy security. The perverse market distortion created by the RET allows wind power outfits to dump electricity at prices approaching zero, on those occasions when the wind is blowing (see our post here). The result being that incumbent generators are precluded from … Continue reading Mandatory RET Threatens Jobs & Australian Energy Security
Tag: Coalition renewable policy
Renegade PUP – Jacqui Lambie – Heralds Demise of the Mandatory RET
The credibility of any political party pronouncing any policy position is directly proportional to the unity demonstrated by elected members within that party: Politics 101. Barely a week has passed since big Clive Palmer announced that his Palmer United Party (PUP) would use its balance of power in the Senate to block any changes whatsoever … Continue reading Renegade PUP – Jacqui Lambie – Heralds Demise of the Mandatory RET
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
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”
Joe Hockey keen to scrap Infigen’s “utterly offensive” Lake George Wind Farm
**** In our last post we covered the Alan Jone’s interview with Federal Treasurer Joe Hockey that’s sent the wind industry and its parasites into a tailspin. Apart from the fact that Joe detests the very sight of these things, the Treasurer made it abundantly clear that when the Coalition talks about ending the “age … Continue reading Joe Hockey keen to scrap Infigen’s “utterly offensive” Lake George Wind Farm
Kill the subsidies and the wind industry dies
In recent weeks the greentard blogs have been overcome with grief as they moan about the almost inevitable consequences of the Coalition’s RET review, the future of the CEFC and now the ARENA fund - yet another taxpayer backed renewable slush fund that faces the chop. Their wailing and gnashing of teeth undermines their specious … Continue reading Kill the subsidies and the wind industry dies
Labor’s Martin Ferguson: time to scale back RET
Labor's Martin Ferguson bowed out of Parliament (gracefully) last year amid the brawl over the leadership between Julia Gillard and Kevin Rudd. His departure was lamented on both sides of the House as Canberra lost a seasoned policy advocate for mining, industry and enterprise. Martin has just come out swinging about the scale and market … Continue reading Labor’s Martin Ferguson: time to scale back RET
Judith Sloan: Junking the RET is the right thing to do
Judith Sloan has already entered the STT Pantheon with an earlier piece on the insanity that is the RET (see our post here). Well, the lass with a head for numbers - and smarter than brain pie - is back at it with this sizzling piece from The Australian. Junking energy target is right The … Continue reading Judith Sloan: Junking the RET is the right thing to do
Kill the RET and Save the Poor
The REC Tax that comes with the RET is the most regressive tax of all. The impact on the poorest and most vulnerable is punishing and has led to the new phrase of our time – “energy poverty”. Germany has disconnected some 800,000 homes from its grid simply because they can no longer afford their … Continue reading Kill the RET and Save the Poor
Miners gang up on the RET
Australia’s miners have carried its economy along on a wave of investment and export growth over the last 20 years – so when they talk – governments listen (see our post here). Here’s a cracking piece by Minerals Council Chief, Brendon Pearson that appeared in The Australian. No end in sight to soaring electricity prices … Continue reading Miners gang up on the RET
STOP THESE THINGS 