Every country that’s ‘transitioning’ to wind and solar is suffering rocketing retail power prices. No ifs. No buts. No exceptions. Australia is a sufficient example, given the delusional obsession with weather and sunshine-dependent occasional power in the land Downunder. Since July this year, Australian families and businesses have been reeling from 20-30% increases in their … Continue reading Why Subsidised Wind & Solar Always Deliver Punishing Power Prices
Tag: Cost of renewable energy in Australia
Generators Game Power Market Around Wind & Solar Output Collapses: Spot Prices Routinely Hitting $14,000/MWh
Australia’s self-inflicted power crisis has reached the point of full-scale disaster, with only one way out: killing subsidies to wind and solar. Australia’s competition watchdog, the Australian Competition & Consumer Commission has finally said what politicians are either too timid or too witless to even think. The chaos that’s been caused in the National Energy … Continue reading Generators Game Power Market Around Wind & Solar Output Collapses: Spot Prices Routinely Hitting $14,000/MWh
Liberal MPs Demand End to Australia’s Economy-Wrecking, Hidden $60bn Federal Power Tax
Already suffering the world’s highest power prices, Australian power consumers have watched prices jump by anything up to 28% in 12 months. The greatest increases occurred, funnily enough, in the all-renewable obsessed Australia Capital Territory, home to the Australian Federal Parliament in Canberra. The ACT entered power purchase agreements to buy wind power generated (occasionally) … Continue reading Liberal MPs Demand End to Australia’s Economy-Wrecking, Hidden $60bn Federal Power Tax
Australia’s Renewable Energy Target Already Costing $3 billion a Year, with Much Worse to Come
*** With fear, loathing and recriminations playing out in Canberra about South Australia’s electricity debacle and the skyrocketing power prices mass blackouts and routine load shedding its obsession with wind power has delivered, Sabine Schnittger and Brian Fisher of BAEconomics have thrown the spotlight back on the Federal government’s family, job, growth and business killer: … Continue reading Australia’s Renewable Energy Target Already Costing $3 billion a Year, with Much Worse to Come
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