cost of the LRET – STOP THESE THINGS

Australia’s Energy Debacle: South Australia Just the First Victim of the LRET’s $45bn in Wind Power Subsidies & Fines

December 13, 2016 by stopthesethings 9 Comments

*** Last week saw Federal Energy and Environment Minister, Josh Frydenberg briefly float and then just as quickly scrap the idea of a ‘carbon’ credit trading scheme, which – as we set out in yesterday’s post – counter-intuitively had the potential of avoiding a complete political disaster for the coalition. While a media scrum kicked […]

Filed Under: Australia, Big wind industry, Big wind politics, power prices, South Australia Tagged With: Australia's renewable energy target, Australian power prices, Collapse of the LRET, cost of the LRET, Grid instability wind power, Highest power prices in Australia, Josh Frydenberg carbon trading scheme, Josh Frydenberg renewable energy target, labor 50% renewable target, Malcolm Turnbull carbon trading scheme, Malcolm Turnbull renewable energy target, Premier Jay Weatherill blackout, South Australia power blackouts, wind power blackouts

‘Peak Lunacy’: Australia’s Unfolding Energy Fiasco Cripples SA – Victoria to Follow

November 10, 2016 by stopthesethings 3 Comments

*** In Ridley Scott’s 1991 feminist version of the classic American road film, Thelma and Louise, the protagonists hit the road in a 1966 Ford Thunderbird convertible, hoping to escape the dropkick men in their dreary lives. Thelma, in resisting the unwanted advances of a would-be rapist, pumps her assailant full of lead and the […]

Filed Under: Australia, Big wind industry, Big wind politics, power prices, South Australia, Victoria Tagged With: Bill Shorten 50% renewable target, cost of the LRET, cost of wind power subsidies, Jay Weatherill power prices, Josh Frydenberg renewable target, labor 50% renewable target, Power costs employment, power prices in South Australia, South Australia blackout, Victoria 50% renewable target, Wind power in South Australia, wind power unemployment

Giant Battery Myth Offers Wind Industry No Salvation from its Ultimate Demise

November 8, 2016 by stopthesethings 12 Comments

*** One of the more hilarious moments that followed the aftermath of South Australia’s statewide blackout on 28 September (aka ‘Black Wednesday’), was when The Australian quoted the CEO of French wind power outfit Neoen – one of the wind power operators whose turbines were responsible for SA’s date with the Dark Ages: Neoen Australia […]

Filed Under: Australia, Big wind industry, Big wind politics, UK Tagged With: battery renewable power storage, battery technology, Bill Shorten 50% renewable target, cost of storing power, cost of the LRET, Hazelwood power plant closure, Hornsdale wind farm, labor 50% renewable target, Queensland 50% renewable target, storing renewable power, storing wind power, Victoria 50% renewable target, wind power battery

Australia’s Renewable Target Kills 2,000 Victorian Jobs at Hazelwood & Portland

November 7, 2016 by stopthesethings 6 Comments

*** To call what Australian politicians refer to as energy “policy” is to flatter it as involving some kind of deliberate design. As things have panned out in South Australia, and are fast panning out in neighbouring Victoria, there is only one fair description: “total chaos”. South Australia lost 784MW of reliable, affordable base-load power […]

Filed Under: Australia, Big wind industry, Big wind politics, power prices Tagged With: Australian power prices, Bill Shorten 50% renewable target, Collapse of the LRET, cost of the LRET, Cutting the RET target, Hazelwood power plant closure, Josh Frydenberg renewable target, Judith Sloan, labor 50% renewable target, LRET penalty charge, Power costs kill employment, risks of investing in wind power companies, Victoria 50% renewable target, When power subsidies cost jobs, wind power unemployment

REC Price Surge Signals Doom for Australia’s Renewable Target & its Wind Industry

November 6, 2016 by stopthesethings 8 Comments

When a policy is unsustainable its failure is inevitable: Australia’s Large-Scale Renewable Energy Target is just such a policy. STT has been spelling it out since December 2012. It was around then, when Australia’s commercial power retailers determined that there was no bankable certainty attached to the LRET; since then, no commercial retailer has entered […]

Filed Under: Australia, Big wind industry, Big wind politics, power prices Tagged With: Australia's renewable energy target, Bill Shorten 50% renewable target, Collapse of renewable investment, Collapsing wind power investment, cost of the LRET, cost of the RET, investing in wind power, Josh Frydenberg renewable target, labor 50% renewable target, LRET shortfall charge, Penalty cost of LRET, RET uncertainty, Risk of investing in wind power, Sid Maher renewable target

Queensland Labor Lunacy: Premier Vows to Follow South Australia Back to the Dark Ages

October 25, 2016 by stopthesethings 7 Comments

*** It was Albert Einstein that forecast the Australian approach to energy policy when he defined insanity as: “doing the same thing over and over again and expecting different results.” Queensland’s capital, Brisbane is barely 1,600 km and 2 hours, 20 minutes flying time from Adelaide, but it appears that the news from South Australia […]

Filed Under: Australia, Big wind industry, Big wind politics, power prices, Queensland Tagged With: Annastacia Palaszczuk RET, cost of the LRET, Energy Australia, Jay Weatherill power prices, Keith De Lacy, labor 50% renewable target, Mark Bailey renewable target, Queensland 50% renewable target, Queensland power prices, SA blackout, Stanwell Corporation, wind power costs

South Australia’s Wind Power Debacle: Blackout Spells the End for Wind Power

October 10, 2016 by stopthesethings 10 Comments

*** Time for tilting at windmills is at an end (SA blackout shows need for energy security instead of windmills) The Australian Chris Kenny 8 October 2016 By plunging itself into darkness and flailing itself with prohibitive, self-imposed electricity costs, South Australia provides the nation with a critical warning about energy policy. It also demonstrates […]

Filed Under: Australia, Big wind industry, Big wind politics, Power Quality, South Australia Tagged With: 90% renewable, AEMO blackout South Australia, AEMO report wind farms, cost of the LRET, Josh Frydenberg renewable target, labor 50% renewable target, Premier Jay Weatherill blackout, South Australia power blackouts, Tom Koutsantonis wind farms, wind power causes blackouts, wind power grid instability