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

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 […]

Out to Save their Wind Industry Mates, Macfarlane & Hunt Lock-in $46 billion LRET Retail Power Tax

**** Wind industry front men, Ian “Macca” Macfarlane and, his youthful ward, young Gregory Hunt are out to defy all-comers: the Liberal’s core constituency (of conservative voters); their colleagues, Joe Hockey and Mathias Cormann; boss, Tony Abbott; and political, economic and environmental common sense – as they pump up a deal with Labor to salvage […]

The Wind Industry’s Need for Massive Subsidies: The Never Ending Story

**** Wind Power Is Intermittent, But Subsidies Are Eternal Wall Street Journal Tim Phillips 1 December 2014 “Tax credits have been essential to the economic viability of wind farms so far, but will not be needed within a few years.” So said Christopher Flavin, now president emeritus of the Worldwatch Institute – in 1984. Thirty […]

Casualties of South Australia’s Wind Power Debacle Mount: Thousands Can’t Afford Power

**** The new protectionism: renewable energy industry’s shameless self-promotion Catallaxy Files Alan Moran 5 December 2014 According to Christopher Flavin, the President emeritus of the Worldwatch Institute, in a few years’ time wind energy will not need to be subsidised. Oh wait! He said that back in 1984. And he was not alone, Booz, Allen […]

Labor Determined to Smash the Poor & Put REAL Australian Businesses to the Sword

**** A little while back we covered the lone-wolf efforts of the Coalition’s Energy Minister, Ian “Macca” Macfarlane to salvage the Renewable Energy Target from its inevitable collapse. Macca – whose links to near-bankrupt wind power outfit Infigen are far from “healthy” (see our posts here and here) tossed a ball into the Labor Opposition’s […]

Miners Skewer Wind Industry Myth that the LRET is Lowering Power Prices

STT followers have a keen ear when it comes to picking wind industry spin. One of the most fantastic efforts to turn night into day is the completely bogus story about wind power causing a reduction in Australian retail power prices. Like most wind industry drivel, it’s a tale that’s heavy on emotional “belief” and […]

Mandatory RET Just Another Form of Punishment for the Poor

**** The mandatory RET has seen around $9 billion worth of Renewable Energy Certificates issued to wind power outfits, so far; the cost of which has been added to retail power prices and recovered from all Australian power consumers. With a further $50 billion to be transferred from power consumers to wind power outfits via […]