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 […]

Senator David Leyonhjelm on Australia’s Energy Future

Senator David Leyonhjelm is one of the 8 cross-benchers capable of turning Australia’s disastrous energy policy around during the life of this Parliament. He’s already come out swinging with a superbly crafted attack on the debacle that is the mandatory Renewable Energy Target which featured in The Australian a little while back (see our post […]

The Wind Industry’s Worst Nightmare – Angus Taylor – says: time to kill the LRET

**** Member for Hume, Angus “the Enforcer” Taylor has taken the lead on behalf of the Coalition in Tony Abbott’s quest to bring the wind industry to its knees. While there’s been a lot of huff and puff emanating from energy dimwits, Ian “Macca” Macfarlane and his youthful ward, Gregory Hunt about saving the mandatory […]

How the Public Are Deceived About the True Cost of the Mandatory RET

**** The Australian Financial Review – as one of the lefty Fairfax stable – “drank the Kool Aid” early and happily ran with the wind industry’s narrative that having Australia bristle with giant fans is a sure-fire way of cooling mother Earth; that wind power is free; and that the mandatory RET is public policy […]