Rearranging Deckchairs on the Titanic: or Ian Macfarlane’s Futile Efforts to Save the LRET & his mates at Infigen

**** For more than just a little while, STT has been pointing out that the Large-Scale Renewable Energy Target (LRET) is simply unsustainable – be that as a matter of simple economics; or as a cold, hard political fact. A couple of weeks back, we provided a very detailed analysis as to just why the […]

LRET “Stealth Tax” to Cost Australian Power Punters $30 BILLION

**** As STT has pointed out – just once or twice – the Large-Scale Renewable Energy Target is simply unsustainable: any policy which is unsustainable will eventually fail under its own unfathomable weight; or its creators will be forced to scrap it, in circumstances of shame and ignominy. We’ll go on to detail just why […]

Energy Market Gorillas Beat Up on the Wind Power Monkeys

**** The opportunity to make submissions to the RET Review Panel ended last Friday. The Panel’s mailbox has been stuffed with cracking submissions from Australia’s leading energy market economists, business groups and, more importantly, the really BIG players in Australia’s energy market (let’s call them the “energy market gorillas”). Two of the biggest – Origin […]

Stanwell Corp says the RET must GO

**** STT hears the queue outside Environment Minister, Greg Hunt’s office is becoming rowdier and larger by the day.  Real power generators are keener than ever to get rid of the mandatory Renewable Energy Target – and see the potential for the Coalition’s Direct Action policy to do just that. Operatives from Queensland’s biggest power […]

Origin’s Grant King: Giant Fans Fail to Reduce CO2 At All

**** Australia has spent $billions propping up wind weasels with cheap money (read unsecured loans which are, in effect, interest free) from the Clean Energy Finance Corporation (see our post here); the benefit of the mandatory Renewable Energy Target, which forces retailers to purchase wind power on pain of a fine – aka the “shortfall […]

The Gorillas start beating up the Monkeys

A little while back we posted a video where Origin Energy’s Chief, Grant King laid out the demise of the RET.  Well – King-Kong-King is back beating his chest and letting the whole energy jungle know who’s boss.  This time – though – he’s brought a few other heavies with him. **** And these mountain […]

We smell fear and loathing in the wind energy sector

Can you smell it? It’s currently just a hint of Canberra breeze, a waft of something sour. But it’s definitely there. The smell of fear and loathing. Recently, the head of Origin Energy, Grant King, hammered the Renewable Energy Target scheme and the Gillard government’s carbon tax. King told an audience of business heavies the […]