Wind Industry’s CO2 Abatement Claims Smashed by Top Physics Professor – Dr Joseph Wheatley

**** The mandatory RET has seen the cost of around $9 billion worth of Renewable Energy Certificates added to retail power prices and recovered from all Australian power consumers. Under the Large-Scale Renewable Energy Target, a further $45 to $55 billion will be transferred from power consumers to wind power outfits via the REC Tax/Subsidy … Continue reading Wind Industry’s CO2 Abatement Claims Smashed by Top Physics Professor – Dr Joseph Wheatley

Wind Industry Armageddon: Power Retailers Win Round One in Battle to Kill LRET

**** As STT has pointed out, just once or twice, the policy debacle that is the Large-Scale Renewable Energy Target (LRET) is completely unsustainable, on every level: economic, social and political. In the absence of the mandated subsidies (“the carrot”) directed to wind power outfits, and the mandated penalties (“the stick”) whacked on retailers under … Continue reading Wind Industry Armageddon: Power Retailers Win Round One in Battle to Kill LRET

Who exempts the Poor from the LRET’s $50 Billion Electricity Tax & More Power Price Punishment?

**** The "debate" about the Large-Scale Renewable Energy Target continues to rage in Canberra, where the rent-seekers' game of "save the LRET at all costs" has been driven by the increasingly panicked and apoplectic rantings of Miles George and Kane Thornton. Miles heads up near-bankrupt wind power outfit Infigen (aka Babcock & Brown) and, to … Continue reading Who exempts the Poor from the LRET’s $50 Billion Electricity Tax & More Power Price Punishment?

How Wind Power Subsidies Destroy Both Electricity Markets & Economies

**** Around the globe, the wind industry behaves like an enormous, bloodsucking leech - latching onto power consumers and taxpayers; and ever ready to drain its hosts dry and leave nothing but empty shells behind. In Australia, those soon to be empty shells will include what’s left of our manufacturing industries; mineral processors and the … Continue reading How Wind Power Subsidies Destroy Both Electricity Markets & Economies