The truth about the great wind power fraud
Malcolm Turnbull’s downfall resulted from stratospheric power prices, sent into orbit by unreliable and intermittent wind and solar. His fate was sealed when he started spinning the line that his National Energy Guarantee (which would have effectively doubled wind and solar capacity) would result in power being delivered at 1970s prices. The same line is […]
Australia’s renewable energy policy is doomed: and it was rocketing power prices that killed it. No State went harder or faster than South Australia, when it came to the rollout of solar panels and giant windmills. Notorious for mass load shedding events and a statewide blackout, that left parts of the economic backwater without power […]
Blind panic doesn’t cover it: Australia’s energy crisis has MPs and rent-seekers running around like chooks with their heads cut off. Retail power prices (see above) have jumped anywhere between 20 and 28% in the last 12 months, in those states with major wind and solar capacity – adding to 13-20% increases, the previous year. Energy […]
The hundreds of $billions paid in subsidies to intermittent wind and solar constitute the largest wealth transfer in economic history. In Australia, the Federal Government’s Large-Scale RET gouges $60 billion from power consumers over the life of the scam, and redirects it to such worthy outfits as AGL and our favourite whipping boys, Infigen. In the […]
The adults have just taken control of Australia’s renewable energy debacle: the ACCC’s investigation into RE subsidies and power market gaming spells the end for subsidised wind and solar. As STT has pointed out on more than one occasion: when a policy is unsustainable it will either collapse under its own imponderable weight, or its […]
It was only a matter of time before Australia’s ruinous renewable energy policies imploded and implode they just did. Australia’s power pricing and supply calamity is the inevitable consequence of the so-called ‘transition’ to nature’s wonder fuels. And yet the wind and sun cult and renewable energy rent seekers continue to behave as if the […]
An obsession with the ‘unreliables’ – wind and solar – has destroyed Australia’s once reliable and affordable power supply. Consistent with that theme, Australia’s Energy Minister has just given the two fingered salute to Australian business. Josh Frydenberg is pushing a National Energy Guarantee which (as pointed out in last night’s post) could have […]
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