LRET penalty charge – STOP THESE THINGS

Australia’s Renewable Target in Tatters: Major Retailers Shun Wind & Solar, Electing to Pay $Millions in Retail Power Fines Instead

January 28, 2017 by stopthesethings 18 Comments

*** In the week just gone, yet another of STT’s predictions unfolded, with devastating consequences for Australia’s Large-Scale RET and the remnants of a battered and beleaguered wind industry. The LRET was slashed in 2015 simply to avoid the political embarrassment of having too little eligible renewable power dispatched to satisfy the 41,000 GWh target […]

Filed Under: Australia, Big wind industry, Big wind politics, power prices Tagged With: Australian power prices, Bill Shorten 50% renewable target, Collapse of renewable energy target, ERM Power shortfall charge, Highest power prices in Australia, investing in Infigen, Investing in renewables, investing in wind power, investment risk wind power, Josh Frydenberg renewable energy target, LRET penalty charge, LRET shortfall charge, Malcolm Turnbull renewable energy target, Renewable Energy Target shortfall charge, RET shortfall charge, risks of investing in wind power companies

Australia’s Renewable Target Kills 2,000 Victorian Jobs at Hazelwood & Portland

November 7, 2016 by stopthesethings 6 Comments

*** To call what Australian politicians refer to as energy “policy” is to flatter it as involving some kind of deliberate design. As things have panned out in South Australia, and are fast panning out in neighbouring Victoria, there is only one fair description: “total chaos”. South Australia lost 784MW of reliable, affordable base-load power […]

Filed Under: Australia, Big wind industry, Big wind politics, power prices Tagged With: Australian power prices, Bill Shorten 50% renewable target, Collapse of the LRET, cost of the LRET, Cutting the RET target, Hazelwood power plant closure, Josh Frydenberg renewable target, Judith Sloan, labor 50% renewable target, LRET penalty charge, Power costs kill employment, risks of investing in wind power companies, Victoria 50% renewable target, When power subsidies cost jobs, wind power unemployment

SA’s Wind Power Debacle Escalates as Australian Wind Power Subsidies Hit $3 Billion a Year

August 2, 2016 by stopthesethings 6 Comments

Renewables’ subsidies put sting into power bills The Australian Michael Owen 26 July 2016 Renewable energy output in Australia is subsidised by almost $3 billion a year, more than 19 times the amount for generation from fossil fuels, a report by an economic consultancy says. The report by Principal Economics found renewable energy subsidies added […]

Filed Under: Australia, Big wind industry, Big wind politics, Jobs, power prices, South Australia Tagged With: Chloe Munro clean energy regulator, cost of LRET, cost of wind power, Jay Weatherill power prices, Josh Frydenberg renewable target, Josh Frydenberg wind farms, labor 50% renewable target, LRET collapse, LRET penalty charge, Michael Owen The Australian, SA power crisis, SA power prices, South Australia highest power prices, Tom Koutsantonis power prices, wind power subsidies

Australian Power Retailers Give Renewable Energy Target 3 Years to Live

April 25, 2016 by stopthesethings 5 Comments

In this little piece from The Australian, keep an eye out for some truly desperate characters, who are having real trouble coming to terms with the fact that Australia’s electricity retailers have given the LRET no more than three years to live. Investment stalemate puts renewable energy target at risk The Australian Andrew White 16 […]

Filed Under: Australia, Big wind industry, Big wind politics, power prices Tagged With: Andrew White The Australian, Australia renewable policy, clean energy finance corporation, Greens 100% renewable, Greg Hunt LRET, investment risk wind power, Kane Lucas CEC, labor 50% renewable target, LGC price, LRET penalty charge, Oliver Yates, retailers power purchase agreements

What Kills the Australian Wind Industry: A $45 Billion Federal Power Tax

December 7, 2015 by stopthesethings 4 Comments

**** The wind industry in Australia is doomed. Australia’s commercial lending institutions know it (calling in their loans and refusing to lend for any new wind farms). The wind industry knows it – hence the big players’ frantic efforts to ditch their wind farms, cut and run – although these fire sales are as much […]

Filed Under: Australia, Big wind industry, Big wind politics, power prices Tagged With: cost of the LRET, Greens 100% renewable, Greg Hunt renewable target, IFM Investors Pacific Hydro, Infigen Energy, investment risk wind power, Josh Frydenberg Energy Minister, Josh Frydenberg wind farms, labor 50% renewable target, LRET penalty charge, Malcolm Turnbull wind farms, Patrick Gibbons adviser Greg Hunt, Renewable Energy Target shortfall charge, risks of investing in wind power companies, wind power purchase agreements, wind power subsidies