Renewables rent-seekers are nothing if not sore losers. A heartbeat ago it seemed as if the subsidies for renewables would last until kingdom come, and wind and solar power outfits could get away with the completely unpredictable and haphazardly occasional ‘delivery’ of power at ridiculous prices. Now, PM, Malcolm Turnbull’s National Energy Guarantee has turned … Continue reading Armageddon Beckons: National Energy Guarantee Crushes Australia’s Wind Industry
Tag: LRET shortfall charge
Australia’s Renewable Target in Tatters: Major Retailers Shun Wind & Solar, Electing to Pay $Millions in Retail Power Fines Instead
*** 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 … Continue reading Australia’s Renewable Target in Tatters: Major Retailers Shun Wind & Solar, Electing to Pay $Millions in Retail Power Fines Instead
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 … Continue reading REC Price Surge Signals Doom for Australia’s Renewable Target & its Wind Industry
Origin’s Grant King Spells Out the Inevitable Demise of the LRET & the Wind Industry
**** In last night’s post we took a look at China’s wind power debacle, where grid operators are refusing to hook up wind farms to the grid – due the uneconomic cost of doing so in remote locations – with the result that more than 20% of its wind power capacity sits idle – and … Continue reading Origin’s Grant King Spells Out the Inevitable Demise of the LRET & the Wind Industry
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 … Continue reading Out to Save their Wind Industry Mates, Macfarlane & Hunt Lock-in $46 billion LRET Retail Power Tax
Labor, Greg Hunt & Australia’s Wind Industry Panic as LRET Set to Implode
**** Back in October last year, STT predicted that Australia’s Labor opposition would reject any moves by the Coalition to scale back the (completely unsustainable) Large-Scale Renewable Energy Target (LRET) (see our posts here and here). It was around that time, that the Coalition’s (killing) Industry Minister, Ian “Macca” Mcfarlane; and his youthful ward, (carpeting … Continue reading Labor, Greg Hunt & Australia’s Wind Industry Panic as LRET Set to Implode
Bulgarian Blow-Up – Thousands in Power Price Protests see PM Lose Scalp & Wind Power Subsidies Slashed
Depriving ordinary people of something long considered a basic necessity of life, is one sure fire way to get their backs up. When that ‘necessity’ is something that people have rightly come to assume will always be available to them, at an affordable price, and the price suddenly escalates without reasonable explanation, confusion tends … Continue reading Bulgarian Blow-Up – Thousands in Power Price Protests see PM Lose Scalp & Wind Power Subsidies Slashed
Ian Macfarlane, Greg Hunt & Australia’s Wind Power Debacle: is it Dumb and Dumber 2, or Liar Liar?
Australia's Energy Minister, Ian “Macca” Macfarlane and his youthful ward, Environment Minister, Greg Hunt are the flies in the Coalition’s political ointment, when it comes to engineering anything like a sensible policy on energy. Both Macfarlane’s and Hunt’s offices are filled with wind industry plants and stooges, like Hunt’s senior adviser, Patrick Gibbons. Patrick … Continue reading Ian Macfarlane, Greg Hunt & Australia’s Wind Power Debacle: is it Dumb and Dumber 2, or Liar Liar?
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 … Continue reading Rearranging Deckchairs on the Titanic: or Ian Macfarlane’s Futile Efforts to Save the LRET & his mates at Infigen
Victoria’s Wind Rush sees 34,000 Households Chopped from the Power Grid
It took a while for Victoria to catch up with Australia’s wind power capital, South Australia when it comes to the roll-out of giant fans. Now, just like SA – the cost of doing so is hitting home – or rather tens of thousands of Victorian homes - with a vengeance. Soaring power costs leads … Continue reading Victoria’s Wind Rush sees 34,000 Households Chopped from the Power Grid
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