The line that Australia’s rocketing power prices will soon plummet is just a cruel hoax. The subsidies for large-scale wind and solar under the Federal government’s Large-Scale RET will total more than $60 billion over the life of that scheme: the Renewable Energy Certificates issued under the LRET have already added more than $15 billion … Continue reading Annual Cost of Australia’s Solar Subsidy Scam Hits $2 Billion & Sends Power Prices Into Orbit
Tag: Renewable subsidies Australia
State Sanctioned Theft: Australia’s Renewable Energy Subsidies a $60bn Wealth Transfer
Selling electricity is a complex caper, permitting a sharp and mercenary few to make out like bandits, at the expense of the gullible many. In Australia, the power market was hijacked around 20 years ago, with the creation of the National Electricity Market. Then the game changed entirely, as chaotic wind and solar were added … Continue reading State Sanctioned Theft: Australia’s Renewable Energy Subsidies a $60bn Wealth Transfer
Australian Business Despairs: Renewables Obsessed Energy Minister Throws Economy to the Wolves
Australia’s Energy Minister, Josh Frydenberg’s obsession with wind and solar is literally crippling his country: rocketing power prices have left tens of thousands of families powerless; and energy hungry businesses are gobsmacked at his every gormless utterance. Threatened by the Monash Forum (a group of 30 or so Liberal and National MPs), Frydenberg has taken … Continue reading Australian Business Despairs: Renewables Obsessed Energy Minister Throws Economy to the Wolves
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