South Australia’s Wind Power Obsession an Economic Suicide Pact

Alan Moran gets it. Setting a cult-like feel-good power policy, obsessed with wind power isn’t just fanciful nonsense, it’s nothing short of an economic suicide pact. Here’s how things are playing out in Australia’s “wind power capital”, South Australia. Renewable energy demanding a high price for unreliability The Australian Financial Review Alan Moran 29 July […]

Miners Skewer Wind Industry Myth that the LRET is Lowering Power Prices

STT followers have a keen ear when it comes to picking wind industry spin. One of the most fantastic efforts to turn night into day is the completely bogus story about wind power causing a reduction in Australian retail power prices. Like most wind industry drivel, it’s a tale that’s heavy on emotional “belief” and […]

Power Punters Face $billions in “Fines” as Mandatory RET Deemed “Doomed to Fail”

**** In our earlier posts (here and here) we outlined the fact that – under the mandatory Renewable Energy Target – retailers are fined $65 per MWh for every MW they fall below the mandated 41,000 GWh annual target: what’s called the “shortfall charge” – follow the links here and here. With less than 23,000 […]

The Renewable Energy Target & the REC Tax: a Political Time-Bomb for Tony Abbott

**** Following the Coalition’s first budget, Australian political discourse is bouncing firmly along the bottom of the gutter. Barrackers for the hard-green-left lunatic fringe – like the ABC, SBS and the Fairfax Press – have taken to seizing on Coalition “horrors”: like the fact that the Treasurer and Finance Minister were unrepentant about being “caught” […]

Infigen Signals Its Own Demise – as the RET Review Panel Gets to Work

**** Infigen is an all-wind-power-outfit that used to be called Babcock and Brown – which collapsed spectacularly in 2009 – taking $10 billion of investors’ and creditors’ money with it on the way out (see this story). The way things are headed – get set for a replay. Infigen is bleeding cash (it backed up […]

Slash Wind Power Subsidies & Bring Power Prices Back to Earth

With Australia’s wind industry gasping its last breath, their hired spruikers at the Clean Energy Council have taken to peddling the incredible tale that wind power has led to a REDUCTION in our power bills. Trouble is that wind power generation (the product of the mandatory RET – which has been in operation since 2001) […]