How the Public Are Deceived About the True Cost of the Mandatory RET

**** The Australian Financial Review – as one of the lefty Fairfax stable – “drank the Kool Aid” early and happily ran with the wind industry’s narrative that having Australia bristle with giant fans is a sure-fire way of cooling mother Earth; that wind power is free; and that the mandatory RET is public policy […]

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 […]

Alan Moran: Scrap the RET and let Australian business compete again

**** Stop renewable subsidies to allow lower electricity prices and competitive industry Catallaxy Files Alan Moran 24 April 2014 The RET Review brought the usual howls of anguish from the rent seekers concerned that regulatory measures will cease and that they will need to sell their wind and solar products on the open market. That […]

Tony Abbott’s Business Advisor, Maurice Newman says: “RET is killing manufacturing”

Maurice Newman was the former head of Deutsche Bank, the ABC and ASX so you’d think he might know a thing or two about the big end of town. When it comes to giant fans Maurice doesn’t mince his words: calling wind power “a crime against the people” (see our post here). Maurice has also […]

Game On: the Race to Kill the RET

**** With the Head Boy, Tony Abbott recently signalling the demise of the RET (see our post here) Labor apparatchiks have gone into a flat panic. Labor is a party that’s controlled by Australia’s Unions – and fed and fattened on a steady diet of the money controlled by Union backed Superannuation funds. Over the […]

Judith Sloan joins the queue to scrap the RET

Senior and experienced economists are lining up to scrap the RET.  STT readers have heard the “word” from Burchell Wilson and Alan “The Terminator” Moran. The number crunchers are on the warpath, for good reason. The Renewable Energy Target is a ludicrously expensive and utterly ineffective means of reducing CO2 emissions, which is what is […]

RET – There’s no future, no future, no future for you

Back in 1977 – during her Majesty’s Silver Jubilee – Johnny Rotten and his fellow Pistols managed to spur just a little foaming outrage with their tune “God Save The Queen” by suggesting – in relation to her Royal Highness – that “there’s no future, no future, no future for you.” While these young punks […]