Blind panic doesn’t cover it: Australia’s energy crisis has MPs and rent-seekers running around like chooks with their heads cut off. Retail power prices (see above) have jumped anywhere between 20 and 28% in the last 12 months, in those states with major wind and solar capacity – adding to 13-20% increases, the previous year. Energy … Continue reading Descent Into Chaos: Australia’s Renewable Energy Policies Implode As Power Prices Rocket Out of Control
Tag: Why are power prices so high
Rent-Seeker’s Nirvana: Ultra-Rich Pocket $Billions in Wind & Solar Subsidies at Our Expense
The hundreds of $billions paid in subsidies to intermittent wind and solar constitute the largest wealth transfer in economic history. In Australia, the Federal Government’s Large-Scale RET gouges $60 billion from power consumers over the life of the scam, and redirects it to such worthy outfits as AGL and our favourite whipping boys, Infigen. In the … Continue reading Rent-Seeker’s Nirvana: Ultra-Rich Pocket $Billions in Wind & Solar Subsidies at Our Expense
Energy Minister Under Siege: Australian Businesses Refuse to Shut Down During Wind Power Collapses
Business operators have just worked out that Australia’s renewable energy policies are deliberately designed to destroy them. Concepts such as ‘demand management’ (state-ordered deliberate blackouts) are the natural result of seeking to run an entire economy on sunshine and breezes. This country wouldn’t be debating Josh Frydenberg’s National Energy Guarantee, the Australian Competition & Consumer … Continue reading Energy Minister Under Siege: Australian Businesses Refuse to Shut Down During Wind Power Collapses
Bureaucrats Backtrack: ‘Transition’ to Wind & Solar Now Deemed Impossible Before 2040
Suddenly, came the realisation that subsidised wind and solar will never replace Australia’s coal-fired power plants. The idea that they ever could was, of course, a perfect nonsense. Talk about being ‘technology agnostic’, ‘inevitable transitions’ and wind and solar actually ‘competing’ with coal, gas and hydro, say more about the protagonist’s state of mental health, … Continue reading Bureaucrats Backtrack: ‘Transition’ to Wind & Solar Now Deemed Impossible Before 2040
Power Politics: Rocketing Power Prices Demand Immediate End to Wind & Solar Subsidies
The causes of Australia’s self-inflicted renewable energy disaster are all political; and have nothing to do physics, engineering, the weather or some kind of fossil-fuelled conspiracy. The policies were deliberately designed to destroy Australia’s affordable and reliable power supplies. And, according to their purpose, they’ve done just that. Last week, the Australian Competition & Consumer … Continue reading Power Politics: Rocketing Power Prices Demand Immediate End to Wind & Solar Subsidies
Wind & Solar Subsidies Caused Australia’s Power Crisis: Salvation Means Slashing Them Now
The adults have just taken control of Australia’s renewable energy debacle: the ACCC’s investigation into RE subsidies and power market gaming spells the end for subsidised wind and solar. As STT has pointed out on more than one occasion: when a policy is unsustainable it will either collapse under its own imponderable weight, or its … Continue reading Wind & Solar Subsidies Caused Australia’s Power Crisis: Salvation Means Slashing Them Now
Only Solution to Australia’s Power Crisis: Cutting Subsidies to Intermittent Wind & Solar – Right Now
Fixing Australia’s power pricing and supply calamity means slashing subsidies to wind and solar: not in 2020, not in 2030, but right now. For the wayward and confused, it’s always important to remember that a straight line is the shortest, and often the safest, route home. Australia’s self-inflicted energy crisis started out with massive subsidies … Continue reading Only Solution to Australia’s Power Crisis: Cutting Subsidies to Intermittent Wind & Solar – Right Now
Generators Game Power Market Around Wind & Solar Output Collapses: Spot Prices Routinely Hitting $14,000/MWh
Australia’s self-inflicted power crisis has reached the point of full-scale disaster, with only one way out: killing subsidies to wind and solar. Australia’s competition watchdog, the Australian Competition & Consumer Commission has finally said what politicians are either too timid or too witless to even think. The chaos that’s been caused in the National Energy … Continue reading Generators Game Power Market Around Wind & Solar Output Collapses: Spot Prices Routinely Hitting $14,000/MWh
Pumped Hydro Pipe-Dreams: Why Using Wind Power to Pump Water Uphill is Economic Nonsense
Australia's obsession with wind and solar is literally destroying its economic future. Instead of clambering out of the hole, Malcolm Turnbull and Josh Frydenberg just keep on digging. The patrician and aloof Malcolm Turnbull has become a political parody. At a time when a Prime Minister ought to be outraged at the wholesale destruction of businesses and … Continue reading Pumped Hydro Pipe-Dreams: Why Using Wind Power to Pump Water Uphill is Economic Nonsense
Outing Nature’s ‘Outages’: Chaotic Wind Power Output Drives Rocketing Australian Power Prices
Australia’s Energy Minister, Josh Frydenberg has just bagged the Pinocchio Award for his continued line about falling power prices. Instead of retail relief, power consumers have been whacked by jumps of between 20 and 28% this year, on top of 20% increases, last year. The reason for rocketing power prices is the ‘behaviour’ of generators, … Continue reading Outing Nature’s ‘Outages’: Chaotic Wind Power Output Drives Rocketing Australian Power Prices
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