Finkel’s Fantasyland: Report to ‘Save’ Australia’s Power Grid From Renewables Chaos a Death Sentence for BusinessPosted: June 11, 2017
“And here’s a very important warning: beware modellers who tell you that, in the best-case scenario, electricity prices could actually fall. Tell that to the householders who face power price rises of between 20 and 30 per cent in parts of Australia.”
Garbage in, garbage out is the key reason to distrust the modelling, as well as the riding instructions given to compliant modellers. They are happy to adjust assumptions, often in hidden ways, to achieve the desired result…”
Sounds a lot like the overheated UN CMIP5 climate models – 102 ensembles which have failed dismally to model observed reality with regard to the current global warming “pause”. That ever inconvenient warming “hiatus” now nearing two decades despite record “CO2” emissions over the same period!
In yesterday’s post we described Alan Finkel’s report on Australia’s power market fiasco as a mixture of Lewis Carroll’s ‘Through the Looking-Glass’ – residing in a place where the fundamentals of physics and economics, logic and reason are playfully and permanently suspended – and Goldilocks – the story about an infantile quest to make sure everything the heart desires is ‘just right’ – another lovable, childish fantasy.
After the report was released, commentators and barrackers set to work attempting to find something resembling common sense amongst its musings.
Alas, the report’s recommendations (available here), were they to be implemented, would guarantee the destruction of what remains of Australia’s reliable and affordable power supplies, albeit at a somewhat slower pace than is already guaranteed under the Large-Scale RET. South Australia has already been written-off; Finkel uses it as ‘case…
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