UNRELIABLES Rip-Off: Despite $4 Billion in Annual Subsidies, Wind & Solar Delivers a Trivial 2% of Australia’s Power DemandPosted: April 30, 2018
“Ex-Nationals senator Ron Boswell wrote in “The Australian” today, (19 April 2018), making the point that the RET is failing us and forcing electricity prices through the roof, putting ordinary folk in energy poverty and destroying businesses.
Total renewable MWh for the period and the associated subsidies are:
• Wind: 74,100,000 at $80/MWh = $5.93 billion.
• Hydro: 245,800,000 at $80/MWh = $19.7 billion
• Large PV: 614,000 at $40/MWh = $24.5 million.
• Small PV: 25,300,000 at $40/MWh = $1 billion.
The total extra cost to consumers is about $27 billion for 9% of the total consumption.”
BASED solely on output and reliability, without massive subsidies and government intervention, there would be no unreliable-energy ‘revolution’ to pad the egos of the climate-theory-obsessed, virtue-signalling politicians.
PRIVATE investors will not go near large-scale wind and solar. The German’s are learning this, hard and fast, right now >> http://joannenova.com.au/2018/04/bloodbath-in-the-german-solar-industry-without-subsidies-80000-solar-jobs-are-gone/
EXPECT more ‘green’ energy meltdowns as the subsidy crutch dries up.
In any bargain, those stumping up their own cash, tend to ask what they’re getting in return. When it comes to the billions in subsidies thrown at windmills and solar panels, the answer is: not much.
Including domestic, rooftop solar annual subsidies to wind and solar add up to a staggering $4 billion. The cost of which is added directly to retail power bills. The greatest government mandated rort in the history of the Commonwealth, started in 2001 and runs until 2031.
Now, the value minded might forgive the scale and duration of that forced ‘largesse’, if there were a commensurate increase in the output said to be drawn from nature’s wonder fuels, sunshine and breezes. Except, as David Bidstrip points out, the combined contribution of wind and solar generation to Australia’s energy demand remains risible, and little more than a rounding error.
Money for nothing
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