SUBSIDISED Wind & Solar Driving Australian Power Prices Through the RoofPosted: July 26, 2018
“And with an environment like that, we have some of the highest power prices in the world. It would be like the Eskimos having some of the most expensive ice per kilo bag at the service station, ridiculous. Like the Saudis having the world’s most expensive petrol, ridiculous. And here we are in Australia. Well, you know the story…”
Power prices matter: and they matter most to society’s poorest and most vulnerable.
In less than a dozen years, Australia went from enjoying the cheapest power in the world, to suffering the world’s most expensive.
In the last three years power prices have risen at double-digit rates: 20 to 24% last year and 13 to 20% the previous year in those states chasing renewable energy Nirvana: Subsidised Wind & Solar Driving Out-of-Control Power Prices: Business Hit With 24% Hike
It’s not just the $4 billion a year in subsidies and grants to wind and solar that are sending power prices through the roof – the subsidies in the form of Renewable Energy Certificates are added directly to retail power bills: Ticket to Oblivion: Australia’s $60bn Wind & Solar Subsidy Gravy Train Rolls Until 2031
The chaotic and intermittent delivery of wind and solar wreaks havoc to the orderly marketing of…
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