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ENERGY Regulator Report : Hazelwood Coal Plant Shutdown Drives Record Power Price Surge

wholesale electricity prices soaring

WELCOME to the Australia! The lucky country with the world’s cheapest energy sources that now boasts the world’s highest electricity prices!

ENERGY rationing has always been a key feature of the Left’s misanthropic agenda of depopulation deindustrialisation, enforced through punitive emissions controls, protected by the indisputable cloak of ‘climate change’ – the emotionally powered eco-cause engineered by the environmental movement in the 1970’s who realised that doing something about supposed catastrophic man-made global warming would play to quite a number of the Left’s social agendas.

STANFORD University and Royal Society’s resident global warming alarmist and population freak Paul R. Ehrlich spelled out the deindustrialisation objective with this attack on energy in 1976:

Giving society cheap, abundant energy would be the
equivalent of giving an idiot child a machine gun
.”

– Prof Paul Ehrlich, Stanford University/Royal Society

EHRLICH also wanted to poison black African’s in order to fight climate change. But, we’ll leave that conversation for another day. Ahem.

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FORMER Australian PM Julia Gillard, who implemented Australia’s ill-fated 2011 carbon tax, was open in expressing its core function to drive substantial changes in patterns of energy production and energy use.’

GILLARD’S ideology synonymous with another well known eco-doomsayer and the creator, fabricator and proponent of global warming – UNEP’s founding father Maurice Strong:

Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring that about?” – Maurice Strong, founder of the UN Environment Programme (UNEP)

Current lifestyles and consumption patterns of the affluent middle class – involving high meat intake, use of fossil fuels, appliances, air-conditioning, and suburban housing – are not sustainable.” – Maurice Strong, Secretary General of the UN’s Earth Summit, 1992.

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IN 2016, Victoria’s premier Dan Andrews took his State one step closer to Ehrlich and U.N. Strong’s energy-free utopia, with the closure of Hazelwood coal-fired power station, culling 22% of Victoria’s cheap, reliable energy supply and flipping the state from a power exporter to an importer.

COAL-fired power plant closures have become the order of the day for Australia’s virtue-signalling and global warming theory-obsessed political class who think that destroying the country’s industrial heartland, and imposing crippling energy-poverty on its citizens is a worthwhile price to pay for “saving the planet”.

THE result:

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Reported Plunge in Renewable Costs Prompts Aussie Government to Pull Subsidies

“Of course, if claims of renewable and energy storage cost parity with fossil fuels all turn out to be a pack of marketing spin, with market normality restored most existing Aussie renewables businesses will die by the invisible hand of Adam Smith.”

ADAM Smith’s hand has just become the most feared wrecking ball within the green centrally-planned ‘Unreliables’ industrial gulag!

VIVA LA Capitalism and free market forces to finally drive down the obscene cost of Australia’s green-spiked power bills.

Watts Up With That?

Guest essay by Eric Worrall

The Australian government is so impressed by the alleged plunge in renewable and battery storage costs they think it will no longer be necessary to subsidise renewables.

Coalition rethinks need for clean energy target as renewable cost plunges

The Turnbull government is rethinking the need to adopt a clean energy target, believing the rapidly falling cost of renewable energy means there may no longer be a requirement for subsidies.

In the keynote address to The Australian Financial Review National Energy Summit, federal Energy Minister Josh Frydenberg will highlight the falling costs of wind and solar energy, including battery storage capacity, as he stresses emissions reduction cannot come at the expense of reliability and affordability.

It is challenging but possible to simultaneously put downward pressure on prices and enhance the reliability of the system, while meeting our international emissions reductions targets,” he will…

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