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HOW Green Central Planning And Big Government Has Destroyed Australia’s Electricity Market

“We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” – Warren Buffett

“Suggesting that renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.” – James Hansen (The Godfather of global warming alarmism and former NASA climate chief)

Renewable energy technologies simply won’t work; we need a fundamentally different approach.” – Top Google engineers

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AUSTRALIA’S once key economic advantage and proud boast of having the cheapest power prices in the world has been sacrificed at the altar of climate change by its politicians’ obsession with global warming theory and subsequent mad rush into large-scale unreliable ‘energy’ sources – wind and solar.

BIPARTISAN appeasement to the UN climate gods has come at a major cost to Australian businesses and households, now exposed to some of the highest power prices in the world, South Australia officially the highest.

 

JUST as socialist central planning failed miserably before it was replaced by free market economies, green central planning will have to be discarded before Australia will see a return to energy security and competitive pricing.

TWO must read articles via the IPA and Australian columnist Chris Kenny, exposing the entirely man-made energy crisis that is crippling industry and eroding the living standards of everyday Australian’s…


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The Destruction By Government Of Australia’s Electricity Market

Throughout the western world over the last 20-30 years in particular, we have witnessed the tightening hand of the state, which has become ever more bold in insisting where and how we live, who we can work for or employ, what we can say and think, whose car we can get into, whose home we can stay in, and what we’re allowed to put into our mouths.

But these remarks are about how government intervention has destroyed the electricity market in Australia and throughout much of the western world, and what it means for personal and economic liberty, now and in the future.

Let me start by outlining what a market should be, and how it should work with electricity.

A real market is simply a place where consumers and producers meet, and agree on a price and means to satisfy consumer demand.

A real electricity market is one open to all fuel technologies – coal, gas, uranium, wind, water or the sun. Where producers compete to grow market share and increase their profit based on efficient production, with all consumers – household and business – the winners.

Read the rest of this entry »

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Energy Security Australia – McCrann: Prime Minister Turnbull’s Electricity Plan Will Fry The Liberals

ONE of the great political parties of the world – the (once-conservative) Liberal Party, destroyed by a globalist, hard-Left, climate zealot PM – Malcolm Turnbull…

PA Pundits - International

By Andrew Bolt ~

Background:

This recently released policy for the ongoing security of electrical power generation here in Australia is drawing criticism from virtually every quarter, and that reflects back onto the Prime Minister, Malcolm Turnbull. Where you see the word ‘Liberal’ here, this refers to the Major Coalition partner in the Australian Government, The Liberal party of Australia, and that party is the largest political party from the Conservative side of the political fence here in Australia…..TonyfromOz.

Australia’s Minister For The Environment And Energy Josh Frydenberg And Prime Minister Malcolm Turnbull

(Andrew Bolt continues)

Terry McCrann:

Malcolm Turnbull and Josh Frydenberg have made a deliberate decision to lose the next election and to lose it badly. The rest of the joint party room voted to endorse the decision, an indeterminate number of Liberal and National members voting for an early retirement.

This is the irresistible and even more…

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Over 100,000 People in Green Energy South Australia Now Receive Food Donations

“Mainstream politicians who put the green religion ahead of constituents struggling to feed their families, like the green leaning socialists currently presiding over South Australia’s misery, will have an increasingly difficult time winning elections in Australia.”

AUSTRALIA’S unreliable-energy crisis – entirely man-made, by climate theory-obsessed politicians from both sides of the aisle and a compliant mainstream media.

WATCH the rise of the true conservative parties at the next election – Pauline Hanson’s “One Nation” and especially, Cory Bernardi’s “Australian Conservatives”.

Watts Up With That?

Guest essay by Eric Worrall

Power prices in the Australian Renewable Energy Paradise of South Australia have driven 102,000 South Australians to beg for help from food charities, according to a major South Australian Newspaper.

More than 102,000 South Australians seeking food donations, forced to skip meals to pay bills

Liz Walsh, Sheradyn Holderhead, The Advertiser
October 15, 2017 11:31pm

MORE than 102,000 South Australians seek help from food charity Foodbank every month, as parents skip meals for days on end so children can eat and utility bills can be paid, astonishing figures show.

About one quarter — or 26,877 — of those seeking food assistance are children.

The alarming figures have been released today in Foodbank’s 2017 Hunger Report, which also shows that demand from South Australians needing food has increased 21 per cent over the past 12 months, up from 84,847 last year and 56,000 the year before.

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RET Driven Power Price Hike Bites: Cost of Australia’s Renewable Energy Madness Crushing Consumer Confidence

“The outlook isn’t encouraging either, with the full effect of higher energy bills yet to be felt,” said Capital Economics chief economist Paul Dales.”

FEAR NOT! The (inept) Turnbull Governments’ latest solution to Australia’s electricity crisis – to pay consumers for turning their AC off during summer for a $25 voucher – should save the day…and their government. Not!

More fake fixes to a fake catastrophe.

Stupidity on steroids.

STOP THESE THINGS

Australian power consumers have just started opening their winter power bills, which are fully 20% higher than this time last year. By comparison, Australia’s underlying rate of inflation is around 1.5%.

The consequences for the economy, as a whole, are just starting to bite.

Restaurants, bars and retailers are copping it from both ends.

Business customers – often on retail power contracts with fixed prices for two or three years – are watching their power costs almost double, as they enter new contracts with prices fixed at the current rates.

And the customers who consume what these businesses hope to offer, have been forced to cut back on expenditure, simply to be in a position to pay their own rocketing power bills. Some might call it a vicious circle.

STT calls it a self-inflicted economic suicide.

Shoppers stay away as power costs bite
Adam Creighton
The Australian
6 October 2017

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A Totally Idiot Made Electricity Disaster

Energy Bill Shock Australia.jpeg

A MUST READ account by Australia’s most read columnist, Andrew Bolt, on the calamitous unreliable-energy disaster that has led to Australia witnessing unprecedented statewide blackouts and, officially, the most expensive power in the world.

This is one of the greatest disgraces of public policy. What makes it worse is that some of the politicians responsible have known that the global warming scare is wildly exaggerated and most know that dismantling our coal-fired power stations actually makes no difference anyway.

This is close to criminal.

Bill shock pain, created by virtue signalling politicians aiming to appease the UN climate gods.

Insanity.

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via Herald Sun :

Andrew Bolt: Idiocy fuels our energy policies

 

It takes world-class idiots to give Australia not just world-record electricity prices, but blackouts, too.

Your bills have doubled in a decade and the Australian Energy Market Operator (AEMO) on Wednesday warned of summer shortages.

You think “idiot” is too strong? Then how could a country with huge resources of coal, gas and uranium run short of electricity?

How could AEMO now warn that “we face an increasing and unacceptable risk that there will be insufficient capability in the system”?

“Unacceptable” hardly begins to describe what we’ve done, driven by irrational superstitions and green scares.

It was already “unacceptable” that we banned nuclear power here, despite exporting uranium for some of the 449 nuclear plants overseas that safely produce more than 10 per cent of the world’s electricity.

It is also “unacceptable” that we’ve now banned fracking for gas in Victoria, Northern Territory, Western Australia and much of NSW, also thanks to unscientific green scares. Our Chief Scientist says this technology is “completely safe” when well regulated and it’s been used in the United States to unlock such vast new supplies of cheap gas that it’s driven down prices and made the US self-reliant on energy.

So for no sane reason we’ve banned two major sources of electricity. But even more “unacceptable” is that we’ve decided that coal — our biggest source of all — should also be banned.

Coal-fired stations produce 73 per cent of our electricity and the cheapest and most reliable. Yet activists convinced politicians these stations were heating the world dangerously by releasing lots of carbon dioxide, the gas which feeds plants. Never mind that the world has, in fact, barely warmed over the past two decades.

Coal Fired Power

Coal-fired stations produce 73 per cent of our electricity and the cheapest and most reliable.

Never mind that the predicted disasters have not occurred, either: cyclones haven’t got worse, our dams have not drained and harvests have not shrunk. And never mind that Australia’s emissions are so small that nothing we do will change the world’s temperature.

In fact, anyone mentioning those facts is screamed down as a “denier”.

But the ultimate act of idiocy was when governments helped to destroy our coal-fired stations without ensuring we’d still have enough power, cheap and steady.

In South Australia, the Labor government forced shut its last two coal-fired stations with green policies making people use more wind power instead. The blowing up of the last station, Northern, was actually celebrated in a video distributed by a public relations company.

Yes, proud to be nuts.

The thing is, wind power is so expensive and unreliable that South Australia has since suffered two huge blackouts and has the world’s most expensive electricity. That’s driven businesses broke, including, ironically, a plastics-recycling company. Now, terrified of even more blackouts, the government has bought nine diesel turbines as backup for its wind farms.

Doesn’t all that qualify as idiotic?

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Wind power is so expensive and unreliable that South Australia has since suffered two huge blackouts and has the world’s most expensive electricity. Generic picture: iStock

Or take Victoria. This year, it forced shut the giant Hazelwood coal-fired station, responsible for 20 per cent of the state’s electricity.

The Andrews Government had made the station too expensive to run or upgrade by setting renewable energy targets to make Victorians switch to heavily subsidised wind power. In a final blow, it tripled the tax on the coal Hazelwood used, so the station shut, 700 jobs were lost and power prices spiked.

CALL FOR STATE GOVERNMENT TO BUY HAZELWOOD POWER STATION

TAXPAYERS TO SHELL OUT $350M FOR ANDREWS’ ENERGY PLAN

More closures are coming as federal Labor scares off owners and investors by promising to force Australians to take 50 per cent of their energy from wind, solar and the existing hydro power.

Owners of coal-fired generators say they now can’t justify spending hundreds of millions of dollars to upgrade their ageing plants, let alone invest in new ones.

Result: the giant Liddell power station, Australia’s third biggest, is set to shut in 2022, despite frantic offers by the Turnbull Government to help keep it running for another five years.

What a brutal wake-up from the airy dreams of Kevin Rudd, who as Labor leader claimed cuts to emissions would cost us peanuts, “something like $1 per person per year”. In fact, electricity prices last month alone jumped by between 16 and 20 per cent.

Hear from the power distributors what’s driving up your bills. Energy Australia blames “higher generation, general business and government green-scheme costs”, including costs caused by closing the Northern and Hazelwood stations.

AGL blames “high gas prices and limited gas availability on the East Coast, the closure of ageing coal-fired generators and an uncertain policy environment”.

Yes, our electricity crisis is entirely man-made. Idiot-made, actually.

So when will this idiocy stop? Or is this the start of Australia’s decline?

Andrew Bolt writes for the Herald Sun, Daily Telegraph, and The Advertiser and runs Australia’s most-read political blog. On week nights he hosts The Bolt Report on Sky News at 7pm and his Macquarie Radio show at 8pm with Steve Price.

Read more excellent articles from Andrew Bolt’s Blog . http://blogs.news.com.au/heraldsun/andrewbolt/

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Energy Poverty Australia Related :

World Coal-Fired Power Surge Related :

Unreliable Energy Related :


The Cost Of Going Green: Taxpayers Hit With A $60Bn Power Bill

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The cost of a renewable energy push has been revealed | The Australian

“We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” – Warren Buffett

“Suggesting that renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.” – James Hansen (The Godfather of global warming alarmism and former NASA climate chief)

Renewable energy technologies simply won’t work; we need a fundamentally different approach.” – Top Google engineers

***

UPDATE on the cost to the taxpayer of politicians crazed obsession with global warming theory and the green faith, leading to the mad push for renewable unreliable energy.

Via The Australian :

Taxpayers will have paid more than $60 billion through federal renewable energy subsidies by 2030, about twice what the crumbling car industry received over 15 years and enough to build about 10 large nuclear reactors.

The government’s large and small-scale renewable energy ­targets, which will compel energy retailers to buy 33 terawatt hours of wind, solar and hydro energy by 2030, will deliver about $45bn of subsidies to renewable energy producers over 20 years, according to analysis by The Australian.

The grab bag of direct subsidies from the Australian Renewable Energy Agency and the Clean Energy Finance Corporation — which have spent or lent concessionally, respectively, $870 million in grants since 2010, and $4.3bn since 2013 — are on top of that.

Meanwhile, the proposed clean energy target arising from the government’s Finkel review, would mandate a further 33TWh of ­energy from renewable sources, costing an extra $11.3bn over the 10 years to 2030.

Government MPs yesterday sounded the alarm over the subsidies and called for clarity over government plans for a new coal-fired power station.

The chairman of the Coalition backbench committee for energy, Craig Kelly, described the costs of the subsidies as an “appalling waste” resulting from an “ideological rush to renewables”.

“No one will ever be able to compute the full opportunity cost of the alternate productive assets that this capital could have been invested in,” Mr Kelly said.

“We already have some of the highest electricity prices in the world. And what industry will we still have if we go down this track?”

Victorian Nationals MP Andrew Broad, chairman of the standing committee on the environment and energy, said the RET should be scrapped to allow renewables to compete on merit.

“To spend all that money and still have expensive power prices means the settings are all wrong,” Mr Broad said.

The Productivity Commission found the automotive industry received the equivalent of about $30bn of industry assistance between 1997 and 2012. It estimated up to 40,000 people might lose their jobs following the withdrawal of Toyota, Holden and Ford as carmakers in Australia, including job losses along the supply chain.

The 39 renewable energy projects under construction or being completed this year have created 4400 jobs, according to the Clean Energy Council’s latest figures.

ACIL Allen Consulting chief executive Paul Hyslop yesterday told a parliamentary inquiry that it was more cost-effective to hold off any investment decisions in low-emissions technologies under renewable energy schemes until the “last possible minute”.

“Solar costs have probably fallen 75 to 80 per cent in the last six or seven years,” Mr Hyslop told the energy and environment committee. “If we had not done anything seven years ago and today we then did all those things, we could have … two to three times as much solar (energy generation) in roofs for the same amount of investment over that period.

“If you think that the cost of ­renewables and low-emissions technology is falling rapidly, absolutely put it off for as long as possible.”

The Victorian government last week announced a 25 per cent RET by 2025, following South Australia’s 50 per cent target by 2025 and a 100 per cent target in the ACT.

Economist Geoffrey Carmody, a founder of Deloitte Access Economics, suggested solving the “trilemma” of low-emissions, reliable and low-cost energy should include nuclear power. The South Australian royal commission into nuclear power put the cost of a large-scale nuclear reactor at $9.3bn.

“If we sweep nuclear energy off the table in favour of renewables, achieving these three conflicting objectives with one instrument — renewable energy — is numerical nonsense,” Mr Carmody said.

Australia is the only G20 country to have banned nuclear power.

Mr Broad suggested yesterday that to provide investment certainty, the government could consider setting a higher emissions intensity threshold of 0.9 tonnes of carbon dioxide per megawatt hour as part of any clean-energy target for some projects — the terms of which could be reviewed after a set period of eight to 10 years.

“I think we’ve got to do something to create certainty in the market,” Mr Broad said.

He said a lower threshold of 0.6 tonnes — the scenario modelled by chief scientist Alan Finkel in his review into the national electricity market — would not cover a new coal-fired power station, although Dr Finkel has said the difference between the two thresholds would “not be substantial”.

The construction of a new 1000MW high-efficiency, low-emissions coal-fired power station has been estimated at $2.2bn according to an analysis compiled by power and energy specialists GHD and Solstice Development Services.

It found such a plant would deliver the cheapest electricity on the market.

Malcolm Turnbull this week opened the door to using finance from a $5bn federal infrastructure fund to help build a coal-fired power station.

Mr Kelly said yesterday a decision on a new plant needed to be made urgently because the 45-year-old Liddell coal-fired power station near Muswellbrook, NSW, was scheduled for closure in 2022 and it would take at least five years to build a new plant. He said it made sense for any new coal-fired power plant to be built in NSW instead of Queensland.

Queensland LNP leader Tim Nicholls is pledging to fast-track a project using the latest high-energy low-emissions technology to be built and run by the private sector.

“We basically need a decision on that by early next year,” Mr Kelly said. “A HELE plant would favourable.”

The cost of going green: taxpayers hit with a $60bn power bill | The Australian

 

Former Labor Party minister, Graham Richardson, on the money:

Every sector in our economy is struggling to cope with [electricity] prices that have almost doubled during the past five years … For the past few years many pensioners have sacrificed heat in winter and airconditioning in summer. Now low to middle-income families are frantically trying to reduce their power bills as well.

While all of this is happening, our Prime Minister sits down with the chiefs of the electricity companies to ask them to be nice to their clients and offer them the cheapest possible options. The problem is that in a free-market capitalist economy, private business is supposed to maximise profits for shareholders. I, for one, will not hang by the neck waiting for my friendly electricity retailer to offer me a way of paying them less. Surely Malcolm Turnbull has got something better to do to fill in his diary.

Andrew Bolt:

What a colossal waste – and to think that simply building the reactors would have given us more reliable power, too: “Taxpayers will have paid more than $60 billion through federal renewable energy subsidies by 2030, … enough to build about 10 large nuclear reactors.

$60 BILLION OF WARMIST WASTE | Herald Sun

Billions and billions more of taxpayers hard-earned money wasted on fake fixes to a fake catastrophe.

Insane.

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Related :


THE $Trillion Windmill Industry Is The Greatest Scam Of Our Age

Wind Insanity.jpg

AUSTRALIA is in the midst of an electricity disaster thanks to its global warming madness.

In South Australia, the wind farms have failed causing statewide blackouts.

In Victoria, electricity prices have shot up by around 20 per cent from January, and doubled in a year, thanks to the closure of the “dirty” coal-fired Hazelwood plant.

Business is panicking with jobs decimated, business confidence shattered, investment stifled.

With the closure of Victoria’s Hazelwood plant in April, Victorians are going to get a taste of what their South Australian neighbours have been living with for years: routine load shedding and mass blackouts.

If electricity consumers were not already being squeezed by the closure of Victoria’s coal burning Hazelwood power station, an extraordinary lack of wind in the past few months has certainly compounded the problem.

  • Wind generation is down 40pc on this time last year and 30pc on the December quarter of 2016
  • The wind stopped blowing at the same time the Hazelwood plant closed down, exacerbating price hikes

Infigen Wind Production

PHOTO: Infigen Energy’s production is down 40 pc on a year ago due to the lack of wind. (Supplied: Infigen Energy)]
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Herald Sun’s Andrew Bolt with more:

Here is a terrible example of the madness of building an electricity system on the assumption that the wind would always blow.

 

If electricity consumers were not already being squeezed by the closure of Victoria’s coal burning Hazelwood power station, an extraordinary lack of wind in the past few months has certainly compounded the problem.

The large wind-focussed generator, Infigen Energy has been forced to downgrade its full-year profit forecast due to what it says has been the least windy period it has endured put its current capacity together in 2012.

“Production for the 4th quarter is expected to be … approximately 40 per cent below the previous corresponding period and 30 per cent below the historical 4th quarter average,” it told investors in a statement to the ASX.

Principal at energy consultants ITK, David Leitch says … “Prices are currently around $90 per kilowatt hour (kwh) when they would be typically be around $75kwh…”

And, remember, all this pain is for zero gain to the climate, as the Chief Scientist admitted in Senate committee hearings (MUST SEE):

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(Click link/Image to Play)

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UPDATE

The Wind Gods punish Infigen … again and again…!

Shock, Horror! Wind Power Output Depends on Wind: Infigen Blames ‘Lack of Wind’ for Losses

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July 3, 2017 by

Australia’s publicly funded, green-left megaphone, the ABC has a hard time dealing with tough things like facts and consequences. So it must’ve been a rude shock to find out that the fortunes of wind power outfits depend upon … ahem … the weather.

Lack of wind a big blow for Infigen
ABC News
Stephen Letts
23 June 2017

If electricity consumers were not already being squeezed by the closure of Victoria’s coal burning Hazelwood power station, an extraordinary lack of wind in the past few months has certainly compounded the problem.

The large wind-focussed generator, Infigen Energy has been forced to downgrade its full-year profit forecast due to what it says has been the least windy period it has endured put its current capacity together in 2012.

“Production for the 4th quarter is expected to be … approximately 40 per cent below the previous corresponding period and 30 per cent below the historical 4th quarter average,” it told investors in a statement to the ASX.

“The current quarter is expected to include two of the lowest production months for Infigen’s current Australian operating assets.”

Infigen’s 4th quarter started on April 1, a few days after Hazelwood closed.

Principal at energy consultants ITK, David Leitch says he is not surprised given the recent weather pattern on the east coast.

Unfortunately, it has played a part in the recent spike in wholesale power prices,” Mr Leitch said.

“Prices are currently around $90 per megawatt hour (MWh) when they would be typically be around $75MWh,” Mr Leitch observed.

Full article…

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