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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

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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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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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Related :


Wind Power Chaos Promises to Deliver Mass Summer Blackouts Across Australia

“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.”

The mind boggles for SA who are going to incur more mass blackouts, if that’s possible, with the closure of Hazlewood which provided 25% of SA baseload power. Backup coal-fired power from Victoria, on demand, when the wind stopped blowing or it was night time and the SA solar panels went to bed.

It’s gonna be one hell of a summer in southern Australia. Actual lives are now at risk thanks to reckless, feckless, feel-good “global warming” policies ! 🔥

STOP THESE THINGS

The only businesses which are bouncing along in South Australia are those selling portable diesel generators, candles and LED headlamps.

The sort of staple items you might find on a Doomsday Prepper’s list. However, in Australia’s so-called wind power capital, BYO and DIY power and lighting are everyday essentials.

SA’s vapid Premier, Jay Weatherill pretends that he has everything under control. Australia’s Energy Market Operator clearly thinks otherwise.

AEMO warns of more blackouts
The Australian Financial Review
Mark Ludlow and Angela MacDonald-Smith
15 June 2017

Australia is at risk of more blackouts next summer despite new initiatives from energy regulators and governments, according to forecasts from the Australian Energy Market Operator.

The AEMO report to be released on Thursday also warns the looming gas shortage – which resulted in Prime Minister Malcolm Turnbull declaring an “energy crisis” – could still occur if too much gas was exported overseas.

With federal…

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Daily Telegraph: There is No Such Thing as Affordable Renewable Energy

“The biggest deniers in the whole climate change debate are those who think we can have affordable power, lower emissions and a reliable network.”

Peta Credlin for PM! Spot-on, again.

Watts Up With That?

EAPI represents the average commodity price of retail electricity paid by Australian businesses based on a Standard Retail Contract (commences in 6-months and operates for 2½ years). EAPI represents the average commodity price of retail electricity paid by Australian businesses based on a Standard Retail Contract (commences in 6-months and operates for 2½ years). Source Energy Action

Guest essay by Eric Worrall

Awareness is slowly permeating through the media that renewables inevitably lead to higher electricity prices – and that the Australian energy grid is in deep trouble. But this awareness is too little, too late, to save what is left of what was once one of the cheapest electricity grids in the world.

Climate change zealots need to get real

Peta CredlinJune 18, 2017 12:00am

WELL, now we know.

The biggest deniers in the whole climate change debate are those who think we can have affordable power, lower emissions and a reliable network.

We can’t.

And after they almost sleepwalked their way to defeat at the last election, it would appear Coalition MPs have found their…

View original post 509 more words


Power Prices Skyrocket

Turnbull (Australian “conservative” PM) green policies make energy unaffordable…

Australian Climate Madness

Turnbull policies make energy unaffordable

Who cares that fewer and fewer people in Australia can afford this most basic necessity? At least we’re saving the planet, right?

Actually no, since nothing Australia does makes any difference to the global climate. It just appeases the idiotic Green/Left activists, while India and China burn cheap coal to their hearts’ content.

The Australianhighlights ($) the continuing price rises for electricity and gas:

About three-quarters of households and businesses on the east coast and South Australia face substantial increases in power bills from next month, after Origin Energy announced price rises for electricity and gas.

Origin, the biggest of the three major generators and retailers, confirmed the pressure on wholesale prices from a historic lack of investment in new baseload generation capacity. AGL Energy and EnergyAustralia also announced price rises in recent days.

NSW, which came close to blackouts amid soaring temperatures in…

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South Australia’s Repeated Wind Power Blackouts Force Retreat to Fossil-Fuels: Base-load Gas Plant Ordered to Run Constantly

So, it took job losses, heavy-industries to close and relocate, fuel poverty, economic ruin, environmental destruction, bird and bat slaughter, infrasound health atrocities, numerous multi-million dollar blackouts and the internationally famous September statewide blackout, not to mention the international trashing of SA’s business reputation for Australia’s climate-obsessed Government(s) to finally realise that *fossil fuels* are the ONLY genuine source of reliable baseload energy?!

What a disastrous joke the windmill and solar-panel experiment has truly become.

But fear not! Wind weasels and the eco-brainwashed will press on and most likely double-down on their insistence for “unreliable” energy sources in their religious quest to “SAVE THE PLANET”. Even if saving-the-planet means being 100% reliant on fossil fuels – the very energy source they despise!

Let that sink in for a minute.

STOP THESE THINGS

jay weatherill AEMO prescribes gas for Jay Weatherill’s fatal case of wind.

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Clueless and desperate, Australia’s political leaders are fiddling while Rome continues to burn.

The calamity that is South Australia’s self-inflicted power pricing and supply chaos, threatens to spread across state borders like a malignant tumour.

While State Labor governments in Queensland and Victoria continue to talk the talk about their desire to carpet their states with tens of thousands of these things, it’s apparent that they’re not so keen to walk the walk.

Rocketing power prices, routine load shedding and statewide blackouts have not only rendered South Australia an international laughing stock, but make it a prescient warning about what happens when ideology trumps common sense, market economics and sound engineering.

The politicised nonsense keeps spewing forth, however.  Twaddle about batteries providing some kind of solution; and pie in the sky waffle about building interconnectors that cost $billions and…

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Doomed to the Dark Ages: No Solution for South Australia’s Wind Power Blackouts

“Household electricity prices in Australia have risen by more than 40 percent between 2007 and 2012, the same period when the government offered lucrative wind subsidies. Power prices in Australian states with a lot of wind power are almost double the rates in other states.”

North Korea would be proud of Australia’s ‘green central planning’ model, leading to energy poverty and statewide blackouts.

We are living in the “dark” age of collective eco-insanity.

STOP THESE THINGS

australia-vs-north-korea

When a mass blackout thrusts your State onto the international stage, as an outrageous possibility, there just could be a little something wrong with your energy policy. Here’s the view from the USA.

Australia Has Serious Problems With Green Energy Triggering Blackouts
The Daily Caller
Andrew Follett
23 November 2016

South Australia is still struggling to figure out how to keep green energy from triggering blackouts and crashing the electric grid, according to an article published by Inverse Tuesday.

The Australian state invested heavily in solar and wind power, but those power sources’ inherent reliability issues place a massive strain on the state’s power grid, according to the article.

Australia’s Energy Council noted in early September that increasing use of solar and wind power in the state “has not only led to a series of technical challenges” but “also increased wholesale price volatility as the state rebalances its supply from dispatchable plant to…

View original post 1,457 more words