Rather close to the truth

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South Australia’s Wind Power Debacle: Supermarkets Sacking Staff, While Sales of Portable Generators Boom

STOP THESE THINGS

spot-price-sa-2017

Reliable, secure and affordable electricity is one of those things that the last few generations of Australians have largely taken for granted.

Not so in Australia’s so-called ‘wind power capital’, South Australia. These days, Croweaters count their blessings if power is delivered at all and count their pennies every time they’re hit with a power bill that is magnitudes greater than the last.

With a power supply to rival Equatorial Africa and retail prices more than double their neighbouring states, South Australians are at wits end. The first article from The Australian deals with the crashing economic impact that South Australia’s rocketing power prices are having on business, while the second details the kind of DIY spirit that’s needed in a State obsessed with its attempt to run on sunshine and breezes.

Supermarket staff cut to absorb $2.5m rise in power costs
The Australian
Meredith Booth
10 February 2017

One…

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Australia’s electricity market is not agile and innovative enough to keep up

The Logical Place

The Conversation

Hugh Saddler, Australian National University

On the early evening of Wednesday, February 8, electricity supply to some 90,000 households and businesses in South Australia was cut off for up to an hour. Two days later, all electricity consumers in New South Wales were warned the same could happen to them. It didn’t, but apparently only because supply was cut to the Tomago aluminium smelter instead. In Queensland, it was suggested consumers might also be at risk over the two following days, even though it was a weekend, and again on Monday, February 13. What is going on?

The first point to note is that these were all very hot days. This meant that electricity demand for air conditioning and refrigeration was very high. On February 8, Adelaide recorded its highest February maximum temperature since 2014. On February 10, western Sydney recorded its highest ever February maximum, and…

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Shocker: Paul Krugman Makes a Sensible and Accurate Observation about Tax Policy

International Liberty

I’m not the biggest fan of Paul Krugman in his role as a doctrinaire advocate of leftist policy (he used to be within the mainstream and occasionally point out the risks of government intervention in his former role as an academic economist).

It’s not just that he believes in big government. He also has an unfortunate habit of misinterpreting (the charitable explanation) data when advocating higher taxes and more spending.

  • In 2015, he cherry-picked job numbers to make it seem as if Obama’s policies were producing good employment data.
  • Earlier that year, Krugman asserted that America was outperforming Europe because our fiscal policy was more Keynesian, yet the data showed that the United States had bigger spending reductions and less red ink.
  • In 2014, he asserted that a supposed “California comeback” in jobs somehow proved my analysis of a tax hike was wrong, yet only four states at the…

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