Renewables Rip-Off: Despite $4 Billion in Annual Subsidies, Wind & Solar Delivers a Trivial 2% of Australia’s Power Demand

STOP THESE THINGS

In any bargain, those stumping up their own cash, tend to ask what they’re getting in return. When it comes to the billions in subsidies thrown at windmills and solar panels, the answer is: not much.

Including domestic, rooftop solar annual subsidies to wind and solar add up to a staggering $4 billion. The cost of which is added directly to retail power bills. The greatest government mandated rort in the history of the Commonwealth, started in 2001 and runs until 2031.

Now, the value minded might forgive the scale and duration of that forced ‘largesse’, if there were a commensurate increase in the output said to be drawn from nature’s wonder fuels, sunshine and breezes. Except, as David Bidstrip points out, the combined contribution of wind and solar generation to Australia’s energy demand remains risible, and little more than a rounding error.

Money for nothing
Catallaxy Files
David…

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