No Way Back From RE Disaster: Energy Minister Abandons Australia’s Power Consumers

STOP THESE THINGS

What passes for political leadership in this country is engaged in a wind and solar-fuelled economic suicide mission. Subsidies to grid wrecking wind and solar (when soft loans, green schemes and taxpayer handouts are added) are pushing $5 billion a year, punishing households and businesses alike.

As wind and solar power capacity increases, power prices are rocketing out of control and major energy users are being chopped from the grid whenever the sun sets – killing solar – and sudden bursts of calm weather cause precipitous wind power output collapses.

And yet, Australia’s Energy Minister, Josh Frydenberg continues to act as if nothing’s wrong. Gormless doesn’t cover it.

Exasperation and desperation are giving way to anger and fury. As Alan Moran details below.

Energy policy, price escalation and the destruction of industry competitiveness
Catallaxy Files
Alan Moran
8 June 2018

For some in Australia, the renewable rich UK electricity market…

View original post 734 more words

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This entry was posted in applied price theory on by .

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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