Subsidised and intermittent wind and solar infiltrate and destroy power grids like an aggressive cancer. But, unlike cancer, the cause of Australia’s power pricing and supply debacle is precisely known, and was as perfectly predictable, as it was perfectly avoidable.
The massive subsidies to wind and solar were deliberately designed to knock reliable and affordable generators off the grid. This they have done – with a vengeance. With a grid literally on the brink of collapse, the political brains trust are trying to undo what their policies were destined to do, with desperate moves to keep Australia’s remaining coal-fired power plants up and running using “capacity payments” – ie taxpayer subsidies paid to the owners of coal-fired plants as an antidote to the $7 billion in annual RET subsidies already being pocketed by wind and solar generators, that allow them to underbid Australia’s based load generators.
STT predicts that we…
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