Germany, Denmark, South Australia, California, the list of places that prove our headline grows by the day. The wind and solar cancer that saw South Australia suffer the country’s only statewide blackout and end up suffering the world’s highest power prices, bar none, quickly spread and has now taken hold across the entire Eastern Grid (which takes in Queensland, New Wales, Victoria and Tasmania as well as SA).
Wholesale power prices have more than doubled in the last six months; retail power prices are rising at double-digit rates each year – consumers face a minimum 18-20% jump in their power bills next month; and power rationing by postcode is the new normal, whenever the sun sets and/or calm weather sets in.
The last thing Australia needs is another MW of intermittent power generation, which means slashing subsidies to wind and solar, right now, re-engineering the electricity market and returning…
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