Every country chasing the wind and solar ‘transition’ is suffering from a mix of power rationing and rocketing prices. There is no exception.
Which brings us to our sunny land, Australia.
Blessed with abundant reserves of coal, gas and uranium, it ought to enjoy the world’s cheapest power prices (20 years ago, it did).
Now, however, since the Federal government’s Renewable Energy Target ramped up in 2009, power prices have been increasing at double-digit rates, with much worse to come. Michael Crawford’s graph was drawn in 2018; retail power prices have close to doubled, since then.
Current predictions are that Australian retail power prices will jump a further 35%, next year, following the closure of more reliable coal-fired plants.
Just like California, Germany, Denmark and the UK Australia’s obsession with chaotically intermittent wind and solar has a price. And it’s hard-pressed households and battling businesses who end up paying it.
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