In another, ‘we told you so’ moment, retail power prices in Australia will jump by 20% to 30% in June, following annual, double-digit increases every year, for the best part of a decade (see above).
$60 billion in subsidies (so far) to chaotically intermittent wind and solar was designed to wreck our conventional coal-fired power generation fleet, and true to purpose, that’s exactly what happened.
Now, politicians are working out cannot simply conjure up electricity out of nowhere; and you certainly can’t do it by praying to the wind and sun gods.
A few of them are retreating from their earlier plans to permanently shut down and wreck large coal-fired generating plants, recognising that the proles will be less than pleased. Pain a king’s ransom for power and then being left freezing in the dark is unlikely to be met with amusement among potential voters.
We’ll start with a…
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