The Obscene Cost of Australia’s Renewable Energy Debacle

WINDMILLS and SOLAR PANELS “are being built only because government is forcing people to buy it. If renewable energy were as cheap as its advocates say, it shouldn’t need government to force people to buy it via various state and federal renewable energy targets [RET].”

ANOTHER top read via STT…

STOP THESE THINGS

What a difference a 20% year-on-year hike in retail power bills can make. Add in the South Australian experience of routine load shedding and statewide blackouts. Top it off with the threat of widespread blackouts this Summer; and not just confined to SA, but likely to send Victorians back to the Victorian age and New South Welshmen scrambling for candles, too, and you have an entire Country now obsessed about power.

In the face of a self-inflicted renewable energy debacle, all of a sudden, people who couldn’t tell the difference between baseload and their elbow have become energy experts, overnight. Pundits and commentators all think they have the answer.

Unlike the Johnny-come-latelys, The Australian’s Adam Creighton has demonstrated a pretty fair grip on the greatest Commonwealth mandated rort from the very beginning. Here’s Adam.

Come together, power suppliers
The Australian
Adam Creighton
11 September 2017

Adam Smith, the great free-market economist, might…

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UN IPCC : Climate “Has Almost Nothing To Do With Environmental Policy.”

UN IPCC.jpg

The UN IPCC doesn’t factor in the sun as a powerful driver of climate, because there’s no point in blaming something that wasn’t your fault.

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A Totally Idiot Made Electricity Disaster

Energy Bill Shock Australia.jpeg

A MUST READ account by Australia’s most read columnist, Andrew Bolt, on the calamitous unreliable-energy disaster that has led to Australia witnessing unprecedented statewide blackouts and, officially, the most expensive power in the world.

This is one of the greatest disgraces of public policy. What makes it worse is that some of the politicians responsible have known that the global warming scare is wildly exaggerated and most know that dismantling our coal-fired power stations actually makes no difference anyway.

This is close to criminal.

Bill shock pain, created by virtue signalling politicians aiming to appease the UN climate gods.

Insanity.

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via Herald Sun :

Andrew Bolt: Idiocy fuels our energy policies

 

It takes world-class idiots to give Australia not just world-record electricity prices, but blackouts, too.

Your bills have doubled in a decade and the Australian Energy Market Operator (AEMO) on Wednesday warned of summer shortages.

You think “idiot” is too strong? Then how could a country with huge resources of coal, gas and uranium run short of electricity?

How could AEMO now warn that “we face an increasing and unacceptable risk that there will be insufficient capability in the system”?

“Unacceptable” hardly begins to describe what we’ve done, driven by irrational superstitions and green scares.

It was already “unacceptable” that we banned nuclear power here, despite exporting uranium for some of the 449 nuclear plants overseas that safely produce more than 10 per cent of the world’s electricity.

It is also “unacceptable” that we’ve now banned fracking for gas in Victoria, Northern Territory, Western Australia and much of NSW, also thanks to unscientific green scares. Our Chief Scientist says this technology is “completely safe” when well regulated and it’s been used in the United States to unlock such vast new supplies of cheap gas that it’s driven down prices and made the US self-reliant on energy.

So for no sane reason we’ve banned two major sources of electricity. But even more “unacceptable” is that we’ve decided that coal — our biggest source of all — should also be banned.

Coal-fired stations produce 73 per cent of our electricity and the cheapest and most reliable. Yet activists convinced politicians these stations were heating the world dangerously by releasing lots of carbon dioxide, the gas which feeds plants. Never mind that the world has, in fact, barely warmed over the past two decades.

Coal Fired Power

Coal-fired stations produce 73 per cent of our electricity and the cheapest and most reliable.

Never mind that the predicted disasters have not occurred, either: cyclones haven’t got worse, our dams have not drained and harvests have not shrunk. And never mind that Australia’s emissions are so small that nothing we do will change the world’s temperature.

In fact, anyone mentioning those facts is screamed down as a “denier”.

But the ultimate act of idiocy was when governments helped to destroy our coal-fired stations without ensuring we’d still have enough power, cheap and steady.

In South Australia, the Labor government forced shut its last two coal-fired stations with green policies making people use more wind power instead. The blowing up of the last station, Northern, was actually celebrated in a video distributed by a public relations company.

Yes, proud to be nuts.

The thing is, wind power is so expensive and unreliable that South Australia has since suffered two huge blackouts and has the world’s most expensive electricity. That’s driven businesses broke, including, ironically, a plastics-recycling company. Now, terrified of even more blackouts, the government has bought nine diesel turbines as backup for its wind farms.

Doesn’t all that qualify as idiotic?

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Wind power is so expensive and unreliable that South Australia has since suffered two huge blackouts and has the world’s most expensive electricity. Generic picture: iStock

Or take Victoria. This year, it forced shut the giant Hazelwood coal-fired station, responsible for 20 per cent of the state’s electricity.

The Andrews Government had made the station too expensive to run or upgrade by setting renewable energy targets to make Victorians switch to heavily subsidised wind power. In a final blow, it tripled the tax on the coal Hazelwood used, so the station shut, 700 jobs were lost and power prices spiked.

CALL FOR STATE GOVERNMENT TO BUY HAZELWOOD POWER STATION

TAXPAYERS TO SHELL OUT $350M FOR ANDREWS’ ENERGY PLAN

More closures are coming as federal Labor scares off owners and investors by promising to force Australians to take 50 per cent of their energy from wind, solar and the existing hydro power.

Owners of coal-fired generators say they now can’t justify spending hundreds of millions of dollars to upgrade their ageing plants, let alone invest in new ones.

Result: the giant Liddell power station, Australia’s third biggest, is set to shut in 2022, despite frantic offers by the Turnbull Government to help keep it running for another five years.

What a brutal wake-up from the airy dreams of Kevin Rudd, who as Labor leader claimed cuts to emissions would cost us peanuts, “something like $1 per person per year”. In fact, electricity prices last month alone jumped by between 16 and 20 per cent.

Hear from the power distributors what’s driving up your bills. Energy Australia blames “higher generation, general business and government green-scheme costs”, including costs caused by closing the Northern and Hazelwood stations.

AGL blames “high gas prices and limited gas availability on the East Coast, the closure of ageing coal-fired generators and an uncertain policy environment”.

Yes, our electricity crisis is entirely man-made. Idiot-made, actually.

So when will this idiocy stop? Or is this the start of Australia’s decline?

Andrew Bolt writes for the Herald Sun, Daily Telegraph, and The Advertiser and runs Australia’s most-read political blog. On week nights he hosts The Bolt Report on Sky News at 7pm and his Macquarie Radio show at 8pm with Steve Price.

Read more excellent articles from Andrew Bolt’s Blog . http://blogs.news.com.au/heraldsun/andrewbolt/

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Energy Poverty Australia Related :

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Unreliable Energy Related :


Australian Summer Forecast: More Blackouts & Rocketing Power Prices

UNRELIABLE-ENERGY UPDATE…

“With wind power output heading south, the spot price for the 5 minute interval topped $9,000 per MWh for something that costs coal-fired plant less than $50 to deliver (at a profit).”

“As wind power output collapsed…the period from 4pm to 7pm saw the 5 minute interval price twice top $13,000 per MWh.”

“The Victorians that cheered when Hazelwood closed its doors are going to get a taste of what South Australians call their very own: a costly brand of virtuous misery.

This Summer, it’s every man for themselves. Welcome to your wind powered future!”

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THE incredible cost of “save the planet” virtue signalling for all to see – if you can afford to turn your lights on, or not suffering through another blackout!

WE really are living in the age of collective ‘climate change’ insanity.

TSK tsk tsk 🙈

STOP THESE THINGS

Australia’s decade-long dalliance with sunshine and breezes is about to get really, really serious.

South Australia’s reputation as both Australia’s wind power capital and the home of the highest power prices in the world, and mass load shedding and statewide blackouts is no coincidence.

The implicit purpose behind Australia’s Federal Large-Scale Renewable Energy Target is to promote wind and solar power at the expense of the cheap and reliable stuff.

The Federal LRET has been so ‘successful’, that South Australia is now the butt of international jokes. However, this Summer will find Victorians in the same predicament.

South Australia blew up its last coal-fired power plant this year (an early victim of the LRET) and the Federal Coalition stood idly by while Victoria allowed its 1,600 MW Hazelwood plant to close earlier this year – all to cheers from lunatics like Jay Weatherill and Daniel Andrews. Predictably, the wholesale price…

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The Cost Of Going Green: Taxpayers Hit With A $60Bn Power Bill

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The cost of a renewable energy push has been revealed | The Australian

“We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” – Warren Buffett

“Suggesting that renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.” – James Hansen (The Godfather of global warming alarmism and former NASA climate chief)

Renewable energy technologies simply won’t work; we need a fundamentally different approach.” – Top Google engineers

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UPDATE on the cost to the taxpayer of politicians crazed obsession with global warming theory and the green faith, leading to the mad push for renewable unreliable energy.

Via The Australian :

Taxpayers will have paid more than $60 billion through federal renewable energy subsidies by 2030, about twice what the crumbling car industry received over 15 years and enough to build about 10 large nuclear reactors.

The government’s large and small-scale renewable energy ­targets, which will compel energy retailers to buy 33 terawatt hours of wind, solar and hydro energy by 2030, will deliver about $45bn of subsidies to renewable energy producers over 20 years, according to analysis by The Australian.

The grab bag of direct subsidies from the Australian Renewable Energy Agency and the Clean Energy Finance Corporation — which have spent or lent concessionally, respectively, $870 million in grants since 2010, and $4.3bn since 2013 — are on top of that.

Meanwhile, the proposed clean energy target arising from the government’s Finkel review, would mandate a further 33TWh of ­energy from renewable sources, costing an extra $11.3bn over the 10 years to 2030.

Government MPs yesterday sounded the alarm over the subsidies and called for clarity over government plans for a new coal-fired power station.

The chairman of the Coalition backbench committee for energy, Craig Kelly, described the costs of the subsidies as an “appalling waste” resulting from an “ideological rush to renewables”.

“No one will ever be able to compute the full opportunity cost of the alternate productive assets that this capital could have been invested in,” Mr Kelly said.

“We already have some of the highest electricity prices in the world. And what industry will we still have if we go down this track?”

Victorian Nationals MP Andrew Broad, chairman of the standing committee on the environment and energy, said the RET should be scrapped to allow renewables to compete on merit.

“To spend all that money and still have expensive power prices means the settings are all wrong,” Mr Broad said.

The Productivity Commission found the automotive industry received the equivalent of about $30bn of industry assistance between 1997 and 2012. It estimated up to 40,000 people might lose their jobs following the withdrawal of Toyota, Holden and Ford as carmakers in Australia, including job losses along the supply chain.

The 39 renewable energy projects under construction or being completed this year have created 4400 jobs, according to the Clean Energy Council’s latest figures.

ACIL Allen Consulting chief executive Paul Hyslop yesterday told a parliamentary inquiry that it was more cost-effective to hold off any investment decisions in low-emissions technologies under renewable energy schemes until the “last possible minute”.

“Solar costs have probably fallen 75 to 80 per cent in the last six or seven years,” Mr Hyslop told the energy and environment committee. “If we had not done anything seven years ago and today we then did all those things, we could have … two to three times as much solar (energy generation) in roofs for the same amount of investment over that period.

“If you think that the cost of ­renewables and low-emissions technology is falling rapidly, absolutely put it off for as long as possible.”

The Victorian government last week announced a 25 per cent RET by 2025, following South Australia’s 50 per cent target by 2025 and a 100 per cent target in the ACT.

Economist Geoffrey Carmody, a founder of Deloitte Access Economics, suggested solving the “trilemma” of low-emissions, reliable and low-cost energy should include nuclear power. The South Australian royal commission into nuclear power put the cost of a large-scale nuclear reactor at $9.3bn.

“If we sweep nuclear energy off the table in favour of renewables, achieving these three conflicting objectives with one instrument — renewable energy — is numerical nonsense,” Mr Carmody said.

Australia is the only G20 country to have banned nuclear power.

Mr Broad suggested yesterday that to provide investment certainty, the government could consider setting a higher emissions intensity threshold of 0.9 tonnes of carbon dioxide per megawatt hour as part of any clean-energy target for some projects — the terms of which could be reviewed after a set period of eight to 10 years.

“I think we’ve got to do something to create certainty in the market,” Mr Broad said.

He said a lower threshold of 0.6 tonnes — the scenario modelled by chief scientist Alan Finkel in his review into the national electricity market — would not cover a new coal-fired power station, although Dr Finkel has said the difference between the two thresholds would “not be substantial”.

The construction of a new 1000MW high-efficiency, low-emissions coal-fired power station has been estimated at $2.2bn according to an analysis compiled by power and energy specialists GHD and Solstice Development Services.

It found such a plant would deliver the cheapest electricity on the market.

Malcolm Turnbull this week opened the door to using finance from a $5bn federal infrastructure fund to help build a coal-fired power station.

Mr Kelly said yesterday a decision on a new plant needed to be made urgently because the 45-year-old Liddell coal-fired power station near Muswellbrook, NSW, was scheduled for closure in 2022 and it would take at least five years to build a new plant. He said it made sense for any new coal-fired power plant to be built in NSW instead of Queensland.

Queensland LNP leader Tim Nicholls is pledging to fast-track a project using the latest high-energy low-emissions technology to be built and run by the private sector.

“We basically need a decision on that by early next year,” Mr Kelly said. “A HELE plant would favourable.”

The cost of going green: taxpayers hit with a $60bn power bill | The Australian

 

Former Labor Party minister, Graham Richardson, on the money:

Every sector in our economy is struggling to cope with [electricity] prices that have almost doubled during the past five years … For the past few years many pensioners have sacrificed heat in winter and airconditioning in summer. Now low to middle-income families are frantically trying to reduce their power bills as well.

While all of this is happening, our Prime Minister sits down with the chiefs of the electricity companies to ask them to be nice to their clients and offer them the cheapest possible options. The problem is that in a free-market capitalist economy, private business is supposed to maximise profits for shareholders. I, for one, will not hang by the neck waiting for my friendly electricity retailer to offer me a way of paying them less. Surely Malcolm Turnbull has got something better to do to fill in his diary.

Andrew Bolt:

What a colossal waste – and to think that simply building the reactors would have given us more reliable power, too: “Taxpayers will have paid more than $60 billion through federal renewable energy subsidies by 2030, … enough to build about 10 large nuclear reactors.

$60 BILLION OF WARMIST WASTE | Herald Sun

Billions and billions more of taxpayers hard-earned money wasted on fake fixes to a fake catastrophe.

Insane.

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Related :


Australia’s Self-Inflicted Energy Crisis: Federal Government’s Renewable Obsession Cripples Country

“The correlation between electricity systems dependent on the weather and obscene power prices is pretty clear.”

Excellent post STT. TQ

A MUST READ piece by The Australian’s Judith Sloan explains the RET “green-energy” fuel-poverty debacle that has infected Australian politicians, helping to destroy business and hurt the poor.

Minister should be red-faced over green schemes
The Australian
Judith Sloan
22 August 2017

STOP THESE THINGS

Australia’s self-inflicted energy crisis is the product of an obsessive ideology, wedded to the nonsensical belief that modern economies can be powered by sunshine and breezes.

The Federal Energy and Environment Minister, Josh Frydenberg never ceases to disappoint. His ignorance is only matched by his lack of shame.

In the week just gone, Josh put forward an op-ed in The Australian, peddling the myth that Australia’s power pricing and supply calamity is the product of everything except alien forces and the Large-Scale Renewable Energy Target: a market distorting, $3 billion a year subsidy scheme to wind and solar outfits, paid for by all Australian power consumers.

The article is so peppered with delusion and myth, that we don’t propose reproducing it here. Subscribers to The Australian with a masochistic streak can find it here.

Instead, we’ll turn over to The Australian’s Economics Editor-in-chief, Judith Sloan for her stinging rebuke…

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GREEN ENERGY FAIL – World Coal Power Development Up 43%

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The ultra-supercritical Shanghai Waigaoqiao No. 3 is one of China’s flagship high-efficiency, low-emissions coal-fired power plants.

UNRELIABLE energy (wind/solar) proponents parrot the same mindless, groupthink propaganda about the so-called “green energy revolution” (which provides under 2% of the world’s power after trillions of dollars spent), demanding that we must “transition now!” so as to not be “left behind by the rest of the world!”.

MEMO to the misinformed …

From The New York Times

“1,600 new coal-fired power plants are planned or under construction in 62 countries.”

Coal fired power staions NYT

 

MEANWHILE, back in Australia, global warming theory obsessed politicians are giving up the countries once prized economic advantage of having cheap, reliable energy, by decommissioning and blowing up their last remaining coal-fired power plants. Greens and Labor parties even cheering about it!

Playford A Power Station Stack Felling

NPS West Coal Bunker and Tower Demolition

NPS East Coal Bunker and Coal Transfer Towers

via Augusta Power Stations – Flinders Power

 

NEIGHBOURING State, Victoria, whose Socialist Left government is also obsessed with green energy and the climate faith has closed Hazelwood coal-fired power station, which did not merely supply Victoria with a quarter of its power but also helped bail out South Australia.

ALL this destruction of Australia’s once cheap, efficient, relaible, baseload power supply has led to Australia now having some of the highest power prices in the world. South Australia officially has “the highest“!

THE world sure got the message: South Australia is closed for investment in heavy industry, and so, soon, will be the rest of Australia if they don’t learn from the dire consequences of destroying cheap power.

THE situation has become so dire in SA that the Weatherill Labor government is now spending a whopping $360 million on imported diesel generators in an attempt to maintain power supply after a summer of statewide blackouts 2016/17, which earned SA title of “the blackout capital of the world.”

 

More from The Herald Sun’s Andrew Bolt:

The public is now waking up to this madness, and to the falsehoods that inspired it.

Let’s expose the five biggest.

FALSEHOOD ONE: We can afford Labor’s green energy target.

In fact, just to meet the targets set by Labor in Queensland and Victoria would force us to build 4800 wind generators at an estimated cost of $41 billion. And those states would then have a power system as dodgy as South Australia’s.

FALSEHOOD TWO: This green energy creates lots of “green jobs”.

In fact, it costs jobs. The wind power industry gives full-time jobs to just 1230 Australians, according to the Bureau of Statistics. But if the Victorian Government goes ahead with policies to close the giant Hazelwood coal-fired station, that alone would cost the jobs of 1000 Hazelwood workers.

Worse, other businesses would be hit with power price rises of up to 5 per cent, enough to probably kill the power-intensive Portland aluminium smelter, for one, with its 750 workers.

FALSEHOOD THREE: Australia will save the planet by switching to green power. In fact, cutting our emissions makes no measurable difference to global temperatures, which is why politicians refuse to say how much temperatures will fall as a consequence of the billions they are spending. Ask them yourself: for all this pain, how much will we gain? By how much will temperatures fall?

I’ve asked everyone from the Liberals’ Greg Hunt to Labor’s Penny Wong, from alarmist Tim Flannery to populist Kevin Rudd, and not one will answer.

FALSEHOOD FOUR: We are doomed if we don’t cut the temperature. In fact, the warmists’ predictions of doom keep bombing.

In 2007, Climate Council boss Flannery warned that “even the rain that falls will not fill our dams and our river systems”. In 2008, the weather bureau warned that drought could become “our new climate”. In 2012, the Australian Conservation Foundation warned it “will be less and less likely that we can feed the human population”.

But what do we see instead?

Years of good rain. Dams filling. Rivers flooding. A record world harvest of grain crops.

FALSEHOOD FIVE: the public still believes this warming scare.

In fact, even a survey for the embarrassed Climate Institute last month found just 30 per cent of Australians still believed the world was warming and humans were mostly to blame.

Most Australians are now sceptics. The great warming scare is failing, which explains the panic over South Australia’s blackout.

The lights went out. But for many Australians, a light bulb went on.

Pardon? Here were storms bringing the rains the warmists told us were gone, and switching off the green power the warmists told us would stay.

Green power, gone with the wind. 

South Australian blackout puts questions on value of wind power | Herald Sun

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