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It’s almost like China’s climate action was just window dressing. It seems to be unraveling…
China’s National Carbon Trading Scheme was supposed to go into full operation later this month, but now it’s been cut back by two-thirds. Instead of burdening 6,000 companies it will only afflict 2,000. And only a week ago, the Chinese government suddenly axed solar and wind subsidies, with the cuts starting just six weeks from now. Oilprice calls it “a crushing blow for wind and solar”. In a devastating move, there are even demands that solar plants have to sell electricity at the same price as coal power. The cruelty!
China produces three quarters of all the world’s solar panels, having subsidized-the-heck out of the global industry, exploited slave labor and driven the US leaders out of production.
Judging by the Wall St Journal story — in the last two months the paradigm has shifted from Environmental control to Economic priority. Perhaps solar power wasn’t much use for building ballistic missile submarines?
How different things would be if solar was actually cheaper than coal…
No new solar power plant subsidies. Just like that? China to stop subsidies for new solar power stations, onshore wind projects […]
A big new study by electricity grid nerds (and I mean that in the nicest possible way) shows that after all the money and pain of 20 years of forced transition Australia’s electricity has shifted from 85% coal powered to 75% coal powered, which cost billions and as a bonus, made electricity more expensive and unstable. We drove out some brown coal, but swapped it for black coal. Instead of ousting coal power, the extra solar and wind power replaced some gas and hydro.
The authors are genuine independent experts, and the report is incredibly detailed — so this is rare — but still suffers from serious drawbacks:
The team doesn’t question the need for an artificial expensive transition. Almost all the problems they describe are caused by government policies that task our grid with changing the climate as well as producing cheap and reliable electricity. In a grid being ruined by inept policy, the implied solutions almost all involve more regulation and government policy. If our gas prices are too high we could ban sales overseas, but then we lose the export income. The left hand steals from the right. The free market solution is to use another fuel, […]
Thanks to Big-Gov’s Renewable Energy Target, big corporate greed was unleashed:
ABC — Australian energy giant AGL ‘gouged’ customers after Hazelwood closure, new research shows
Some of the nation’s biggest energy companies have allegedly used the closure of Australia’s dirtiest coal-fired power station to price gouge customers and make an extra $3 billion in wholesale profits, according to a new report.
We already knew that renewables are so poisonous they make other generators more expensive. But this is something “extra”. Either big corporate’s suddenly turned into greedy machines or the government destroyed the free market that worked fine for years:
When the closure of Hazelwood was announced just a few months earlier, AGL increased the price of much of the coal-fired power on offer from the Bayswater and Liddell plants in NSW.
The study found a significant part of the output from the Liddell plant was repriced from $40 to $60 per megawatt hour, to greater than $5,000 per megawatt hour — so expensive it effectively restricted supply.
At the same time, much of the power offered by the Bayswater plant almost doubled in price, from about $40 […]
Australians are the Renewable crash Test Dummies
As I said for free and two months before the ANU, with a 50% annual growth in renewables, Australia is ramping up unreliable power faster than anywhere.
Now comes a paper: Australia: the renewable energy superstar showing that, per capita, Australia is installing unreliable generators in a blitzkrieg pace, more than twice as fast as Germany is, and 4-5 times faster per capita than the EU, USA, Japan and China. No other dummies are even in the race. The largest coal exporter in the world is working harder than anyone to destroy its largest export earner — which would be noble if only there was more to it than being a magical spell to ward off storms.
This is a legendary paper and very helpful. Save the link, copy the reference, send it to your MP, your friends, your newspaper! Why not head to the launch at ANU at 5:30pm, 14th Feb?
Never again can anyone get away with national flagellation for “not doing enough”. Henceforth Green and Labor M.P.’s will stop calling us a national joke, a pariah, and a disgrace. (Though, actually, all those things are true, for the opposite […]
One big government agency quietly admits renewables make electricity more expensive, and another big gov media agency hides it.
The new AMEC report tells us renewables will make electricity prices go down a tiny 2% in the short run but make electricity more expensive in the long run due to forcing out cheap baseload players. What matters most to Australians — that we can expect our electricity costs to be 2% less than “obscene” for the next couple of years, or that the artificial transition we are forcing on the grid will indirectly make electricity more expensive?
Which message does the ABC headline? Say hello to Trivia!
Renewables set to drive down power prices, new AEMC analysis shows The ABC is essentially a taxpayer funded advertising machine for the renewables industry.
A flood of new renewable energy projects is likely to drive down household electricity bills, according to new analysis by government policy adviser the Australian Energy Market Commission (AEMC).
On a national basis, household bills are set to fall by 2.1 per cent — but price falls in the eastern states and South Australia are offset by increases in Western Australia, the Northern Territory and […]
The Crash Test Dummy accelerates. Australia is steaming ahead in the forced transition to unreliable energy
A lot of the reason for the growth in renewables is the Renewable Energy Target (the RET). Renewables must supply 16% of our electricity in 2018, and even more in 2019.
Strap yourself in. Buried in the AEMO summer readiness plan was the news that our intermittent renewables capacity is forecast to increase by fully 50% this year. All the renewables we had accrued in the two decade “transition” til December last year, we’ve added half again. We are already pushing the bounds of stability and setting price records, but you ain’t seen nothing yet. We are escalating the rate of change.
In toto, we have 56GW of generation of all sorts in the national grid on the east coast. The wind and solar component increased from 4GW at the end of 2017 to over 6GW by the end of 2018. But it doesn’t take much intermittent power to change the way the whole grid works.
Things are so fragile that a few weeks ago, when 240MW of reliable supply was suddenly not available for this summer, the AEMO had to issue a […]
The Renewables Lobby subsidy and handouts are still growing. In 2018, Australia must get 16% of all our electricity from “renewables”, up from 14.2% last year.
That’s 28,000 Gigawatt hours of magical green electrons from generators that give us nice weather as opposed to generators that cause droughts, floods, cyclones and spread crocodiles, dengue fever, cause wars and change butterflies.
Welcome to modern Australia where our grid is designed by witchcraft, run by superstition, and panders to every whim of the Giant Renewables Industry Lobby.
The noose tightens in Australia.
Renewables must supply 16% of our electricity in 2018, and even more in 2019.
Source: 2001-2030 Annual Targets and renewable power percentages, Clean Energy Regulator.
Prices are rising too: Could there be a connection here?
Even the ABC now says “Something has gone terribly wrong with our electricity prices”. Prices went off the ranch from 2007, rising much faster than the CPI. This is also the point Australia started ramping up the intermittent renewables. Before that the Snowy Hydro Scheme –the only reliable and cost effective form of renewable power — had been operating for decades. Correlation is […]
Strangely, the more free, clean, green energy we get the more household incomes fail to keep up with inflation. Who would have thought that using inefficient energy in an artificial government-picks-the-winner market could possibly reduce our living standards?
Of course, this is not all due to electricity efficiency and pricing. Bill Shock only affects things that need to heat, cool or move.
Bill Shock as Standard of Living Slumps
David Uren, The Australian
Australians have endured their longest period of falling living standards in more than a quarter of a century as growth in costs outstripped earnings for the fifth consecutive quarter, leaving households worse off than they were six years ago.
After allowing for inflation, taxes and interest costs, average household incomes dropped 1.6 per cent in the year to September, capping a sustained fall in living standards that has not been seen since the 1990-91 recession.
Economists say more than half the cost increases for households are being driven by electricity, rent, health, new housing and tobacco, while modest wage rises are being partially absorbed by workers being pushed into higher tax brackets.
Energy prices feed […]
Apologies to foreign readers as we rake over the Stupidest Energy Policy on Earth. This really takes the cake.
Back in 2010 Rudd signed off on an extension of subsidies to renewables generators that would apply from 2020-2030, long after he would be gone. Effectively this decision will take up t0 $300 per Australian over that decade — in the order of $1000 per family — and gift to the renewables industry. Naturally, in the public arena, an issue this big was decided with major, some, no discussion at all.
The ABC investigated the intricacies of who knew what and when in the knifing of a first term PM, but billions of dollars — who knew?
Dennis Shanahan raised it today in The Australian
Rudd renewables extension upped power bills $7.5bn
Electricity customers face an extra burden of between $3.8 billion and $7.5bn in “windfall” subsidies for renewable power generators in the next decade because of the stroke of a pen in the last months of Kevin Rudd’s prime ministership.
Against advice from consultants, energy companies and the Australian Conservation Foundation, the Rudd government in 2010 extended the phasing out of the renewable subsidies for existing operators from […]
Turnbull threw away the Lib’s best election strategy in the last election and almost lost. He couldn’t run a carbon tax scare like Abbott had (or Trump did even moreso). Now he can’t run a cheap electricity campaign in a nation where wallets are bleeding from power bills. It would be a gift campaign to mock the idea that wind and solar make prices cheaper — that’s a bubble desperate to be popped. But Malcolm’s campaign (if he survives that long) is a Santa tricky plan to have it all — lower emissions, lower prices, and more stability. And if you’ll believe that…
He’s leaving his entire right flank open, unguarded.
A few dismal facts that won’t go away: Malcolm’s NEG plan to reduce electricity prices aims pathetically low ($2 a week) and will fail anyway. The country already knows that. The world still awaits the glorious discovery of a single nation powered by lots of wind and solar that has cheap electricity. Australia’s 1.5% of global carbon emissions are irrelevant. Australia may be the only nation on Earth that is even trying to meet the Paris accord. More than half of Australians don’t buy the blame for the climate. […]
The Foodbank press release: Financial stress pushing millions of Australians into food insecurity
One in six or, 15% of the Australian population, apparently has experienced “uncertainty” around food in the last 12 months. For some, that’s only one episode in a year but still, in a first world country which is a major food exporter, it’s not a sign of wealth and good times. If the survey is to be believed, fully 9% of Australians are experiencing a food shortage every month or even more often. Surprisingly, half of those experiencing food uncertainty have jobs — working serfs. Foodbank blames it on living costs — like rent and power bills.
A nation in decline: A ten percent increase in people seeking food relief across the nation
One thing is sure “bill shock” is hurting people, and it’s getting worse:
Foodbank provides food for over 652,000 people a month, however, the front-line charities report that demand for food relief has increased by 10% in the last year and they are forced to turn away 65,000 people every month due to lack of food.
How much does renewable energy contribute? Hard to say — all the factors are confounded and […]
The cost of Going Green, The Australian, Cover, September 1, 2017.
The Australian calculates the total bill will be in the order of $60b for green electricity.
It’s not like we could have done something better with that.
Read it all (if you can), then write to your MP and Senator. Ask why — if they are serious about helping reduce CO2 — we don’t have a USC coal plant like so many other countries, and why we don’t have nuclear power. Then ask why, if they are concerned about the poor, about health, about education, we are wasting $60b dollars to try to change the weather in 2100 that we could be spending on these critical areas right now?
Taxpayers hit with a $60bn power bill
The Australian, Adam Creighton
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 […]
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