With abundant supplies of coal, gas and uranium Australia ought to be renowned as an energy superpower. It isn’t. In less than 20 years it deliberately destroyed the most reliable and affordable power generation and delivery system, on earth.
It started with subsidies; massive subsidies to wind and solar – both domestic and large-scale – delivered via our rocketing retail power bills under the Federal Government’s Renewable Energy Target; that’s costing power consumers more than $4 billion a year.
Those subsidies were designed to force the grid manager to take wind and solar (on those occasions when it is actually available) over and above reliable, dispatchable coal and gas-fired power.
No single policy has ever done more damage to Australia’s economic competitiveness; no single policy has ever allowed a handful of rent-seekers to profit so handsomely at the expense of Australia’s productive industries, business and jobs.
Now, however, the…
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