whatyareckon

That Australia’s Eastern Grid is on the brink of collapse with a complete ‘system black’ on the cards comes as no surprise.

The $7 billion in annual RET subsidies pocketed by wind and solar generators were designed to allow them to underbid Australia’s reliable and affordable coal-fired generators, destroying their profitability and, ultimately, driving them off the grid. As a direct consequence, Australia’s Eastern Grid (that covers QLD, NSW, Victoria, Tasmania and SA) is literally on the brink of collapse. The new Federal Labor government is in a flat panic, using Stalinist bully boy tactics in the vain hope of undoing the inevitable consequences of the so-called ‘inevitable transition’ to wind and solar. The market for electricity has been co-opted by governments, and taxpayers will be left to foot an enormous bill to compensate generators forced to dispatch power at a loss, on top of the $billions in subsidies already…