Australian politicians must have a death wish for the nation. Why would I say that? ‘Australia’s renewable energy policy reads more like a suicide note than an energy roadmap. In a couple of months – as temperatures rise and, so too, the demand for electricity to power millions of air conditioners – the power rationing will begin in earnest (again) and the daily spot price for electricity will go through the roof (again).
Like the alcoholic husband who keeps promising his long-suffering wife that he’ll go easy on the grog next time, those in charge of Australia’s energy debacle quickly forget what happened the summer before, and the summer before that.
Instead of getting serious about serious power generation, energy ministers, both state and federal, just keep on keeping on – with mandated renewable energy targets, soft loans and endless subsidies to wind and solar.
The result is that Australia’s reliable, dispatchable and dependable fleet of coal-fired power plants are unable to turn a profit, denied the ability to deliver power around-the-clock. The long-term consequence is a slow and inevitable destruction of Australia’s once reliable and affordable power supply.https://stopthesethings.com/2020/10/22/renewables-reckoning-wind-solar-deliver-power-pricing-supply-calamity/