Australia’s Renewable Target is 16% and Rising, and so are our Electricity Prices

Australia’s Renewable Target is 16% and Rising, and so are our Electricity Prices, by Joanne Nova.

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. …

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.) …

Many of the costs of intermittent power are hidden. They risk grid stability, require longer transmission lines, more expensive gas and diesel back up to cope with faster ramp rates, they drain our hydro dams, use up good farmland, need storage and batteries, billion dollar interconnectors, plus higher costs to stabilize frequencies, they drive out the cheapest operators, which changes the bidding pattern (see the bid stack here). They also “require” an ongoing subsidy of $80/MWh.

Coal power costs about 3 cents per kWh to produce. Look on your electricity bill anywhere in Australia and you will see you are being charged about 25 cents per kWh, up from about 10 cents in 2007.

There is ample empirical evidence that the climate models are fundamentally wrong. As it happens there is a mistake in all the climate models, and it is this mistake that is responsible for the scare over carbon dioxide. Book coming soon. Did our governments do due diligence before they charged in? No, because they wanted to “fix the problem” of limiting carbon dioxide emissions — by regulating all energy.