Australian Energy Madness: Nearly a billion dollars for electricity for just one day — $500 per family

Australian Energy Madness: Nearly a billion dollars for electricity for just one day — $500 per family. By Joanne Nova.

The cost of electricity on Thursday in two states of Australia reached a tally of $932 million dollars for a single day of electricity. Thanks to David Bidstrup on Catallaxy for calculating it. …

In Victoria, per capita, that means it cost $110 for one day’s electricity. For South Australians, Thursday’s electricity bill was $140 per person.

In both these states those charges will presumably be paid in future price rises, shared unevenly between subsidized solar users and suffering non-solar hostages. The costs will be buried such that duped householders will not be aware of what happened. Coles and Woolworths will have to add a few cents to everything to cover their bills, and the government will have to cut services or increase taxes. No one will know how many jobs are not offered or opportunities lost. This is the road to Venezuela. …

NSW will soon join the SA-Vic club.

This is what happens when an electricity grid is run by kindergarten arts graduates who struggle with numbers bigger than two.

The socialist Labor-Greens are already trying to blame it on coal, but we ran coal plants for decades without these disasters. Right now, no one is investing in coal because of bipartisan stupidity. What company would pay the maintenance fees on infrastructure so hated by the political class? The coal plants are being run into the ground. Maintenance is even being delayed to keep the plants running through peaks like this.

No country on Earth with lots of renewables has cheap electricity. How many times do I have to repeat it? This is my mantra for 2019.

 

 

In Australia when we had mainly coal and no renewables our electricity was cheap and reliable. Now we are still mainly coal, but all it takes is a poisonous small infiltration of subsidized unreliable renewables to destroy the former economic incentives, the whole market, the system: our lifestyle.