Electricity Bill Shorten: wants to put Australians on the Highway to Hell.

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When Electricity Bill Shorten came out to announce Labor’s 50% renewable energy target, a month back back, Tony Abbott quite rightly jumped on it as an economy destroying policy, that would drive power prices through the roof; energy intensive businesses offshore; and households into a dim, dark electricity free future. And fair enough:

Adam Creighton: Labor’s Ludicrous Wind Power Policy to Squander more than $100 Billion

But that’s to compare insanity with complete madness. The Coalition’s 33,000 GWh Large-Scale Renewable Energy Target comes with a $45 billion cost to power consumers in the form of the REC Subsidy, funneled to wind power outfits and added to all Australian power consumers’ retail power bills – and that ignores the phenomenal cost of holding dispatchable generation (equal to 100% of whatever wind power capacity exists) from fossil-fuel generation sources…