Who Needs Wind When Massive Subsidies Will Do the Trick?
WHO NEEDS WIND WHEN YOU’VE GOT SUBSIDIES
25 September 2015
A unique set of circumstances gave Turnbull the keys to Kirribilli House, but he didn’t want them, he decided to stay in his far nicer house at Point Piper while he does his filthy global warming deals with the Greens in exchange for economic reform.
The first of his deals will be what he takes to the Paris Conference on Climate Change with the support of the diminutive Green global warmist, Greg Hunt and the UN besotted, NWO convert, Julie Bishop.
Tony Abbott may not have been able to change his spots after a near death experience in February of this year and you can rest assured Malcolm Turnbull has no intention to change his.
It is now clear that Turnbull’s grab for leadership was always planned prior to the IPCC Paris Conference but a Canning by-election suddenly emerged and looked certain to favour the Libs so it became imperative that he move early.
Turnbull was left in the luxurious position of having more than 30 terrified Lib backbenchers in marginal electorates who were prepared to do anything to save their seats and they looked to Malcolm Turnbull as their saviour.
Despite this unique political windfall Turnbull won the leadership by a mere ten votes (only five were needed to switch back to Abbott and Turnbull was gone to Gowings). But the urgent gamble paid off and he is now able to bury Abbott’s objection to inefficient windmills and the global warming myth and present Australia as a willing participant in the IPCC’s warming hoax.
Mr Turnbull has no problem finding the money for his electricity bills and the Greens care only for their ideology and they all must have sore hands from either high-fiving each other or masturbating over Turnbull’s exciting intentions.
Abbott said warming was crap and windmills were an eyesore, he was right, but now it’s too late, there were enough Judas backbenchers with nothing to lose to save the day.
Greg Hunt’s thousands of magic windmills, that can add nothing to the essential base load, are costing between one and two million bucks each with between $200,000 and $400,000 paid for by the taxpayer and a mere $10,000 going to the landholder, many of whom now wish they had never seen the bloody things.
We can now see why our electricity bills have gone through the roof and the Turnbull Government intends to ensure they keep climbing?
The UK Tory Government under Cameron has signalled it will end subsidies to onshore wind farms from April 1 next year.
The onshore wind industry executives have attacked the move as “political intervention”, while the trade body “RenewableUK” called for an urgent meeting with the new energy secretary, Amber Rudd (gord there’s another one) to discuss the implications of the announcement.
Scottish energy minister Fergus Ewing claimed that British consumers could end up paying between £2bn and £3bn more in bills because Scotland would now be home to 70 per cent of all future wind farms. (I can only presume he really meant to say bn.)
Conservative governments and windmills make poor bedfellows except when an erstwhile conservative government is led by Turnbull and a few UN sycophants.
These outrageous subsidies must soon stop but windmills will not survive without them. These inefficient, million dollar monstrosities only have an average life of 11 years before they need replacing. (No, industry advice is not reconditioning but replacing… they say replacement would be cheaper.)
The urgency with which Greg Hunt threw taxpayer funds at windmill construction companies meant that they will need replacing in a very short time… and all at the same time!
But who in their right mind would replace them without up to a half million dollar subsidy on each one? And if the subsidies continue under the Turnbull Government that half million subsidy becomes one million when it’s for the same replaced windmill.
The fact is no-one will ever construct a windmill without being heavily subsidised! What we are doing is replacing power that costs 3 to 5 cents per kilowatt hour to generate with windmill power that costs at least 13 1/2 cents per kilowatt hour.
“And these bastards know exactly what the sums are!”
So, even a Lefty Government led by Turnbull and a windmill addicted Greg Hunt cannot continue forever with subsidies that support inefficient power! So what must be the end result?
Thousands and thousands of these noisy, visually polluting bird killers will become land fill. And who will be forking out the brass to dismantle these eyesores? Yep, again it will be we the poor taxpayers.
Only the limited brain of a Green gopher could conceive that a windmill could be an efficient producer of power. And only a Green will argue that it actually is.
So if the Green gopher is right, why the bloody subsidies?
Nice work, Larry!
But the subsidy figure he notes of a mere $400,000 per turbine, per year – paid in renewable energy certificates (RECs) – is a tad light on.
Pickering’s target, young Gregory Hunt has locked-in a $45 billion electricity tax, that’s designed to funnel every last cent of that sum to wind power outfits:
At $3 billion per year until 2031, Greg’s efforts to look after his mates, Vesta’s, Ken McAlpine and Infigen’s Miles George, amounts to the single, greatest industry subsidy scheme in the history of the Commonwealth.
As to what a single turbine can reap from the rort, under the ludicrously generous the REC Subsidy, consider a single 3 MW turbine.
If it operated 24 hours a day, 365 days a year – its owner would receive 26,280 RECs (24 x 365 x 3). Assuming, generously, a capacity factor of 35% (the cowboys from wind power outfits often wildly claim more than that) that single turbine will receive 9,198 RECs annually. At $93 per REC (the value at which they are designed to trade), that single turbine will, in 12 months, rake in $855,414 in REC Subsidy.
But wait, there’s more: that subsidy doesn’t last for a single year. Oh no. A turbine operating now will continue to receive the REC subsidy for 16 years, until 2031 – such that a single 3 MW turbine spinning today can pocket a total of $13,686,624 over the remaining life of the LRET. Not a bad little rort – considering the machine and its installation costs less than $3 million; and that being able to spear it into some dimwit’s back paddock under a landholder agreement costs a piddling $10-15,000 per year. State-sponsored theft never looked easier or more lucrative!
The REC Tax/Subsidy, including that associated with domestic solar under the original RET scheme, has already added more than $9 billion to Australian power bills, so far.
But, apart from that minor quibble, Larry is otherwise on the money.
It’s a subsidy rort, pure and simple.