Spanish philosopher, George Santayana was credited with the adage that ‘Those who cannot learn from history are doomed to repeat it’. But, as pointed out by American author, William Faulkner, “The past is never dead. It’s not even past.”
In Australia’s so-called wind power capital, South Australia, how its self-inflicted power pricing and supply calamity came to be is a matter of history (see our post here). However, South Australians are living with that sorry aspect of their past now, and are doomed to suffer its consequences for generations to come.
With the highest power prices in the world by a comfortable margin, routine load shedding and mass blackouts, caused by routine and sudden wind power output collapses, South Australia is the place where no sensible international investor will ever bother to hang their hat again, and a place from which…
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