Brilliant news from “Down Under”!
Gradually, painfully, the wind industry, its parasites and spruikers are coming to the realisation that Malcolm Turnbull’s National Energy Guarantee means the end of the greatest subsidy-soaked rort of all time.
Among renewables rent-seekers, a few deluded souls are still kidding themselves that it will all blow over (so to speak), while, at the other end of the spectrum, others are frothing at the mouth, like crazed demons.
STT thinks they’re just working through the 5 stages of grief: denial, anger, bargaining, depression and acceptance.
In our analysis of the NEG, we came to the conclusion that the policy – which requires retailers to enter contracts with conventional generators to guarantee the supply of electricity to their customers in the worst-case scenario (eg a breathless week of +40°C weather across the Continent), irrespective of whether the sun is up or the wind is blowing – spelt the end for worthless…
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