Attempting to rely on intermittent wind and solar is guaranteed to send power prices into orbit. Just ask a South Australian.
Despite some desperate wind industry propaganda efforts suggesting that South Australians are currently enjoying 1970s power prices, Australia’s renewable energy capital still pays the world’s highest power prices – thanks to its ludicrous 50% Renewable Energy Target.
SA’s 50% RET was the product of an unhinged state Labor government; its Federal counterpart wants to bring the South Australian ‘experience’ to every other state in the Commonwealth, with a 50% RET to be enforced nationwide.
The promise has long been that if we roll-out millions more solar panels and thousands more of these things – coupled up with mythical mega-batteries – power prices must surely plummet. Except, reality has bitten – once again – in Australia’s wind and solar capital.
Which makes it pretty hard for wind and sun worshippers…
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