National Energy Guarantee Spells Doom for Wind Power: Mere Threat of NEG Smashes Wind Power Outfits’ Share Prices

The wind industry in Australia is doomed, and it knows it. Power consumers who have received power bills since retail rates increased fully 20% in July, are furious; tens of thousands simply can’t pay them and have been put on ‘payment plans’, while thousands more have simply been disconnected from the grid, unable to pay their power bills, at all.
Something had to give.

STOP THESE THINGS

The wind industry in Australia is doomed, and it knows it. Power consumers who have received power bills since retail rates increased fully 20% in July, are furious; tens of thousands simply can’t pay them and have been put on ‘payment plans’, while thousands more have simply been disconnected from the grid, unable to pay their power bills, at all.

Something had to give.

With blackouts looming this Australian Summer (stinking hot December days, when the demand for power skyrockets, beckon), it was inevitable that the Federal Coalition would do something. That ‘something’ is the National Energy Guarantee.

STT gave our initial analysis of the NEG here: PM’s Reliable Power Play Spells Disaster for Unreliable & Intermittent Wind Power

In the graphic above, it appears that investors, who might have otherwise thrown their money to the wind, agree with STT.

Infigen (formerly Babcock & Brown) is an all wind power…

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