Australia’s energy policy reads like a National suicide note: power prices went from the lowest in the world to the highest, in little over a decade.
Plotting the path to destruction is pretty easy: start by throwing $60 billion in subsidies at wind and large-scale solar, demonise cheap and reliable coal-fired power and put lunatics in charge of the whole operation.
Here’s Alan Moran, once again, detailing the source of Australia’s self-inflicted misery.
Reaping the fruits of political sabotage of the electricity industry
25 January 2019
The third world nature of Australia’s electricity industry was revealed this week with wholesale prices in Victoria and South Australia at the maximum $14,500 for lengthy periods in spite of thousands of customers being cut-off, major users agreeing to shut down demand in return for compensation paid by consumers, and even some oil plants being called in.
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