[The similarities to Ontario are striking] by Andrew Bolt Herald Sun, Australia
Noticed your power bills going up already? Wait until these uncosted government green schemes really kick in:
THE chief executive of one of the country’s biggest energy retailers has warned that power prices are set to increase dramatically. Origin Energy boss Grant King said that complying with the mandatory renewable energy target (RET) and network spending would put upward pressure on energy prices.
“That’s not of our making, or anybody other than policymakers,” Mr King told The Australian…
His comments follow both federal Resources and Energy Minister Martin Ferguson and his opposition counterpart Ian Macfarlane warning in separate interviews with this newspaper that power prices were likely to double in the next five to seven years…
Wind farms would cost between $100 and $125 per megawatt hour, compared with $30 to $40 per MWh for coal. Moreover, the intermittent nature of wind means that it would need to be backed up with big-ticket investment in gas turbine power plants.
Mr King said he suspected that policymakers “didn’t truly know the cost” of policies that had been introduced.
No kidding. And the difference all this makes to the climate is…?