The ruinous privileges of renewable energy
But now the renewable energy chickens are coming back home, roosting in their nests and fouling them at the same time. Those in the electricity supply industry who can read the wind realise that their management of the industry will come under close scrutiny as new governments come to office and respond to the political forces that helped to get them there.
by Ray Evans & Tom Quirk
in Quadrant Online
Household electricity prices in Australia have risen by more than 40 per cent since 2007, and are projected to rise by another 30 per cent by 2013-14. The next federal election must be held by November 30, 2013, and just as electricity prices played a major role in the recent Queensland state election campaign, we can be certain that the same thing will happen during the next federal election campaign. If we have a very hot 2012-13 summer, then the possibility of blackouts is a real one and that would add grist to the mill.
In March 2009,... [continue via Web link]