Want to know why your power bill just keeps going up and up – it’s because both sides of politics have agreed to a Renewable Energy Target (RET) that 20% of electricity by 2020 must come from renewables like wind turbines and solar.
Gillard’s Carbon Tax is just makes the cost of electricity even higher.
The Global Warming Policy Foundation has warned policy makers that wind energy is an extraordinarily expensive and inefficient way of reducing CO2 emissions. In fact, there is a significant likelihood that annual CO2 emissions could be greater under the Government's current wind strategy than under an alternative Gas scenario.
Professor Gordon Hughes (University of Edinburgh), on behalf of the GWPF, has also assessed the likely impact of wind power on household energy bills.
In his economic analysis, submitted by the GWPF to the House of Commons Energy and Climate Change Committee, Prof Hughes concludes that meeting the Government's target for renewable generation would increase households electricity bills by 40-60% by 2020.
The necessary investment for this Wind scenario would amount to about £124 billion. The same electricity demand could be met from 21.5 GW of combined cycle gas plants with a capital cost of £13 billion - the latter option is cheaper by an order of magnitude.
…"The key problems with current policies for wind power are simple. They require a huge commitment of investment to a technology that is not very green, in the sense of saving a lot of CO2, but which is certainly very expensive and inflexible. Unless the current Government scales back its commitment to wind power very substantially, its policy will be worse than a mistake, it will be a blunder," Professor Hughes said.
Meanwhile, PM Gillard has come out and blamed the states with regulation if they don’t help cut power prices – Jesus Christ - this woman has a nerve.
The reason Joe and Jill public are getting screwed on higher electricity prices is because previous state Labor governments jacked up the dividend from the state own providers who in turn had less dough to invest into the network, the brain dead 20% RET and the fact that Labor was always going to put a price on carbon dioxide (Rudd wanted an ETS back in 2007) so the electricity providers have been building in the future carbon dioxide cost for the last 5 years.
If Gillard wants to really help people, she should dump her stupid Carbon Dioxide Tax and kill the equally stupid RET.