ACT Labor’s plan to commit economic suicide

This just proves some Labor people are as “dumb as posts.”

ACT Labor has unveiled an ambitious plan to source 90 per cent of the Territory's power from renewable sources by 2020.

…The strategy includes a mix of large scale wind and solar projects, a greater reliance on public transport and boosting energy efficiency in houses and buildings.

ACT rate payers should be worried. The facts are Wind Energy is terribly expensive and inefficient and the German experience with Solar suggests it’s an incredible waste of money – a staggering $300 billion euros or $377 billion AUD.

Naturally ACT Environment Minister Simon Corbell thinks ACT consumers will be winners. Pity the only winners are the rent seeking wind and solar manufacturers.

I concluded that the Greens 100 per cent renewable energy push would cost a staggering $2.3 Trillion by the turn of the century so how on earth does Corbell think ACT consumers will be better off?

The hard reality is that both Wind and Solar don’t reduce carbon dioxide emissions and worse, the energy they do produce costs significantly more than traditional fossil fuel sources. A fact the Australian Government’s own Productivity Commission confirmed:

Coal fired power station $79 per Mw/h (megawatt/hour)
Gas fired power station $97 per Mw/h – or 1.2 times the cost of coal power
Wind power $150-214 per Mw/h – or nearly 3 times the cost of coal power
Solar power $400-473 per Mw/h – or nearly 6 times the cost of coal power

You don’t need to be Einstein to work out that the high cost of Wind and Solar is the reason the public are being screwed with high electricity prices. The Carbon Tax just adds further pain.

ACT Labor is just too dumb to know this.

Special thanks to Tim for the ABC link.

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Andy is on holidays in a country that will probably never ever introduce a Carbon Dioxide Tax. He returns in early October 2012.