Renewable Power Australia – Your Family Is Paying $260 A Year On Useless Green Power

Posted on Tue 08/19/2014 by

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Bolt New 01By Andrew Bolt ~

20120510_wind_farm_retangularThe green energy industry has not just wasted a grotesque amount of the public’s money. It has done this without making the slightest difference to the climate:

Alan Moran on the renewable energy target, which forces us to use wind and solar power:

[T]wo studies of the RET have independently placed its net present value cost at $29-$37 billion.  Even if it were closed today its costs would be $6-$16 depending on the assumptions…

In terms of the direct impact on electricity consumers, the burden of renewable requirements this year is estimated by the energy regulator to add 12 per cent to the average household’s electricity costs. That’s about $260 per year.

That is $260 a year paid by the average family to keep green carpetbaggers in business with no benefit at all to the environment.

UPDATE

Senator Matt Canavan on the great green rort:

Last week, the nation was gripped by the spectacle of a “regressive” fuel tax that would cost the average consumer $20 a year. The same people who pillory the Treasurer for indexing fuel excise argue for a RET more than twice as costly. At least fuel excise will help build roads, whereas the RET doesn’t make electricity more reliable or powerful, it just makes pensioners and the poor go without heating or airconditioning to subsidise the lucky few with the resources to invest in the latest fad: renewables.

The RET is an extremely expensive form of emission reductions, between double and six times the cost of the carbon tax.

And it doesn’t stop there. The big losers from the RET are those industries that use lots of energy, such as aluminium and fertiliser producers. Some economic modelling finds that the RET will lead to 5000 fewer jobs.

Andrew Bolt is a journalist and columnist writing for The Herald Sun in Melbourne Victoria Australia.

Andrew Bolt’s columns appear in Melbourne’s Herald Sun, Sydney’s Daily Telegraph and Adelaide’s Advertiser. He runs the most-read political blog in Australia and hosts Channel 10’s The Bolt Report each Sunday at 10am. He is also heard from Monday to Friday at 8am on the breakfast show of radio station MTR 1377, and his book  Still Not Sorry remains very widely read.

Read more excellent articles from Andrew Bolt’s Blog . http://blogs.news.com.au/heraldsun/andrewbolt/