Politicians Have Sabotaged the Energy Market

The following article from Spectator Australia

‘After a decade of denial and delay, Australia deserves a better future – one with cheaper power, more jobs, and less emissions,’ said Energy Minister Chris Bowen, in his last media release prior to gaining government.

Mr Bowen advocated replacing coal generators with wind and solar, with their shares of electricity supply to increase from 30 per cent to 82 per cent by 2030. To facilitate this, he proposed spending $80 billion on transmission, thereby quadrupling its present costs.

He also ridiculed a Morrison government that ‘does not believe renewables are the cheapest form of energy, or that the world’s climate emergency is Australia’s jobs opportunity’.

Following the May election – the ALP, along with Greens and Teals – received all their Christmas presents at once with an energy supply shortage where a third of the coal generators were out of action, bringing an eight-fold increase in wholesale prices.

After two weeks in office, the new government is now silent on its ludicrous claim that its replacement of coal with high-cost wind/solar generation will save households $275 a year.

The June 8 meeting of energy ministers endorsed the transmission part of the ALP plan only to see this undermined the very next day with the announcement of delays in a crucial element – the conversion of the Snowy Hydro system into a renewables-supportive pumped hydro facility.

Panicked by the tenfold increase in electricity prices, the energy ministers announced measures to patch up the wounds in the market caused by the very political controls they were amplifying. These included giving regulators powers to trade gas, with no consideration of the effects of this on other suppliers’ actions.

Energy ministers also announced replacing the existing ‘energy only’ market with a UK-style ‘capacity market’. Such a system ostensibly offers more funding to controllable supplies like those from coal, gas, and hydro. But it is less effective and more expensive than having decisions on supply reliability made by retailers who need to balance contracts between many different sources. Western Australia operates with a ‘capacity market’ and it has added costs without improving availability.

The recent bankruptcy of half of the UK’s energy retailers demonstrates that a capacity market does not give greater security.

Fundamental harm has been done to the energy system as a result of politicians meddling in commercial matters. The creation of the National Electricity Market and privatisations two decades ago has brought to Australia the world’s most efficient, lowest-cost electricity supply.

There are two reasons why it has since gone pear-shaped.

First, governments have subsidised wind and solar, making coal and gas generators unprofitable and forcing their closure. Governments made it clear that coal generators, which supply 60-70 per cent of our electricity, have a very limited social license to operate. They inhibited access to new coal supplies, accepted activists’ attacks on coal, and closed their eyes to policies of banks that refused loans and of insurance companies that refused cover.

Secondly, governments have foreclosed exploration and development of abundantly available gas in South Australia, Victoria, and New South Wales. Astonishingly, in face of consequent shortages, the Victorian energy minister, Lily D’Ambrosio, advocated diverting Queensland gas to Victoria. In response to criticism of this policy, Premier Daniel Andrews suggested it was only possible for Victoria to supply gas if we ‘frack up the joint’ which he claims (contrary to all the evidence) will harm our prime agricultural land. The state Liberal Party shares the same policy to the great detriment of the people the politicians supposedly represent. 

The industry has been treated as the playground of politicians. They have compounded their own errors in subsidising renewables that undermine the whole system by funding the will-o’-the-wisp (which is hydrogen power) and by appointing activists to bloated regulatory agencies and to their own departments.

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Australian Notes

The following article posted on Spectator Australia The past two years have seen the trust many Australians’ have in their institutions brought to an all-time

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Responses

  1. WHAT DO CLIMATE SCIENTISTS SAY >
    https://climatefeedback.org/working-page-transcript-of-prager-us-video-what-do-climate-scientists-say/

    Malcolm Roberts One Nation
    https://www.malcolmrobertsqld.com.au/portfolio-item/climate-fraud/

    How Stupid is Australia !? While many nations are re-opening from ‘lockdown’ and building new coal-fired power stations, Australia, with one of the world’s richest mineral supplies, remains shackled AND shutting down ALL coal plants to ‘save the planet.’
    Who is to blame? Corrupt politicians or the stupid people who vote for them
    https://principia-scientific.com/how-stupid-is-australia/

    Comment >
    Stop Global Deforestation and keep planting countless amounts of trees globally continually

    345 Coal Plants being built around the world but those keeping us in the dark don’t want Australia to build a single Power Station. Why ?
    Source> Global Coal Tracker Global Energy Monitor April 2022
    https://www.facebook.com/810743851/posts/10161853390703852/?sfnsn=mo

    INFORMATION PAPER – Monkeypox, Spanish Flu, UNLAWFUL MANDATES/COVID REGIME/WHO, WEF, UN, COVID VAXX INJURIES & DEATHS/CORRUPTION/CONFLICTS OF INTEREST…
    by Diane Drayton Buckland
    25 May, 2022
    https://fluorideinformationaustralia.wordpress.com/international/mandates/

    STOP the WHO Power Grab – Total Takeover of Australian Society/Global Society
    https://fluorideinformationaustralia.wordpress.com/international/pandemic-treaty/

    INFORMATION PAPER COVID /TYRANNY / AUSTRALIAN GOVERNMENT / CORRUPTION/
    CONFLICTS OF INTEREST/VOTING /CLIMATE CHANGE SCIENTISTS /POLICE BRUTALITY /GLOBAL TYRANNY / AUSTRALIAN FEDERAL ELECTION 2022 by Diane Drayton Buckland

    https://fluorideinformationaustralia.wordpress.com/election-2022/

    ADC The Australian Arm of the World Economic Forum – Their mantra should be How to murder Democracy
    https://fb.watch/dgCSWzj3r4/

    NB CORRUPTION/CONFLICTS OF INTEREST – More stench than a Parliamentary Sewer Pit

    Information Paper – link hereunder > see Corruption/Conflicts of Interest items all through this
    Information Paper.
    Note >> From Page 40 Why You are not getting truth from Mainstream Media Empires
    Page 51 Censorship of Academic Research – A Critical Analysis of Australian Government’s rationale for its Vaccination Policy – Dr. Judy Wilyman – University of Wollongong – A Disgusting, Relentless and Abusive Campaign against Dr. Judy Wilyman to stop her.
    Page 52 International Medical Council on Vaccination
    Page 29 Information – The Truth on the Flu Vaccines/vaccinations – Absolutely ATROCIOUS DAMAGE/
    SIDE EFFECTS
    Also, please in particular, see the information on Victorian Government > Revolving Doors > Big Ties > Big Pharma > Big Medicine et al but as stated, the entire system is corrupted with systemic and extensive conflicts of interest – please look all through this Information Paper for Corruption/Conflicts and I have only scratched the surface herein !

    https://fluorideinformationaustralia.wordpress.com/election-2022/

    The entire system is totally corrupted with systemic and extensive conflicts of interest.

    If the people representing State and Federal Governments have/want ties, associations, partnerships,

    memberships, sponsorships, revolving doors with any Corporations, Companies, Groups, Government / NG Departments or anyone or any thing whatsoever THEY CANNOT AND MUST NOT PULL THE MANDATE CAPER ! No Gunpoint Medicine ever! as this is a most serious crime / corruption/conflicts of interest and the most abhorrent violation of Informed Consent / Nuremberg Principles/ Nuremberg Code on a massive scale and they all must be held responsible and accountable for these atrocious crimes against our populations.

  2. I can remember a time when there was no energy market, before the Keating / Howard years of privatising every public asset they could because the IMF told them to. The Electricity Commission built and ran the power stations and sold the electricity to the county councils who in turn sold to business and households. In real terms electricity was cheaper than now. Electricity was considered an essential public service, not part of the casino economy. And if more capacity was needed they build more coal fired power stations. Climate alarmism was yet to be invented back then.

    1. The Idea to put Lib, Lab, Greens, worked a bit, but the Greens got in on the show, “NOW” these UN run idiots are really goin to town to F^&K up our energy, Selling public assets without a referendum is unlawful, & Global warming ? C-mon, its a massive HOAX !
      The courts are “Corrupt” one of the first things the cabal did, just recently foreign corporations changed “OUR” laws against “OUR” will again, so stealing electricity is no longer a federal offence ! WTF- AGL, Foreign owned now steals your power (SOLAR) unabated, CRIMINALS are rampant, ! Don,t give the corrupt traitors a cent monica, !They will get the hangmans noose soon !

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