Fans of expensive, unreliable, part-time electricity that has to be replaced at short (or no) notice by other power sources should look away now.
South Australia is renowned as a renewable energy ‘superpower’: by some strange coincidence, it’s also renowned for having the highest retail power prices in the world.
Wind and sun worshippers keep telling us that by plugging into nature’s wonder fuels we’ll soon enjoy power at 1970s prices. Except that that mantra is part myth and part fantasy and, wherever you find endless seas of solar panels and windmills, power prices just keep on rocketing. In SA, wholesale power prices doubled in just 12 months:
For power punters battered with crippling bills, predictions don’t count for much. But still renewables rent seekers keep pumping the line that, one day soon, power prices will plummet. Here’s Donn Dears spelling out precisely why they won’t.
EIA Energy Forecasts Part 1
Power for USA
6 March 2018
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April 1, 2018 at 04:12AM