Santa says renewables “push down prices”. Sydney Morning Herald believes him.

It’s Santa’s happy hour in electricity land

Finally, No really, renewables are so cheap we can switch to them and change the global climate for free.

This is new study by the kind of “independent” group that is totally dependent on Big Gov handouts. It compares Australian prices to other obscenely expensive countries and finds that “renewables push down prices”. Compared to what? Not compared to nations with cheap electricity. And not compared to most of the last thirty years in Australia before we added all the unreliable gear.

The tricky graphs clearly baffled Peter Hannam. If only he were a journalist, he could have asked some hard hitting questions and shown this study to be the concocted vaporous PR exercise that it was.

‘No trilemma’: Study finds increased renewables push down power prices

Peter Hannam, Sydney Morning Herald

Renewable energy drives down wholesale power prices well in excess of subsidy costs and a further expansion of wind and solar would likely push them lower still, a study of Australian and European markets shows.

If renewables actually reduced average prices, this would be a first. Around the world, the more intermittent generators you have, the more […]