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Electricity prices set to soar as a result of government policy
The Australian ^ | August 30, 2010 | Annabel Hepworth

Posted on 08/29/2010 5:56:31 PM PDT by george76

power prices are set to increase dramatically. Origin Energy boss Grant King said that complying with the mandatory renewable energy target (RET) and network spending would put upward pressure on energy prices.

"That's not of our making, or anybody other than policymakers...That's just the inevitable and logical consequences of the policies" that governments are implementing.

His comments follow both federal Resources and Energy Minister Martin Ferguson and his opposition counterpart Ian Macfarlane warning in separate interviews... that power prices were likely to double in the next five to seven years.

Mr King said that estimate was "possibly conservative" and added that many consumers of utilities faced "a real come to Jesus moment" as suppliers were forced to re-price energy, water and other essential services.

Wind farms would cost between $100 and $125 per megawatt hour, compared with $30 to $40 per MWh for coal.

Moreover, the intermittent nature of wind means that it would need to be backed up with big-ticket investment in gas turbine power plants.

Mr King said he suspected that policymakers "didn't truly know the cost" of policies that had been introduced.

(Excerpt) Read more at theaustralian.com.au ...


TOPICS: Australia/New Zealand; Business/Economy; Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: coal; electricity; energy; hoax; mandatory; renewable; renewableenergy; unexpected; wind; windfarms

1 posted on 08/29/2010 5:56:33 PM PDT by george76
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To: george76
Mr King said he suspected that policymakers "didn't truly know the cost" of policies that had been introduced

That's right. You have to pass the bill to see what's in it.

2 posted on 08/29/2010 6:02:19 PM PDT by hinckley buzzard
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To: george76
Mr King said he suspected that policymakers "didn't truly know the cost" of policies that had been introduced.

That's pure Barbara Streisand

3 posted on 08/29/2010 6:05:51 PM PDT by NonValueAdded ("Obama suffers from decision-deficit disorder." Oliver North 6/25/10)
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To: george76
Wind farms would cost between $100 and $125 per megawatt hour, compared with $30 to $40 per MWh for coal.

Then why mess around with coal?

Planting wind looks like the most logical approach to producing energy at the lowest cost.

4 posted on 08/29/2010 6:11:06 PM PDT by EGPWS (Trust in God, question everyone else)
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To: george76; LucyT; ExTexasRedhead; blackie
Wind farms would cost between $100 and $125 per megawatt hour, compared with $30 to $40 per MWh for coal.<>/p>

Coming soon to America, courtesy the Obama green agenda:

Obama czar's shock admission - green jobs goal is 'complete revolution' away from gray capitalism?

"We are going to push it and push it and push it."


5 posted on 08/29/2010 6:29:38 PM PDT by MamaDearest
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To: george76

“Off the grid” is where I’d like to be....


6 posted on 08/29/2010 6:30:53 PM PDT by nagdt ("None of my EX's live in Texas")
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To: george76
Mr King said he suspected that policymakers "didn't truly know the cost" of policies that had been introduced.

No $#!+, Sherlock!

7 posted on 08/29/2010 6:33:39 PM PDT by Grizzled Bear (Does not play well with others)
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To: george76

how “unexpected” .....


8 posted on 08/29/2010 6:36:06 PM PDT by mo
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To: NonValueAdded
That's pure Barbara Streisand

Easy there, they may have acted from the vantage point of complete and utter ignorance. Clearly, the policy makers know neither their tit from their elbow nor their nether orifice from a hole in the ground.

Their performance is in line with the expected results of a group a toddlers set free with a case of whiskey and the keys to the family car.

9 posted on 08/29/2010 6:38:30 PM PDT by Grizzled Bear (Does not play well with others)
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To: EGPWS

Huh?????


10 posted on 08/29/2010 7:15:55 PM PDT by WHBates
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To: NonValueAdded
Well at least it's comforting to know that it just isn't our moron politicians doing really stupid stuff.
11 posted on 08/29/2010 7:18:11 PM PDT by WHBates
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To: nagdt
> “Off the grid” is where I’d like to be....

I'm off-grid, in upstate NY, with photovoltaic panels as primary source and a (currently offline for maintenance) 1940's Jacobs windplant as secondary source.

Initial capital investment was substantial, but has long since been recovered by not paying NYSEG (utility) bills. House has standard 120VAC power wiring throughout. House design is very energy efficient, and there are a few compromises (refrig and stove are propane, not electric). But a visitor can't tell it's not totally "normal".

Only problem is, due to the fact that this is the least sunny area of the continental U.S. other than Seattle, with the windplant offline there are times in the fall and winter when I have to supplement the PVs with a gas generator for a couple hours a week. That won't be a problem when the windplant is running again.

I encourage you to look into going off-grid. It's a great feeling to not suffer utility power outages, and not pay a utility bill. But doing so requires some research, and some care and feeding of the gear, since you're effectively your own power company.

12 posted on 08/29/2010 8:05:45 PM PDT by dayglored (Listen, strange women lying in ponds distributing swords is no basis for a system of government!)
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To: MamaDearest
"We are going to push it and push it and push it."

Translation: Our corporate campaign contributors, many of whom buy the worthless bonds we use to buy votes, are telling us to push it and push it.

It's a tax.

13 posted on 08/30/2010 6:54:37 AM PDT by Carry_Okie (The fourth estate IS the fifth column.)
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To: dayglored
that substantial, initial capital investment is keeping us in slavery to the grid...

where is the capitalist hero to make the systems affordable for startup ???

14 posted on 08/30/2010 9:00:56 AM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: MamaDearest

You can count on a total meltdown!


15 posted on 08/30/2010 12:12:40 PM PDT by blackie (Be Well~Be Armed~Be Safe~Molon Labe!)
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