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The Forum > Article Comments > The RET and greedy grid owners > Comments

The RET and greedy grid owners : Comments

By Luke Beattie, published 24/12/2013

Regardless of the Prime Minister's personal views on the science of climate change, it makes economic sense to encourage high energy consumers in the manufacturing industry to look at integrating renewable energy into their supply.

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Come off it fellers.

I remember that screw-up Beattie taking a couple of quarter billion dollar "Special" dividends out of Energex/SEQEB, or what ever the power generating government owned corporation was called at the time. Now that really is a subsidy, but for not from the government. Of course we paid for it, & are still paying for the huge expense of delayed maintenance & development work that resulted.

Now here's a great idea Robert LePage. Lets pay those owners of rooftop solar cells the same rate for the miserable trickle of power they produce as is paid to the main generating powerhouses.

We paid most of the cost of putting the fool things on roves, & now pay through the nose for the minor irritation of trying to use the trickle they produce. What a surprise from another fool greenie vote buying stuff up.
Posted by Hasbeen, Tuesday, 24 December 2013 10:59:21 PM
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As is usual the subsides paid for coal is glossed over.
https://theconversation.com/coal-curse-the-black-side-of-the-subsidised-resources-boom-7801
The rise of coal would not have been possible without state and federal government backing. Coal royalties are definitely important for some state finances (for example, $1.17 billion in NSW in 2010-2011, although predicted not to grow because of declining world prices). But the extent of government financial support for the industry is noteworthy.
Direct subsidies include coal terminal leases and the provision of infrastructure to transport coal to electricity generators or to port loading facilities. Federal government funding for the Hunter Valley Corridor Capacity rail upgrade totals $855 million.
The whole mining industry receives a subsidy in the form of a tax rebate on the diesel that fuels the trucks and machinery. This $2 billion a year subsidy amounts to $87 annual contribution from every Australian.
The previous Labor government undertook to supply coal from the NSW government-owned Cobbora mine to electricity generators at a third of the price that coal could sell for in export markets, in order to secure the viability of state generators prior to privatisation. As a result, the government (and the people of NSW) will forego $2.7 billion in revenue, based on current export prices, through to 2020.
Posted by Robert LePage, Wednesday, 25 December 2013 9:45:15 AM
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Robert LePage that would be one of the most dishonest posts I have seen on OLO. It is what one expects from green ratbags, so no surprise.

claiming that not applying the old road tax to diesel fuel used in mining is about as dishonest as it can get. The same goes for when it is applied to farming.

Thinking people recognized that the renaming of road tax was to attempt to spread the tax to off road fuel usage, & stop motorists complaining when it was applied to typically wasteful Labour spending on god knows what.

It was bad enough that our use of diesel in marine applications attracted the tax, as we were not strong enough to prevent it. Thank god some of the more important sections of the economy managed to stop the lefty rot.

I hope someone gives you a bag of honesty for Christmas, we are sick of lies.
Posted by Hasbeen, Wednesday, 25 December 2013 12:09:42 PM
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The target of the RET was to reach 20% of power generation by renewables by 2020. This was expressed as a fixed value. Thanks to Labor many large consumers have closed, the demand has dropped, and the RET value is now about 25%.

The RET is responsible for more electricity cost rises than the ineffective carbon tax, and should be scrapped or dropped to 10%. As much emissions reductions can be achieved by changing to gas and this should be recognised in the RET.
Posted by Shadow Minister, Monday, 30 December 2013 12:03:54 PM
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The RET is increasing the cost of electricity for residential consumers by up to 14% and for large industrial users by up to 30% already? And that is while it's contribution to electricity generation is tiny (0.2% solar and 3% wind). Imagine what the cost would be if renewables were contributing 20% or 25% of our electricity.
Posted by Peter Lang, Monday, 30 December 2013 12:29:18 PM
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