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Abbott changing the rules at half time on Renewable Energy Target : Comments
By Guy Ragen, published 2/10/2014The renewable energy target is now being targeted by the Government precisely because it is working so well to reduce pollution.
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It even worked, sort of. It cost more than "proper" power, but was not ruinously more expensive, in season. That was the catch, the in season bit.
Depending on the cane season they got 5 to 7 months production, & a hugely expensive down time of 5 to 7 months.
I don't know how much was spent trying to find a way of using the plant in the rest of the year, but it was hundreds of millions, by the time they gave up.
They had a very quirt auction of the plant to make it disappear. I gathered at the time the auction realised less than 10% of the capital investment in the place.
Are you really telling me they have done it again. It would have to be another Labor deal, buying ridiculously expensive electricity in the name of renewable energy. How many times are the taxpayers going to have pay for these Labor fools buying a few votes from the ratbag fringe?