"A $60 billion black hole has torn through the Albanese Government’s 2030 renewable energy plan exposing a Labor lie and leaving everyday Australians to pay the bill.

A leading energy economist has revealed that more than $60 billion of mega energy projects, which Labor is seeking to build by 2030, are unaccounted for in Labor’s logic despite its significant impact on the energy prices paid by households.

The concerns arise through the GenCost study which evaluates the levelised cost of electricity for different energy generating technologies and provides the central justification for Labor’s radical energy experiment.

Shadow Minister for Climate Change and Energy Ted O’Brien said Labor’s Climate Change and Energy Minister had deliberately misrepresented the study to blind Australians of the true cost of Labor’s plan.

“Chris Bowen has buried a $60 billion black hole in Labor’s radical energy experiment, and it will be everyday Australian households and businesses that pay the price,” Mr O’Brien said.

“It’s high time that Labor came clean with the Australian people and explained the true cost of its radical energy experiment.”

“Australians are paying some of the highest energy bills in the world despite false promises from Labor that it would cut household power bills by $275.”

The whopping $60 billion price tag was calculated by experienced economist, David Carland in a formal submission to the CSIRO and includes projects such as Snowy 2.0, Marinus Link, VNI West and the Battery of the Nation.

The total figure is likely to be far larger with many more costs associated with household energy storage and distribution costs unknown.

“How deep does this black hole go?” Mr O’Brien asks Labor’s Climate Change and Energy Minister.

“Labor’s energy pathway does not account for one cent of the enormous network integration costs and there are billions more to be uncovered.”

WTF?

So shadowminister provides us with a cut-and-past directly from the Liberal Party website.

He does not include the quote "“We need to replace Labor’s dangerous ideology with a balanced ‘All-of the Above’ approach that allows for a mix of different technologies, including renewables.”

Renewables are in the mix and even the "anti-everything" Liberal Party agrees.

The issue is not IF it will be done but HOW.

Fewer than a third of voters wanted to trust Labor with their money, or anything else. But, thanks to our ridiculous voting system, which has the Greens aiding and abetting Albanese's crimes, down, down, down we go.

Dear Shadow Minister,

What a shame that new ideas instead of being welcome
for the opportunities they open up for the
improvement of the human lot are seen as threats to those
who've become comfortable in their ideologies.

Issues which require radical solutions are seen as
harming economic and vested interests. Support of the status
quo is beginning to wear thin.

The Liberal Party claims are misleading.

We have a series of continuing trends that could reduce
the capital cost.

We have technological improvements, reductions in turbine
efficiency We have a growth in generation from roof top
solar. Advances are happening.

More than 75% of our fossil-fuel power plants are past
their use-by date and will have to be replaced anyway.
This re-investment will be reflected in the price
charged for electricity.

Wind power will be the most cost effective replacement
as it is now the cheapest new build power source.

A high renewable energy target will increase competition
in the energy sector with the effect of putting downward
pressure on electricity prices.

Things are changing - and the old political tactics
of continuous criticism and nay saying will not garner
votes. Voters are better educated and no longer swallow
the old party-lines. They're becoming more aware and
thinking for themselves.

Foxy,

Labor legislated a target of 45% reduction in GHG emissions by 2030. Energy professionals estimate that in order to meet this deadline Labor needs to spend nearly an additional $10bn a year to put in the renewables and the infrastructure to support them.

No new technology is going to suddenly arrive in the next 5 years. This is yet another case of Labor promising something that they have no intention of delivering.

Dear Shadow Minister,

I won't insult your intelligence
that you actually believe what you're posting.
Time will prove that Labor is on the right track.
And that the Liberals have never had any energy policies
of any substance. When they do - then you'll be on
better ground to critique Labor. For now - best not
to comment or quote from their websites.