So what are the fruits of that tree? You know, no fossil fuels, 100% reliance of "renewable" energy? That sort of thing? A billion dollars for a single day's power bill:
The cost of electricity on Thursday in two states of Australia reached a tally of $932 million dollars for a single day of electricity. Thanks to David Bidstrup on Catallaxy for calculating it.
In Victoria, per capita, that means it cost $110 for one day’s electricity. For South Australians, Thursday’s electricity bill was $140 per person. (So each household of four just effectively lost $565.) In both these states those charges will presumably be paid in future price rises, shared unevenly between subsidized solar users and suffering non-solar hostages. The costs will be buried such that duped householders will not be aware of what happened. Coles and Woolworths will have to add a few cents to everything to cover their bills, and the government will have to cut services or increase taxes. No one will know how many jobs are not offered or opportunities lost. This is the road to Venezuela.
If Hazelwood had still been open, the whole bidstack would have changed, quite probably saving electricity consumers in those two states hundreds of dollars. Eight million Australians could have had a weekend away, gone to a ball, or bought brand new fishing gear. And this is just one single day of electricity. If Liddell closes, things will get worse, no matter how much unreliable not-there-when-you-need-it capacity we add to the system. Indeed, the more fairy capacity we add, the worse it gets. NSW will soon join the SA-Vic club.
This is what happens when an electricity grid is run by kindergarten arts graduates who struggle with numbers bigger than two.$500 per family for a single day's electricity. There's your Green New Deal. The only question is why Australians are not rioting in the streets and burning their politicians in effigy. Maybe the reason is that we see voters going for this madness here, too: Georgetown Texas household electricity bills rise by $1200/year due to "100% renewable" power.
Frankly, I can't think of a more regressive tax - it falls heaviest on the poor and the only benefit is to let smug upper middle class liberals feel even smugger. Tagged with the post tag "evil" because, well, you know. What a nasty class war tax it all is.