Because renewables. Nearly a billion dollars for electricity for just one day — $500 per family. That $140 (Aus) is per capita, so if you live by yourself, you might pay more. And 1 Australian dollar is 72 cents US, at the current exchange rate.
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. [My emphasis, Z-Deb]
Which seems to be the road that all the Left wants to be on.
How did Australia (Victoria in particular) end up here? Well, let’s look at an article from Victoria’s Herald Sun: VICTORIANS SWEAT THROUGH A GREAT GREEN HOAX. The story starts out with reiterating the usual Green mantra:
Lily D’Ambrosio, Victoria’s warmist Minister for Energy, in 2017 claimed Labor was helping to “deliver affordable, sustainable and renewable energy”.
Turns out, it is none of those things.
Affordable? Victoria actually had wholesale power prices hit $14,500 per megawatt hour – when prices used to average less than $40.
Sustainable? Wind power generators on Thursday delivered a feeble 3.8 per cent of the state’s power, thanks to fickle winds. They could not deliver when needed most.
Reliable? Victoria – which helped drive the giant Hazelwood coal-fired generator out of business – ran short of electricity in the heat wave, and suffered blackouts that hit 200,000 homes and premises, even after it ordered big power users like the Portland smelter to shut down.
And just for perspective, consider that people with health problems can be really impacted by blackouts. Oxygen concentrators stop working, and people have to switch to backup tanks. Which means a caregiver had better be present, and someone needs to be managing the backup supply – if blackouts are frequent occurrence. Even a lack of air-conditioning can be hard on the infirm. Insulin has been made shelf-stable, so the loss of refrigeration doesn’t impact diabetics the way it used to, but there are probably some medicines that need to be temperature controlled. (Should we talk about the use of diesel generators?)
The green contingent often downplay the economic realities, but a 36,000 percent increase in the wholesale cost of power, means you have just destroyed your economy. No one voted for that. Could you afford a $3000/month electric bill? Evey month? Most people can’t. Those who can, probably have to means to move elsewhere.
Why does Victoria, sitting on hundreds of years of supply of coal and big gas reserves, have an electricity system that can no longer deliver enough electricity?
In a word, Renewables. (Hat tip to Ice Age Now, and Pirate’s Cove.)