It is no surprise that Prime Minister Turnbull is having another ‘thought bubble’, this time with Tesla CEO Elon Musk. I am sure his thinking is it may create another diversion for his weak, indecisive and increasingly unpopular leadership. Using the likes of an international celebrity like Elon Musk he can appeal that he’s hip with global trends. In reality he is trying to steal Weatherill’s limelight. Taxpayers won’t want to pay up for something that hasn’t been proven on the scale that is required in South Australia. Storage isn’t Australia’s problem. It is loony renewable targets like we have in South Australia which are showing the limitations of green power. The Musk plan highlights the stupidity of
100 days or it is free is a gimmick. It is one thing to promise these packs, it is another to be able to install. The guarantee undoubtedly come with huge quid pro quos which will undoubtedly fall on the government – such as provision of land, connection to the grid etc etc. The only thing free will end up being the set of steak knives. Turnbull can whistle all he wants about storage but Australia will has a growing generation problem which will worsen with the crazy renewable targets being espoused. If states can’t produce enough electricity to meet their own demand, then there is nothing left over to store. That will mean even more expensive inefficient renewables will be sought by governments in order to feed the batteries which sadly won’t lower prices. Taxpayers will get slugged.
South Australia’s (SA) completely disastrous renewable energy policy has caused much chaos, including two recent large scale blackouts. Soaring electricity prices has been behind Coca Cola’s decision to cease operations in the state.
Originally Musk had called up SA Premier Jay Weatherill to solve the total farce his energy policies have proven. South Australia has the country’s most expensive, yet most unreliable electricity supply. SA scrapped its coal-fired power and relies on wind power for 40%of its electricity. When the wind doesn’t blow, SA relies on backup power from neighboring Victoria, which has its own ridiculous renewable energy targets. Victoria has announced the closure of the Hazelwood coal-fired electricity plant which constitutes 20% of Victoria’s power. So Victoria’s ‘pipe’ of backup will all but disappear.
Musk is a master of the deal. If we place the same faith in Turnbull’s judgement on things like new submarines, child detention centre Royal Commissions, proposals to hand income tax powers back to the states and so on we can be pretty sure he’ll probably try to do a deal with Musk. Might be worth buying Tesla shares on the basis of the Prime Minister’s unbelievable ability to stuff almost everything he touches almost guarantees it. Next thing we’ll see the number plate C*1 (the PM’s car) attached to a Tesla instead of the BMW 7-Series.