Australia is home to the cheapest energy sources in the world yet we have the highest electricity prices. For the Coalition to introduce the Energy Assistance Programmers (EAP) ahead of the election says how ridiculously poor the policies surrounding energy are to have to introduce it in the first place. No matter what Australia does on the renewables front our impact on global temperatures on a worst case basis are near as makes no difference zero by 2100.
Why do we continue to hobble ourselves by making our industries less competitive and saddle consumers with nose bleed electricity? SA & Vic already give us the beta testing grounds to prove that renewables are unreliable, inefficient and impractical. The idea they are cheaper than baseload is utter rubbish given at their best, renewables operate at 20-25% of stated capacity generation. Which means they’re 4-5x more expensive per output claimed.
In any event, providing people with power credits just shows how ideology has overridden sensible economics. Look forward to higher energy bills and buyer’s remorse if energy policy seeks to create more of the very shortcomings that have made themselves so abundantly clear. This is willfully irresponsible.