Déjà vu all over again liberal pm determined to squander $10 billion on pumped hydro white elephant – stop these things hp gas online complaint

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Labor’s opposition leader, Bill Shorten is determined to destroy Australia’s economic prosperity – literally overnight – with a 50% National Renewable Energy Target (matching the grand achievement that is South Australia – again destroyed by Labor lunatics). The lunacy extends the electricity fallout 4 shutting down Australia’s coal exports, the country’s single largest export earner and a major employer in regional NSW and Queensland.

At a time when the Liberal/National Coalition was starting to talk a little common sense, with reference to the construction of new High Efficiency Low Emissions coal-fired plant and underwriting the refurbishment of existing baseload generating capacity, last week’s announcement by PM, Scott Morrison that he’s determined to reboot the Snowy 2.0 pumped hydro wheeze is a case of déjà vu, all over again.

The electricity videos for students proposal for a giant pumped hydro scheme – tacked onto the original (primarily stored) Snowy Hydro Scheme – was one of the former PM, Malcolm Turnbull’s classic brain farts. Turnbull and his hapless sidekick, Josh Frydenberg (then Energy and Environment Minister) started touting what he called ‘Snowy 2.0’ in March 2017 as the Nation’s mega-battery. An earlier version of the scheme was canned in the 1970s because it was uneconomic then. Among RE zealots Snowy 2.0 has been heralded as the saviour for the Australian wind industry.

Never mind squandering 1/3 of the electricity originally generated; never mind that with the inclusion of the $85 per MWh REC the cost of the wind power involved exceeds $110 per MWh; never mind that the owners of Snowy 2.0 will charge a further $150-300 per MWh to re-deliver power to the grid; never mind that, in reality, the power used to pump the water gas bloating nausea uphill will largely come from coal-fired power electricity bill cost plants, delivered overnight when it’s cheapest. For a break down of the costs and engineering of what’s proposed see our post: Turnbull Plays ‘The Man from Snowy River’ in Uncosted Pumped Hydro Plan

Snowy was expected to ask for a “dividend holiday” if it had raised all of the funds through debt markets. However, the government’s investment ensures it will continue to receive a capital return, with Snowy paying out $265 million to government shareholders in 2017-18. Mr Broad said Snowy 2.0, designed to “firm” unreliable renewable power, would purchase power off-peak at $40/MWh, using it to generate hydro power which would be sold into the market at peak periods at about $100/MWh.

Frontier Economics director Danny Price warned Snowy 2.0 was “guaranteed to be a commercial disaster”. “If you include the full costs of Snowy, including the build cost, the $6bn cost of buying the company, and the transmission costs, you need a spread between peak and off-peak generation of about $250/MWh,” he said. “That can never happen with Snowy because electricity jeopardy game it drives up the off-peak price, and drives down the peak price.”

Morrison can and should ditch it and admit it as a mistaken decision. Yes we are coming to an election but this announcement is not going to curry favours with those who will have to pay higher energy prices, and suffer the consequences electricity and magnetism connect to form of blackouts and brownouts, while watching our Political leader having to dance to the tunes of those he superseded.

We need security and reliability of our power generation to meet the needs of today and the future, we do not need things that have been shown to not meet lauded criteria, that show no move to reducing our energy bills, and scar our once beautiful land. We need a leader who can make a decision to bring back some common-sense into the production of our energy requirements. We need to have factories built away from prime gas oil ratio formula farming lands, that don’t constantly need additions to store backup that is only able to ‘smooth’ the grid when the erratic wind fails to meet our needs with the result of constant events where we could at the drop of a hat see the Grid collapse causing pandemonium across the whole Grid.

Labor’s opposition leader, Bill Shorten is determined to destroy Australia’s economic prosperity – literally overnight – with a 50% National Renewable Energy Target (matching electricity invented in homes the grand achievement that is South Australia – again destroyed by Labor lunatics). The lunacy extends the shutting down Australia’s coal exports, the country’s single largest export earner and a major employer in regional NSW and Queensland.

At a time when the Liberal/National Coalition was starting to talk a little common sense, with reference to the construction of new High Efficiency Low Emissions coal-fired plant and underwriting the refurbishment of existing baseload generating capacity, last week’s announcement by PM, Scott Morrison that he’s determined to reboot the Snowy 2.0 pumped hydro wheeze is a case of déjà vu, all over again.

The proposal for a giant pumped hydro scheme – tacked onto the original (primarily stored) Snowy Hydro grade 9 electricity module Scheme – was one of the former PM, Malcolm Turnbull’s classic brain farts. Turnbull and his hapless sidekick, Josh Frydenberg (then Energy and Environment Minister) started touting what he called ‘Snowy 2.0’ in March 2017 as the Nation’s mega-battery. An earlier version of the scheme was canned in the 1970s chapter 7 electricity because it was uneconomic then. Among RE zealots Snowy 2.0 has been heralded as the saviour for the Australian wind industry.

Never mind squandering 1/3 of the electricity originally generated; never mind that with the inclusion of the $85 per MWh REC the cost of the wind power involved exceeds $110 per MWh; never mind that the owners of Snowy 2.0 will charge a further $150-300 per MWh to re-deliver power to the grid; never mind that, in reality, the power used to pump the water uphill will largely come from coal-fired power plants, delivered overnight when it’s cheapest. For a break down of the costs and engineering of what’s proposed see our post: Turnbull Plays ‘The Man from Snowy River’ in Uncosted Pumped Hydro Plan

Snowy was expected to ask for a “dividend holiday” if it had raised all of the funds through debt markets. However, the government electricity and magnetism worksheets 5th grade’s investment ensures it will continue to receive a capital return, with Snowy paying out $265 million to government shareholders in 2017-18. Mr Broad said Snowy 2.0, designed to “firm” unreliable renewable power, would purchase power off-peak at $40/MWh, using it to generate hydro power which would be sold into the market at peak periods at about $100/MWh.

Frontier Economics director Danny Price warned Snowy 2.0 was “guaranteed to be a commercial disaster electricity storage costs”. “If you include the full costs of Snowy, including the build cost, the $6bn cost of buying the company, and the transmission costs, you need a spread between peak and off-peak generation of about $250/MWh,” he said. “That can never happen with Snowy because it drives up the off-peak price, and drives down the peak price.”

Morrison can and should ditch it and admit it as a mistaken decision. Yes we are coming to an election but this announcement is not going to curry favours gas jewelry with those who will have to pay higher energy prices, and suffer the consequences of blackouts and brownouts, while watching our Political leader having to dance to the tunes of those he superseded.

We need security and reliability of our power generation to meet the needs of today and the future, we do not need things that have been shown to not meet lauded criteria, that show no move to reducing our energy bills, and scar our once beautiful land. We need a leader who can make a decision to bring gas 87 back some common-sense into the production of our energy requirements. We need to have factories built away from prime farming lands, that don’t constantly need additions to store backup that is only able to ‘smooth’ the grid when the erratic wind fails to meet our needs with the result of constant events where we could at the drop of a hat see the Grid collapse causing pandemonium across the whole Grid.