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Renewables have increased costs, Australia should utilise coal and gas and energy policy must ensure affordable electricity

Energy policy should prioritise affordable electricity conversion. Since 2012, electricity costs have surged 340% due to renewables, which, despite being competitive at low demand, often raise overall prices.

By news@gippsland - 29th August 2024 - Back to News

Energy policy should be aimed at making the conversion of energy into electricity, as cheap and available as possible. Energy isn't electricity. You can't power your home with a lump of coal alone, and you can't power your home with just the sun or the wind. As such, the cost of electricity lies within the cost of converting energy into electricity. Electricity is now 340% more expensive than it was in 2012. Why's that? Because renewables have forced their way into our energy grid.

Too much reliance on renewables can increase costs. Many advanced economies have found high renewables lead to expensive electricity, Australia should leverage its coal and gas resources to avoid similar issues

Renewables increase costs

Solar, as an example, is very competitive in the early hours of the day. But keep in mind that this is also at a time when demand for electricity is very low. To benefit from the 'cheap' qualities of renewables, we only need a small proportion of solar and wind in the energy mix.

No advanced economy has a high proportion of renewables in the grid, ever resulting in lower power bills. In fact, it creates the opposite - A renewables-only energy mix creates exorbitantly expensive electricity which drives the cost of living up, and business out of the country.

Avoid failed renewables

We shouldn't have to go down the same tried and failed route, just to experience the same fate as countries like Germany, Finland, Denmark, Ireland and many others. Like us, they were blown away by the 'too good to be true' promises made by the renewables sector, and now they are paying the price - as consumers and as taxpayers.

We are at an inflection point, where what we choose to do about our energy will have significant impacts on the generation to come. We have abundant natural resources in this country - let's use it. After all, Australia's competitive advantage is in coal and gas. Let's ensure that all Australians can benefit from the natural wealth of their nation.

Pictures from Yes2Renewables Facebook page.

Source: http://gippsland.com/

Published by: news@gippsland.com