High efficiency coal still cheaper than renewables

Surprisingly expensive for generating electricity

Yes, despite all the technology that must go into HELE (high efficiency, low emission) coal fired power stations, they are STILL cheaper than farts and sunbeams. What a surprise:

The construction of a new high-efficiency, low emissions coal-fired power station, being considered by the Turnbull government, would cost $2.2 billion — considerably less than the $3bn of subsidies handed out to renewable projects each year, a new technical study shows.

With Australians facing further hikes in their electricity and gas bills following moves by ­energy companies over the weekend to increase bills by up to 20 per cent, Malcolm Turnbull is under pressure to deliver relief for households, small businesses and manufacturers.

New analysis, compiled by power and energy sector specialists GHD and Solstice Development Services, reveals it would cost $2.2bn to build a 1000MW ultra-supercritical (USC) coal-power plant and that it would ­deliver the cheapest electricity on the market.

[Read more…]

Renewable energy targets to hit electricity bills hard

Price going up

The shocking reality of the government’s ill-conceived renewable energy targets is about to hit home, and that’s before we take a carbon [dioxide] price into consideration:

HOUSEHOLD electricity bills are set to skyrocket up to 30 per cent by mid-2013, with the Gillard government’s renewable energy scheme responsible for 11 per cent of that increase, a report by the government’s chief energy adviser has found.

The costs of the Renewable Energy Target – which provides generous subsidies for rooftop solar schemes and large-scale projects such as wind farms – will explode by 360 per cent over the three years to June 30, 2013, as power companies try to meet the target of sourcing 20 per cent of their energy from renewable sources by 2020.

The report comes as Australia’s biggest carbon emitters press for states that refuse to wind back costly rooftop solar and other programs to be penalised in the GST carve-up or be denied funds under the Commonwealth Grants Commission.

The Australian Industry Greenhouse Network, whose members include BlueScope Steel, said the case for reform was only growing and demanded the immediate withdrawal of commonwealth and state renewable energy programs that the Productivity Commission found were costing billions of dollars but achieving little. (source)

Just the same old story, green gimmicks that achieve nothing for the environment and cost ordinary people dear.

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