Guest essay by Larry Hamlin
The Energy Information Administration released electricity price data on October 6 for the first 6 months of 2016 showing lower residential prices compared with the same period in 2015 largely driven by lower cost natural gas availability.
Also on October 6 Australian Prime Minister Malcolm Turnbull slammed renewable energy obsession for causing South Australia’s energy price spikes and state wide blackout.
Turnbull told the countries energy ministers that excessive reliance on wind turbines are wrecking Australia’s power grid stability which is undermining the country’s energy security. (http://dailycaller.com/2016/10/07/wind-farms-destroyed-our-energy-security-says-australian-prime-minister/)
Household electricity prices in Australia have risen 40 percent between 2007 and 2012 with Australian states pushing heavily subsidized wind energy reliance having rates nearly double those of other states.
In addition to the recent wind energy caused state wide blackout in South Australia electricity price spikes there have occurred pushing rates to 8 times higher…
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