Coal still our best option
THE climate change warriors were quick to dismiss my comments made on Sky News on Friday night about the cheaper cost of power in Queensland compared to other states over the past few weeks.
According to the Australian Energy Market’s data for this month, Queensland has the lowest priced wholesale electricity in the country.
We are averaging about $89.20 per megawatt per hour, compared to South Australia, which sits at $115 per megawatt, per hour. On January 3, it was $137 an hour in SA.
Queensland has just one wind farm and 60 per cent of our power is generated from coal. In SA, wind and solar are its poison on most of its power supply, and the costs are much higher. In fact, SA has among the top five power prices in the world.
Coal is also keeping electricity prices down in NSW as energy flows through the NSW-Queensland interconnector at Goondiwindi.
The moral of the story? Back Bill Shorten’s renewable energy targets over the next decade and expect your power prices to go up significantly. Phasing out coal-fired power is tantamount to turning the lights off on the national economy.
That’s why PM Scott Morrison must exit the Paris Agreement to give voters a clear choice come May.
Do they want unsustainable renewable energy targets under Labor or are we going to do what Japan, Korea and China continue to do and back coalfired power stations?
Any other explanation is just urine and wind.