While PM Albanese wants electricity-grid wrecking net-zero, he will never be able to deliver his promised $275 cheaper power bills. That’s why he has had to walk away from his first election promise already.
Transcript
As a servant to the people of Queensland and Australia, I support Senator Payne’s matter of public importance. Prime Minister Albanese’s promise to reduce electricity bills by $275 and his promise to reduce carbon dioxide output by 43 per cent are mutually exclusive. High energy prices will reduce energy usage and assist Australia to reach the 43 per cent figure. Lower prices will increase energy consumption, and that will work against the Albanese government’s target. That’s why the Albanese government so quickly ran away from his promise. The Prime Minister never intended to honour the promise, making his action cynical political expediency.
One Nation believes any attempt to implement a 43 per cent carbon dioxide reduction is a policy based on lies and distortions which do not stand up to rigorous scrutiny. Prime Minister Albanese has already signalled, across several issues, his government will be a government based on virtue signalling, not a sensible policy. For senators with no data on their side, the only option is to sell a policy on feelings. Feelings will not keep the lights on, supermarket freezers cold or hospitals open. Feelings will not warm Australians in winter or cool us in summer. Evidence based policy will. Energy deficits in several areas of Australia have already caused blackouts. The 43 per cent target will cause many more blackouts.
Rapidly increasing electricity costs will reduce consumption of electricity and buy the government time, while it asks around for a permanent solution, which is why the government is allowing this to happen. Closing down and sabotaging baseload coal has led to the national electricity racket—sorry market—showing unprecedented wholesale power prices. The average spot price of $264 per megawatt hour last quarter is more than triple the average spot price of $85 per megawatt hour this time last year. Prime Minister Albanese knew this when he made his promise, and clearly economics is not the Prime Minister’s strong suit. If the cost of an item is up 300 per cent, the chances of being able to make it cheaper without the government paying for it are zero.
Perhaps the Prime Minister can extend his employment talkfest to more aspects of government business. Let’s see if anyone knows how to use wind and solar to replace baseload coal and save Australia from electricity and energy Armageddon, because all I’m hearing so far is, ‘Build more wind and solar.’ Building more will simply add more capacity when we don’t need it, during the day, when the sun is shining and the wind is blowing. Solar and wind will need to be paired with some form of battery technology to move that generated electricity from the day, when we don’t need it, to the evening, when we do.
Coal sitting in hoppers ready to generate power on demand is the battery we have used successfully for 120 years. Alternatives to coal are thin on the ground. Battery storage costs are staggering and unsustainable: $1.5 million per megawatt hour. We need around 60,000 megawatt hours of energy in storage to ensure any 24-hour period is not subject to blackouts, yet batteries need 20 per cent above rated capacity to achieve full charge due to heat loss, which is why they catch fire a lot. This means we need 72,000 megawatt-hours of storage, at a cost of $108 billion every 12 years, the life of a big Tesla battery. That is $9 billion every year. The Snowy 2 big hydro battery currently under construction will provide 1,000 megawatt-hours daily for 365 a year at a cost of $5 billion. This means that pumped hydro will cost $300 billion to carry enough power for just one day. Of course, adding electric vehicle charging to the mix means a whole lot more blackouts and a whole lot more electricity price increases.
Net zero is an unaffordable fairy tale that will destroy our standard of living and destroy our lifestyle. We are one community, we are one nation and we know what the hell is needed to get back to affordable, reliable, stable electricity.
