More fake news from The Australian today presumably?
"Australians are on track to pay more than $500 million to AGL to fund its flagship solar generators, as the energy giant prepares to shut down its Liddell coal power station, a move that has prompted warnings of a power shortfall that could lead to blackouts and price hikes.
The company has already secured $230m in direct grants and is forecast to gain far more under the renewable energy target, deepening the political divide on energy policy as the federal government considers cutting future aid to make coal more competitive.
The scale of the subsidy is now a key question in the government’s debate on whether to embrace a clean energy target, as opponents of the idea challenge AGL and others to prove that wind and solar schemes can work without taxpayer handouts.
Malcolm Turnbull and his cabinet ministers are yet to decide on whether to adopt a clean energy target but are unwilling to continue the heavy subsidy, putting a priority on more reliable power supplies, including coal and gas.
The two AGL solar farms in western NSW generate a combined 359,000 megawatt hours of electricity, just 4 per cent of the capacity of Liddell, but have secured more long-term investment than the coal power station under laws that continue the renewable subsidy until 2030."
Can't blame the subsidy miners when the fairy dust merchants provide the rules of the game but our national grid is headed for a train wreck. Pumped hydro? South Oz doesn't have any high ground to pump seawater to (we are the driest State in the driest continent remember) and good luck with you Great Dividers, etc getting pumped seawater hydro sites past the Greenies in your neck of the woods. It's like this bozos. The history of mankind's ability to store energy is pitiful apart from pumping water uphill or in the form of calories and as for electrochemical storage, I'd remind you we're still using the same lead-acid battery Henry was plonking in the Model T so go and lift your bonnet and ponder it for a while and get off the drugs.