Some interesting admissions coming out about how costs are going to be multiples of what's been stated and the plan isn't going to work anyway. Electricity prices are only going one way under Albo and that is skyward, fast!
"The Australian Energy Market Operator’s Integrated System Plan (ISP) has been a disaster. Transmission lines that were identified seven years ago as “critical”, and that AEMO said would be commissioned by now, remain on the drawing board.
HumeLink (“SnowyLink North”
is now estimated to cost six times what AEMO said at first, and that is before counting interest during construction"
"In collaboration with others, for the last six years I have drawn attention to AEMO’s systematic under-cooking of costs and land-use impacts and over-egging of benefits, to conclude that AEMO’s “NEM-link” vision of massive interconnectors does not stack up"
"Following the enormous surge in their borrowings over the last decade, the three big states (NSW, Victoria and Queensland) have no-where near the fiscal capacity needed to make an energy transition at the rate that Australian Government policy is seeking"
https://reneweconomy.com.au/watersh...-our-best-chance-to-get-renewable-grid-right/"The cost of new transmission line projects have soared by up to 55 per cent over the past two years, leading to a major rethink of how Australia navigates its transition from coal to renewables over the coming decades"
https://reneweconomy.com.au/aemo-fl...-plan-as-costs-soar-and-social-licence-bites/
