No more excuses for sloppy, inaccurate language. How can you run a country with falsehoods?
Hydropower is a generator. Pumped Hydro is giant appliance that sucks electricity and gives you back some later. In a system with reliable baseload generators it is superfluous, redundant, and entirely unnecessary. It is an expense we don't have to have, didn't need, and don't want to pay for. It can only make things more expensive than the system we used to have. Not only do we have to pay for the giant infrastructure, every day it operates we also throw away 20 – 30% of the electrons (so to speak) that go through it.
Scott Morrison says it's only $1.4 b from the taxpayer, but the total cost may be $4 billion, and as Judith Sloan says, someone's got to pay — if not through taxes, it will be added to electricity prices. The Snowy Corp may "self fund" it (a deceptively nice way to put it), but they won't be donating the money.
And the Snowy Corp couldn't "self-fund" it from electricity bills if they weren't already so ridiculously high. If we had enough coal power to keep electricity as inexpensive as it [...]
from Climate Change Skeptic Blogs via hj on Inoreader https://ift.tt/2Xo2UBy
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