![turbine burns](https://quadrant.org.au/wp-content/uploads/2015/07/turbine-burns.jpg)
The Incoherent Roadmap to Net Zero
In 2021 we were confidently told that it would cost $78 billion to rewire the grid for renewables and that the average annual household electricity bill would fall by $275 under Labor because, as Anthony Albanese explained, ‘we have done the modelling’2.
Despite the Prime Minister’s assurances, the cost of transforming the grid by 2030 is estimated to be $1,500 billion (not $78 billion) and the full cost to 2060 is up to $9,000 billion[1]. Also, retail prices in Victoria are to increase by 25 per cent from July 2023, and more pain is in store for households and business when the hedging and contracts roll over and the doubling of wholesale electricity prices fully impact retail prices. As Nick Cater wrote “renewables vision is blind to the cost of calamity”[2].
It is time the Victorian public are made fully aware of the enormous cost of a reckless transition to renewables and the huge amount of land (up to 12 million ha) to become renewable infrastructure.
The…
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