History Matters: Green Energy Inflation in Australia (2007-2017)
The CO2 Coalition’s Economics Associate, Darren Brady Nelson, initiated the commissioning of the 2017 independent study by Dr Alan Moran for Senator Malcolm Roberts entitled The Finkel Report’s Recommendations on the Future Security of the National Electricity Market: Impacts on the Australian Economy and Australian Consumers. On page 5 there was a very telling graph, created by Mr Nelson for Dr Moran, showing “Electricity CPI” versus “All CPI” (1980-2017). The former was mainly driven-up by ‘Green Energy Inflation’ (2007-2017) especially by the anti-competitive regulations, subsidies and cross-subsidies in favor of unreliable and expensive wind and solar power.
Originally published here by Regulation Economics on 30 June 2017.