Jack Gilding, at Renew Economy, debunks government commissioned modelling on the proposed ‘Marinus Link’ undersea cable to further connect Tasmania to the National Electricity Market.
He reports that Marinus Link and the Tasmanian Government are about to commit energy consumers to paying $5B for a project where the final cost and benefits are unknown and the risks are almost entirely borne by electricity consumers from 2030 onwards, and disproportionately by Tasmanian consumers.
And it’s all to ensure corporate investors do well on the NEM, and state government gets to take a cut.
This is the real reason TasNetworks are building a vast new grid, on our dime, dwarfing the costs of the proposed Hobart AFL stadium.
All that privately-owned renewable energy will go straight to the mainland, so we’ll just have to hope TasHydro can buy some of it back when it’s ‘cheap’ or simply when we need it.
It’s lucky for the government that we’re all distracted by the stadium debacle.
For more details, read on…
