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OT: Moorabal/Lal Lal wind farm 25-Aug-2009 At 5:09:28 PM evanbb

Message

On 25/08/2009 psd wrote:

>I don't think it's that different - I think most people would equate paying
>more than they would have for a given product as a result of a statutorily
>imposed obligation to support something that's in the public interest as
>either a subsidy or a tax (even though it doesn't fit the definition of
>either).

Splitting hairs but probably true. However, the REC scheme does not favour wind in any way; just encourages renewables. In any case, either does not support the assertion from above that wind is "heavily subsidised".
>
>The risk is neither here nor there as it's factored into the REC price
>(by project developers and their financiers) or the price passed on customers
>(by retailers).

Ergh, not sure what you mean there, but the financial risk during planning is that the value of RECs would drop to zero. This has happened in the NSW GGAS scheme, and would have happened if the MRET bill had not been passed last week.
>
>I don't think there's a material number of people that buy greenpower
>products but happy to be proved wrong - it would be an interesting statistic!

From the 2009 1st quarter report
Total Greenpower customers 984,024
From: http://www.greenpower.gov.au/admin/file/content13/c6/greenpower_quarter_01_final.pdf
Page 4 of the pdf.

That's almost 1 million people! A lot more than I would have guessed. 1/22 or so. Very interesting indeed. I thought it was closer to 300,000.