How the fossil the fuel industry has screwed energy consumers

As we absorb the hysterical claims – in the ABC, Fairfax, the Murdoch media and commercial TV – about the prospect of imminent power shortages, let’s just cast our eyes back just two and a half years when the fossil fuel industry was predicting …. wait for it …. an unprecedented supply glut.

According to the Australian Energy Market Operator at the time, there would be no need for any new generation for up to 10 years in south-eastern Australia, because of what was then described as that “unprecedented glut”.

“What we’re saying is that is that there’s an oversupply of generation capacity at present,” an AEMO spokesman, Joe Adamo, told the ABC at the time. And you can see that from those forecasts there.

Read the story by Giles Parkinson on RenewEconomy - “How the fossil the fuel industry has screwed energy consumers.”