Large industrial players are weighing exit strategies

By Vijay Jayaraj, April 2, 2026 3:06 am

Australia’s “green energy” experiment has turned one of the most energy-rich countries into a high‑cost outlier that guts businesses that once anchored its prosperity. The claim that “renewables are cheaper” is a slogan for the propaganda of politicians and the marketing of green grifters who betray families and employers burdened by the bills.

Fall from Economic Stardom

Australia once held a competitive advantage that was the envy of the world, with power prices consistently below the average of OECD countries, which comprise 38 mostly successful economies. That advantage fueled its mines, factories and the standard of living. But is now gone.

But since the mid-2000s, while other nations managed their grids with varying degrees of competence, Australia’s electricity prices rose to being around 30% above the OECD average. This is a massive swing in competitiveness that no government spin can hide.

Driving Australia’s current trajectory is the mythical claim that so-called renewables – mainly wind and solar energy – are inherently cheap and that any short‑term pain will give way to lasting price declines.

Australia’s ‘Renewable’ Obsession Decimates Industry – California Globe