$14,000 per MWh – the price South Australia Pays for Renewables MadnessPosted: June 29, 2017
“Once again renewables are demonstrating their total inability to cope without backup from real power generation systems.
The fallout from this disaster may extend much further than a month of insane electricity bills.”
Guest essay by Eric Worrall
The South Australian Government been forced to beg fossil fuel operators to bring mothballed plants back online, to contain wild swings in electricity spot price caused by unstable renewable production, prices which last month peaked at $14,000 / MWh – up from more normal prices of $100 / MWh which prevailed before political favouritism towards renewables messed up the market.
South Australia intervenes in electricity market as prices hit $14,000MWh
Turmoil in South Australia’s heavily wind-reliant electricity market has forced the state government to plead with the owner of a mothballed gas-fired power station to turn it back on.
The emergency measures are needed to ease punishing costs for South Australian industry as National Electricity Market (NEM) prices in the state have frequently surged above $1000 a megawatt hour this month and at one point on Tuesday hit the $14,000MWh maximum price.
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