Australian Summer Forecast: More Blackouts & Rocketing Power PricesPosted: September 9, 2017
“With wind power output heading south, the spot price for the 5 minute interval topped $9,000 per MWh for something that costs coal-fired plant less than $50 to deliver (at a profit).”
“As wind power output collapsed…the period from 4pm to 7pm saw the 5 minute interval price twice top $13,000 per MWh.”
“The Victorians that cheered when Hazelwood closed its doors are going to get a taste of what South Australians call their very own: a costly brand of virtuous misery.
This Summer, it’s every man for themselves. Welcome to your wind powered future!”
THE incredible cost of “save the planet” virtue signalling for all to see – if you can afford to turn your lights on, or not suffering through another blackout!
WE really are living in the age of collective ‘climate change’ insanity.
TSK tsk tsk 🙈
Australia’s decade-long dalliance with sunshine and breezes is about to get really, really serious.
South Australia’s reputation as both Australia’s wind power capital and the home of the highest power prices in the world, and mass load shedding and statewide blackouts is no coincidence.
The implicit purpose behind Australia’s Federal Large-Scale Renewable Energy Target is to promote wind and solar power at the expense of the cheap and reliable stuff.
The Federal LRET has been so ‘successful’, that South Australia is now the butt of international jokes. However, this Summer will find Victorians in the same predicament.
South Australia blew up its last coal-fired power plant this year (an early victim of the LRET) and the Federal Coalition stood idly by while Victoria allowed its 1,600 MW Hazelwood plant to close earlier this year – all to cheers from lunatics like Jay Weatherill and Daniel Andrews. Predictably, the wholesale price…
View original post 1,964 more words