Queensland prices soar again; more on AGL’s cheap price for wind energy; and battery storage costs falling quickly.
As expected, France was heavily dependent on power imports during the first cold spell of this winter, even with most of its nuclear reactors back online. And it is paying twice as much for peak power as Germany.
The inevitable has apparently happened; utility-scale solar-generated power appears to be cheaper than wind – and both are cheaper than fossil-fuel generated power.
Old energy rules were all about locking in cheap base-load power, and supplementing it with more expensive capacity, generally gas, to meet the peaks. The new way is about putting in super-cheap, “base-cost” renewable power at the heart of the world’s grids.
Spot electricity prices have gone through the stratosphere this summer, particularly in Queensland where average prices have been more than double of renewable energy leader South Australia.
It feels like every other day there’s at least one new article touting blockchain as “the next big thing in energy.” But the blockchain is a bit of an esoteric concept to most of us. So, what is it?
Over the last 12 months, the Australian CleanTech Index recorded a gain of 30.4%, miles ahead of the mainstream index.
We are in the midst of experiencing the impacts of dangerous global warming, which made it all the more jarring when the Federal Government came out championing the big polluters that are driving global warming.
Origin Energy should consider a bid for NSW network operator Endeavour Energy and/or make a serious push into the Queensland renewable energy market, with the aim of developing Australia’s first large scale “renewables energy on demand” business.
Worldwide spending on clean energy fell 18 percent from 2015’s record high. However, even as spending ebbs, the amount of wind and solar connected to power grids around the world is still climbing.
Spot electricity prices averaged $447/MWh for the week in Queensland, and surged above $13,000 on a couple of occasions. Of course, there is no newspaper article when this happens because, since there is basically only rooftop PV in the state in the way of renewables, there is no convenient scapegoat.
The factory is producing lithium-ion batteries both for Tesla’s energy storage products and electric vehicles
ESCOSA decision to remove the minimum price for solar exports shows lack of understanding in the South Australian electricity market.
Tesla was the dominant news force in 2016. The other big themes were battery storage, the price falls in wind and solar, the big shift from centralised energy, and politics, politics, politics.
The year that was: Donald Trump, soaring temperatures, mass-market EVs, and price parity – even in NSW – for solar and storage.
India’s new draft National Electricity Plan concludes India does not require any new coal-fired power stations and its energy minister says it must look beyond fossil fuels.
You couldn’t dream up the crazy set of events that have driven fears that South Australia is a sign of the threats to come to power supply reliability.
The AEMC really needs to get its act together in terms of more forward looking in terms of its approach to modelling.
Two new studies of different ice shelves have seen major melting that could portend a less stable future for the region.
JP Morgan say that with rapid coal generation closure, AGL may be worth more than the market currently thinks. But maybe not.