Nearly every Australian will pay some part of the cost of the Abbott Government’s decision to effectively stop investment in generation.
Articles by David Leitch
The gas initiative and the ministerial powers are interesting, but the biggest thing is the battery storage tender.
The sharp rise in grid delivered prices provides renewed incentive for distributed generation, so PV installers and battery sellers should be out there doing the rounds.
Denmark’s wind and PV share of generation is much the same as South Australia, yet Denmark’s system is the most reliable in Europe and 3X as reliable as Sydney.
Coalition government will be grateful that more wind and solar will be built in next few years, because they will help keep a cap on electricity prices.
In every State no more than 2 players account for more than 50% of generation market share. That doesn’t encourage competition and is pushing up prices.
Queenslanders would pay much less for power if the generation sector was split up. The use, or non-use, of the Wivenhoe pumped hydro storage facility illustrates why.
Coal dependent NSW, Queensland and Victoria facing biggest rises in electricity costs, possibly more than 20 per cent based on recent prices.
Existing gas generation in South Australia is expensive, inefficient, highly polluting, and controlled by just two market players. Battery storage is a smarter and cheaper option.