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.
Articles by David Leitch
The year that was: Donald Trump, soaring temperatures, mass-market EVs, and price parity – even in NSW – for solar and storage.
The AEMC really needs to get its act together in terms of more forward looking in terms of its approach to modelling.
Most people agree with the concept of climate change. For those of us that think it’s a relatively urgent issue the challenge is how to make it front of mind for voters.
Australia remains one of world’s most expensive places to develop renewables, when it should be one of the cheapest.
It’s obvious there is not much rational thought in some quarters of the conservative parties, and Malcolm Turnbull will come to regret his change of tone on climate change just as Kevin Rudd did.
Spot prices in NSW and QLD are up 70% over a year ago, and gas prices have doubled. The idea that more gas fired generation is going to solve energy security needs in the medium term seems fairly untenable.
Gas price jump pushing up electricity prices in Queensland, while post-Trump spike in bond rates will push up financing costs for renewable energy projects.
The rising cost of gas generation has more than doubled electricity prices in NSW and Qld, with Qld facing a particularly expensive summer.
Future prices the big news this week, with dramatic jumps in even the FY17 futures price, as traders zoom in on the June 17 contract, the first one due after the Hazelwood close.
Car industry decline may explain falling volumes. Meanwhile, renewable advocates should prepare for price backlash on renewable closures; and what’s behind a change of view on regulatory decisions?