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.
Category: News & Commentary
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?
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.
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.