Because of the lack of competition that could have been introduced if RET policy was held steady, fossil fuel generators can use their market power to artificially inflate prices, and somehow convince media and politicians that it is all the fault of wind and solar.
Electricity network owner attacks major energy retailers over reliability of their gas plants, the manipulation of prices and high retail fees. It says it wants rapid transition to renewables, but incumbents and market rules getting in the way.
Market rules again under focus as SA generators push up prices, and regulator report documents another incidence when gas plant “failures” and rebidding pushed prices to stratospheric levels.
Finkel says other countries “well advanced” on energy policy, technology reform, as many of 360 submissions plea for bipartisan approach.
Two large-scale batteries will be trialled as back-up power at an islanded 170MW power station in Carnarvon WA.
The energy sector was supposed to be the showcase for privatisation and market deregulation. Yet competition has failed to deliver on its promise of lower prices for customers.
Victoria’s Andrews govt launches $20m tender for proposals to work with state’s networks to install up to 100MW of grid-scale energy storage by 2018.
A look at four major policy initiatives from South Australia’s bold new energy plan.
Many are proposing the obvious, but wrong, solution to avoiding future price hikes: develop more gas production resources. This path will fail.
Tesla’s Lyndon Rive says company’s Powerpacks could fix SA power crisis in just over 100 days. Confirms Tesla “in talks” with Australian utilities.