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.
Despite predictions that consumers – households and businesses – will be supplying half of all electricity needs within a few decades, the automatic reflex of the institutions that govern our electricity market remains to protect the incumbents. This needs to change.
AEMO’s latest report reinforces Alan Finkel’s assessment that Australia’s grid is not fit for 21st century, and needs rapid change. Its chairman compares fossil fuel plants to petrol cars, and struggles to accept the pace of technology change. You won’t find a fuel cap on an electric car.
AEMO report cites future of gas-powered electricity generation as “greatest variable” in fortunes of Australian gas industry.
AEMO report into blackout suggests fall in wind output, caused by an easily fixed “self protect” mechanism, was main cause of blackout. But wind industry says catastrophic fall in voltage as transmission lines fell was biggest culprit. And everyone wonders why AEMO had no plan B.
Preliminary report into SA blackout appears designed to help the Coalition to beat state ministers around the head about renewables. But the AEMO report fails to answer key question, including how it handled events in the lead up to the storms.
Regulator report into SA high price event shows generators have a new way to exploit their market power, underling the case for rule changes.
ACT Energy Minister says AEMO’s conservative estimates on battery storage value highlights institutional barriers to low-carbon shift.
It’s hard to overstate the bizarre nature of the gas market in Australia.