As the cost of solar, storage and wind continue to fall, the pressure on utility business models and their so-called “parenting advantage” will increase significantly.
Tag: "energy markets"
What can sensibly be done to get us Australia out of its current electricity market mess? The real problem is not renewables – it’s poor governance.
The inevitable has apparently happened; utility-scale solar-generated power appears to be cheaper than wind – and both are cheaper than fossil-fuel generated power.
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.
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.
New York Governor Andrew Cuomo promises declining carbon emissions even as the state closes the Indian Point nuclear power plant.
Origin Energy plans to float upstream oil and gas business, to focus on CSG and energy markets. Stopped short of fossil fuel exit.
Grant King steps down with his exceptionally high regard diminished by the APLNG adventure, while APA flags a new pipeline, betting on rising gas prices.