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.
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.
Australia remains one of world’s most expensive places to develop renewables, when it should be one of the cheapest.
Another of Australia’s dirtiest coal-fired generators has closed due to the confluence of incompatible energy market conditions. So how does that match with what the conservative types are telling us?
Greens win bid for Senate Committee to investigate potential for a battery storage “boom” in Australia, to boost renewables and the resilience of the grid.
Bloomberg New Energy Finance says Turnbull intervention into energy debate is a “worrying sign” and suggests Coalition could be using South Australia to weaken confidence in renewable energy investment.
Alan Finkel to lead a review of Australia’s electricity market, but states hold to individual renewable targets after Coalition failed to offer a post 2020 target. Battery storage a major focus.
The governing body for our energy market, the Australian Energy Market Commission, has just missed a major opportunity to modernise our electricity networks.
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.