Minister Frydenberg oddly misleading about Queensland wholesale power prices

Minister Frydenberg oddly misleading about Queensland wholesale power prices

via Errors in IPCC climate science
http://ift.tt/1F9oSq3

Australian Energy Minister Josh Frydenberg states “In Queensland, over the first five months of this year, electricity consumers paid the highest wholesale prices in the NEM, 30 per cent above the average.”
That statement may be technically true but the chart of AEMO daily prices shows it to be misleading. In fact Qld prices were only notably higher than other States during two price spikes in January and February – for the more than four months post 24 Feb 2017 Qld prices have been subdued compared to the other four States in the Eastern Grid.
Starting the chart on 1st Sep 2016 to clear the price spikes relating to the closure of the Port Augusta coal fired generators – NemWatch – AEMO Price-Demand charts – AEMO Raw daily RRP wholesale price data – NEM Dispatch Overview – Larger version chart

via Errors in IPCC climate science http://ift.tt/1F9oSq3

July 11, 2017 at 03:32AM

Leave a comment