Another Hazelwood-size batch of renewables coming on line in Australia by 2020.
That’s 1600MW of random subsidized energy dropping into a market that is artificially priced to value weather-changing potential over reliability. Now, even the bosses of two gentailers which both benefit from renewables subsidies are warning things are chaotic, going to get turbulent and more expensive. Why do they admit this? Probably because they want the government to add another layer of policy interference to reward “firm capacity” which they both also own.
Instead, lets get the government and the RET octopus off our grid. Surely we can set up a market that allows players who want electricity at 9am tomorrow to pay more for generators which can actually guarantee to be there. All the market players who don’t care when or if electricity arrives can buy the unreliable energy. Which businesses, industries or homes can use electricity that arrives at midday and random other times, remembering that wind power drops to 5% of capacity for days sometimes:
Renewables threaten volatile power supply, says AGL, Origin bosses
Perry Williams, Matt Chambers, The Australian
Power giants AGL Energy and Origin Energy have raised concerns […]
October 10, 2018 at 12:48AM