Warning: Money on fire in Vic and SA electricity prices at $14,000 per MW

Prices are “off the chart” in Vic and SA right now and likely for the next few hours. Factories will be closing. Diesel generators will be running, but only in South Australia and Victoria. At these kinds of prices tens of millions of dollars could be going up in smoke every hour. By the end of today the bill could come to more than a hundred million dollars.

In QLD and NSW where there are old or evil coal fired plants the wholesale electricity costs are only $105/MWh.

Victoria

South Australia

The nation (or at least the Eastern half and 90% of the population).

h/t Ian B, LightningCamel, George.

Rating: 10.0/10 (1 vote cast)

Rating: 10.0/10 (1 vote cast)

via JoNova

http://bit.ly/2AZp2sh

January 24, 2019 at 01:14AM

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