Why do so few see the enormous subsidy cost of keeping the South Australian electricity experiment alive?
Having got too much intermittent, unreliable electricity, the state is still in danger of another statewide blackout. One third of the solar panels on homes are being switched off automatically because the electricity they provide is not just useless, but dangerous. What the state needs is baseload power, but the solution we’re told is to spend another incredible $1.5billion dollars on an interconnector with NSW, presumably so SA gets a lifeline to the reliable coal power in Queensland.
That’s a $1,500,000,000 repair bill for an unreliable system that cost a fortune to build, but is unsustainable without a giant bandaid.
Price rises coming in NSW and QLD:
As more unreliable generation and random green electrons infect the NSW and Qld grids, their cheap baseload providers will also find it harder to compete. The increased downtime will chew out some of their profit margins, but their costs will be almost the same. So, as sure as the sun rises, they will have to raise their […]
June 19, 2020 at 01:53AM