It’s another hidden subsidy for “Green Power”.
The totally non-essential new interconnector between NSW and SA will now cost nearly a billion more than was expected. It will add no new baseload generation but allow the random energy surges from South Australia to interfere with New South Wales supply. Surges of subsidized energy will break the balance sheets of cheap baseload infrastructure in NSW, making them less profitable, and driving them out of business unless they charge more for the fewer hours they operate. Both states will spend more on electricity but be less self sufficient, and more dependent on other states.
Why aren’t NSW generators complaining? Because they know prices will rise, not fall. Ask AGL — the more coal plants it can close, the more profits it can make from the gas and unreliable generators.
The extra interconnector won’t solve the real issues — it “probably” won’t change the massive high pressure weather systems that stop wind towers working in both states simultaneously. The magical transmission lines “probably” won’t stop the sun setting in Adelaide one hour after it sets in Sydney either. But it will […]
October 9, 2020 at 11:52PM