The war against renewable energy

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The gas industry have known this for well over a decade and have placed themselves accordingly. Despite what people think, the oil and gas sector does not employ fools.
Absolutely, they stitched up the country very well.

We should hire them to negotiate with Russia.
 

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I mean sure double down on the dumb posts by all mean.

But don't tell me what I do and don't know.


I guess you are anti coal now too 😂
any one that posts in favour of renewablew energy proves they have NFI about anything

anti slave yes and anti globalist & large forign nationals pillaging the land from the the locals. well beyond your dept of understanding
 
any one that posts in favour of renewablew energy proves they have NFI about anything

anti slave yes and anti globalist & large forign nationals pillaging the land from the the locals. well beyond your dept of understanding
People like you really need to avoid trying to bring intelligence or understanding things into the discussion
 

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The grid has resisted another challenge:
Investigations are under way into the failure of a critical power market monitoring system that caused the suspension of the wholesale electricity market in Victoria on Saturday, just five weeks after an apparently similar, as-yet unexplained incident in NSW.
The Australian Energy Market Operator said there was no interruption to Victoria’s power supply or to the rest of the National Electricity Market from the disruption on Saturday afternoon to the system, known as SCADA, run by Victoria’s high-voltage grid owner AusNet.

The SCADA (supervisory control and data acquisition) system was progressively returned to service early Sunday morning, and normal operations for the dispatch of electricity resumed in Victoria at 4:35am, AEMO said. However, the wholesale power market remains suspended in the state.
“While the cause of the incident is being investigated by AusNet Services, the Victorian wholesale electricity market remains suspended until AEMO is confident of no further related disruptions,” an AEMO spokesman said.

The market operator told industry participants in an email cited by electricity market watcher Paul McArdle that the root cause of the incident was still under investigation and as it could still influence market processes the spot market suspension would continue “at this stage”.

 
Little bit confused those numbers seem to indicate vic power costs are cheaper ($/ megawatt hour) or am I reading it wrong?

Never mind Eraring, the Liddell coal closure in April is the one to watch​



David Leitch 24 March 2023 26





LiddellCoalPlantSunsetAGLEnergy.jpg



The April Liddell closure is a worry for consumers. As Paul Mcardle writes on Wattclarity unit 4 of the 2GW New South Wales coal plant is the first to close, with unit 2 and unit 1 following shortly thereafter.
Again, as McArdle writes, we’ve had seven years to get ready for this and yet there will still be a whiff of worry around, given the struggles to keep supply going in 2022 and, frankly, the fact that not enough new generation has been built in NSW.
On top of that, connections between NSW and Victoria are poor – as evidenced by the persistently materially lower prices in NSW compared to Victoria. Queensland supply has also been limited thanks to the Callide coal plant issues and that means less Queensland exports to NSW and reverse flow at the evening peak.
Looking at some data thanks to NEM Review, in the calendar year-to-date Liddell has provided around 10 per cent of NSW demand, including imports.
Leitch_Mar_23_1.jpg

Leitch_Mar_23_2.jpg




When Liddell’s share of generation rises it tends to be associated with lower NSW prices and, conversely, when Liddell is not running prices are higher.

Leitch_Mar_23_3.jpg
 
Having a read around about the Lidell closure, most coverage appears indifferent, noting other issues are likely to impact chat of power rather than the closure of Lidell,

Like our post with no or misleading context brethren on here, the AFR seem keen to stoke the fear,


ABC less so.


I thought this was pretty telling


The closure of Liddell is not expected to have any impact on supply or reliability on the grid, although it has been noted by some analysts that prices could rise as a result.

It is important to note, however, that price rises will not be the result of any increased cost of production, and will merely the decision of key players – including the federal government owned Snowy Hydro – to take advantage of the reduced competition and profit from consumers.
Surely govt run entity wouldn't gouge the market, unless it was trying to justify its existence of course
 

Not a bad start, looking forward to seeing QLD and NSW benefit from renewable energy soon.

The forethought of the WA State Government gas reserve front & centre close on 20 years ago:
'Western Australia’s domestic gas reserve helped the state dodge the massive increases in energy prices suffered by the east coast, and Perth enjoyed the lowest inflation rate of any capital city.
Perth gas prices increased by just 1 per cent in the March quarter as they surged by double digits in Sydney and Melbourne, and increases in the cost of holiday travel and fuel were also more moderate on the west coast.'

'The WA government pointed to the state’s 17-year-old domestic gas reserve as a key factor underpinning the state’s modest consumer price rise. A senior economist said the east coast was suffering more inflation because Victoria and NSW had failed to properly structure the sector.

“The gas industry is absolutely critical, the key thing here is what WA has enjoyed is successive governments that have recognised the economic contribution and value of gas and have therefore developed those resources,” Chamber of Commerce and Industry WA chief economist Aaron Morey said.'

Whilst the Feds try to stem gas prices on the east coast due to failure of State Governments to act, WA is within weeks of additional gas flowing south from the Perth Basin.

'ABS head of prices statistics Michelle Marquardt said relatively flat utility price increases in WA were a major factor keeping inflation down in Perth .... '
 
The forethought of the WA State Government gas reserve front & centre close on 20 years ago:
'Western Australia’s domestic gas reserve helped the state dodge the massive increases in energy prices suffered by the east coast, and Perth enjoyed the lowest inflation rate of any capital city.
Perth gas prices increased by just 1 per cent in the March quarter as they surged by double digits in Sydney and Melbourne, and increases in the cost of holiday travel and fuel were also more moderate on the west coast.'

'The WA government pointed to the state’s 17-year-old domestic gas reserve as a key factor underpinning the state’s modest consumer price rise. A senior economist said the east coast was suffering more inflation because Victoria and NSW had failed to properly structure the sector.

“The gas industry is absolutely critical, the key thing here is what WA has enjoyed is successive governments that have recognised the economic contribution and value of gas and have therefore developed those resources,” Chamber of Commerce and Industry WA chief economist Aaron Morey said.'

Whilst the Feds try to stem gas prices on the east coast due to failure of State Governments to act, WA is within weeks of additional gas flowing south from the Perth Basin.

'ABS head of prices statistics Michelle Marquardt said relatively flat utility price increases in WA were a major factor keeping inflation down in Perth .... '
Yes, the lack of foresight by the LNP with our gas reserves is inexcusable.

The fact we were screwed by both their lack of Investment in renewables AND there also incompetent management of our gas should hopefully be remembered for a generation
 
Yes, the lack of foresight by the LNP with our gas reserves is inexcusable.

The fact we were screwed by both their lack of Investment in renewables AND there also incompetent management of our gas should hopefully be remembered for a generation

WA acted, the east coast sat on its hands. Reality is a failure on both sides of the aisle by State Governments who have tried to wipe their hands of responsibility - you've bought it, hook, line, & sinker.



'The New South Wales state government has secured stunning low prices for major wind and solar projects in its first – and the country’s largest – renewable energy and storage auction that kicks off its transition from coal.

The first of twice-yearly auctions to be held over the coming decade has produced strike prices below $35 a megawatt hour for solar, and below $50/MWh for wind – believed to be the lowest ever in Australia, and surprising given the recent jump in material and supply costs for the technologies.'

We've heard this before, when will it appear on retail users bills ?
 

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