“Ten years of brutal, opportunistic politics has left this nation with no credible energy policy.”
The money quote from Jay Weatherill’s outburst was this:
“Josh Frydenberg was humiliated back in December. We were working with him to introduce an emissions intensity scheme. He knows that. It was well advanced. It was about to happen. Coal interests in the federal Coalition government basically cut him down before he even had a couple of hours explaining it.”
Continue reading What the biffo between Weatherill and Frydenberg really means
AGL, Origin and Energy Australia are gouging electricity retail prices, according to a report by The Grattan Institute titled Price shock: Is the retail electricity market failing consumers?.
The report which focusses on Victoria finds that electricity retailers charge a margin double what other retailers make, for doing little other than marketing a service we are going to buy anyway, and sending out a bill. Continue reading Retailers gouging electricity prices: Grattan
1. Ballarat and Bendigo targetted for blackouts to keep lights on in NSW
It didn’t happen, but the phone call was made during the early February heatwave:
Victorian Energy Minister Lily D’Ambrosio confirmed she was approached by the Australian Energy Market Operator (AEMO) with the suggestion that either Ballarat or Bendigo could potentially lose electricity for a period of time to assist NSW.
Victoria was not impressed and have demanded an explanation. Continue reading Climate clippings 199
Jay Weatherill’s energy plan involves the construction of a government-owned 250MW gas-fired power plant to provide emergency back-up power and system stability services for South Australians, and power for his resources minister to instruct the owners of Pelican Point to turn it on. Yet his plans for cheaper gas, or any gas, will not work quickly and possibly will not work at all. Laura Tingle in an excellent article published under the title of Power sources: steaming Premiers and Pumped PMs tells us that on the futures market on Wednesday, the June contract for electricity in Victoria hit $147.50 per megawatt hour, compared to a price for the March contract of just $80 as energy traders put a price on the closure of Hazelwood in Victoria at the end of March.
Meanwhile a group of former BHP Billiton and BP executives is consulting with SA to build a private equity funded power station, using gas from a floating regasification plant sourcing gas from the North West Shelf and from Singapore, some of which may actually come from the Cooper Basin in the state’s north via Gladstone.
Is this for real, and how did we get into this ridiculous mess? Continue reading Gas to burn
Just after we had heard about 100 MW batteries being installed in South Australia to keep the lights on, Malcolm Turnbull announced a giant ‘battery’ in the form of pumped hydro in an expansion of the Snowy hydro scheme.
“In one hour it could produce 20 times the 100MW per hour expected from the battery proposed by the South Australian government, but would deliver it constantly for almost a week, or 350,000 MWh over seven days.
Michelle Grattan reports that the media were dragged up to Talbingo in the Snowy Mountains for Thursday’s big Hydro announcement. But then his press conference couldn’t be beamed direct because there was no way of transmitting the signal.
Continue reading Snowy hydro 2.0: nation-building game-changer or giant red herring?
South Australia’s brave new energy plan may not have been the biggest energy news on Tuesday. The gong may go to Zen Energy‘s plan in cahoots with Santos to provide renewable baseload power.
It works this way. Solar is now the cheapest form of power when the sun is shining. So you supply solar during the day, but store some in a grid-scale battery to provide power when people are up and about at night. Then the battery gets recharged overnight from wind to provide power for the morning start until the sun takes over. The whole thing is backed up by gas. Gas is the backup of the backup. Continue reading Zen Energy’s renewable baseload power
The innovative LiquidPiston engine, mentioned by BilB, is targetting a global market worth $460 billion. It has a power to weight ratio more than ten times better than a regular engine:
The big bruiser on the left puts out 35 HP, the one on the right 40 HP. Continue reading Climate clippings 198
1. Global plan to save 10 per cent of coral reefs
A world-wide plane is being hatched a global plan says only 10 pc of coral reefs to save 10 per cent of coral reefs. The stark fact is that:
Scientists estimate 90 per cent of the world’s coral reefs will disappear in the next 35 years due to coral bleaching induced by global warming, pollution and over-development.
The 50 Reefs initiative, recently launched at the World Ocean Summit in Bali, in a donor funded initiative to identify the 10% of reefs most likely to survive past 2050. Effectively it’s a triage operation. Continue reading Climate clippings 197
APRA warns company directors about personal liability on climate change. Politicians should also take note.
APRA, the Australian Prudential Regulation Authority, has warned company directors and other decision-makers that they may be held personally responsible for dumb investment decisions in relation to a transition to a low emissions economy. If a coal-fired power station with or without CCS becomes a stranded asset, whoever approved the funds could be in the gun.
So even if the government changes the legislation to allow CEFC to lend to new coal-powered electricity generators, responsibility still lies with the directors of the Clean Energy Finance Corporation (CEFC). Continue reading APRA warns company directors about personal liability on climate change
That’s according to Ross Gittens, drawing from Ross Garnaut.
Garnaut says that since his second review in 2011 there have been four big changes in the cost of renewable energy relative to the cost of energy from coal or gas. Continue reading Australia could be a renewable energy superpower
That is the title of an article by Jay Weatherill as we suffered the recent heatwave. He believes that electricity supply is a public good and should be in public hands. However, the article is really a plea to Malcolm Turnbull to keep an emissions intensity scheme (EIS) on the table.
Weatherill says that we do indeed have an impending crisis, with the planned closing of Hazelwood, and another nine coal-fired power stations closing across the country: Continue reading This toxic energy row must end
A number of reasons are being given for what was a relatively minor power blackout in South Australia, for example in Giles Parkinson’s excellent article, dud forecasts, lousy software, failing gas plants. However, the reason is actually more simple than that – no-one gets paid for despatchable standby power, only power actually used. South Australia needed standby despatchable power when record demand was forecast, and didn’t have it.
In the AFR Mark Ludlow tells us that the second unit at the Pelican Point gas-fired power station has not operated since April 2015, so it was effectively mothballed. When the need for extra power became obvious and the Australian Energy Market Operator (AEMO) approached Engie, the owners of Pelican Point, there was simply no time for a cold start. Continue reading What really happened in the SA February blackouts