The initial stimulus for this post was an article in the AFR entitled We are at an energy crossroad (paper version) by Tony Wood of the Grattan Institute, based on a new report Powering through: how to restore confidence in the National Electricity Market and a series of articles mainly at RenewEconomy. I’ll summarise them Climate clippings style, so the story should emerge and you can follow the links for elaboration if you choose. Continue reading Energy crossroads→
The Murdoch media continues to lay the blame on renewables, a notion specifically rejected by AEMO, leading to a Twitter battle between SA minister Tom Koutsantonis and The Australian’s Adelaide bureau chief, Michael Owen.
Craig Emerson says we can get the gas we need, but is it necessary?
Craig Emerson has an article in the AFR, also on his site, suggesting that politicians need to urgently turn their minds to gas supply in east Australia. Emerson had warned them back in 2014, but they took no notice, and AEMO assured everyone there was no problem.
The Coalition government and the Murdoch press were already mounting a full-scale attack on renewable energy when the AEMO report on the SA blackout presented information in such a way as to cast further doubt on renewable energy. AEMO stands for Australian Energy Market Operator. That is AEMO is an operator in the game, not an independent watchdog. In fact an operator that may not itself have acted prudently.
On top of this Chris Uhlmann of the ABC has been virulently critical of the rush to renewables, using what turns out to be techno-babble to sound convincing. His views have skewed the ABC network coverage across all platforms.
In last week’s energy auction, Chile accepted a bid from Spanish developer Solarpack Corp. Tecnologica for 120 megawatts of solar at the stunning price of $29.10 per megawatt-hour (2.91 cents per kilowatt-hour or kwh). This beats the 2.99 cents/kwh bid Dubai received recently for 800 megawatts. For context, the average residential price for electricity in the United States is 12 cents per kilowatt-hour.
The summary sentence tells us that “coal and gas will begin their terminal decline in less than a decade”. Frequently the title of an article and the summary lead-in sentence are not written by the authors. In this case the “terminal decline” of coal and gas is more than a little misleading. Continue reading Bloomberg’s New energy outlook, 2016→
Futures contracts on the ASX Energy market for electricity delivered in 2016-2018 are between $86 and $90 a MWh in South Australia, compared with between just $37 and $41 MWh in Victoria and between $43 and $48 MWh in NSW.
PERC technology developed by UNSW is likely to become standard in more than half of all solar cell production across the globe by 2020, ushering in new dramatic falls in the cost of solar technology. Continue reading Climate clippings 147→
On the weekend it emerged that Treasurer Joe Hockey and Finance Minister Mathias Cormann had drafted a letter to the Clean Energy Finance Corporation, telling the $10 billion “green bank” to stop investing in wind power.