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South Australia has the largest uranium deposit in the world, which it digs up to sell to other countries to make electricity. It also has lots of sun and wind and empty space. If any state can make solar and wind power work, surely it’s there.
And renewables are working for SA, working to put it in top place for Global Electricity Bills.
South Australia power prices to rise to highest in the world on Saturday, energy expert warns
South Australia will overtake Denmark as having the world’s most expensive electricity when the country’s major energy retailers jack up their prices this Saturday.
AGL, EnergyAustralia and Origin Energy will all increase their electricity prices from July 1, adding hundreds of dollars to annual household bills. Residential customers will see an average rise of 18 per cent under AGL, 19.9 per cent from EnergyAustralia, 16.1 per cent with Origin Energy. Bruce Mountain, the head of a private energy consultancy firm, said the increases would see South Australia take the lead on world power prices — but for all the wrong reasons.
“After taxes, the [typical] household in South Australia will be paying slightly more than […]
The numbers are breathtaking. On the east coast of Australia (which means most households in the nation) they are looking at 15 – 20% increases next month on electricity bills which are already at bleeding point.
Get a grip on these numbers:
Charis Chang, News.com —
POWER prices are set to rocket after three major retailers announced increases of up to 20 per cent and $600 a year for the average customer in some states.
Origin, EnergyAustralia and AGL have all announced price increases for electricity and gas starting from July 1.
Small businesses may be the hardest hit, especially Origin customers in South Australia, which will see prices rise by a whopping $1453 a year when increases to gas and electricity bills are combined.
The biggest increase for residential customers will be for AGL customers in ACT, who will pay an extra $579 a year for a combined electricity and gas rise.
In NSW, residential EnergyAustralia customers will see electricity prices increase by up to 19.6 per cent. Origin Energy customers will get a 16.1 per cent rise.
The price hikes will take effect […]
It’s like an Easter Island moment for an advanced economy: somehow “cheap” energy can’t compete in a free market without government subsidy. A Nation of Serfs have forgotten what a free market is. Will cheap desirable stuff sell itself, or not?
The contradictions mount. Electricity and gas prices are hitting escape velocity:
The wholesale electricity spot prices was about $35 a megawatt hour during 2011, rose to $58 after the carbon tax was introduced and is now about $130 as gas prices push up energy generator costs.
Not surprisingly 70% of Australians want cheaper, more reliable electricity. Only one person in four would rather cut emissions than cut the bill. Yet the agitprop telling people that renewables are “cheap” has been so pervasive that fully 38% of Australians think the government should raise the renewable energy target, and 23% think it should stay the same. It follows that around 4 in 10 Australians apparently hold the bizarre idea that wind and solar are cheap and yet in need of government support, as if there are no investors willing to put money into supplying something that 100% of people want at a price cheaper than what they currently pay. […]
Demand enough renewables and you might as well ban coal
There’s a lesson Australia needs to learn from South Australia. When intermittent renewables reach a certain percentage of daily average supply they make baseload power unfeasible. The situation develops into an impossible dead end that can only be solved with container-ships of cash.
The intermittent supply of wind and solar is the immoveable problem. It eats into the daily chart of the cheapest stable electricity supply — which is coal fired. Coal can’t be ramped in and out in minutes. It is a creature that runs best non-stop, efficiently, smoothly, at a high capacity factor (meaning it works best when it is producing around 90% of it’s design limit continuously).
Tom Quirk points out that sometime after these intermittent renewables hit 30% of the average daily supply, as they have in South Australia — locally sourced coal power becomes uneconomic. There are times during the daily cycle when renewables are providing almost all the demand. There is little demand left for the massive coal turbines to supply, so they spin on pointlessly, but costs remain, and profits are zero.
In […]
In one of the most massaged spin-doctor sales messages in Australian history, the Finkel Report is here to “take the politics out” and solve our energy instability and out-of-control prices. But it’s actually an aggressive green-left weather-control program where cost and stability are secondary to the unspoken but main aim which is to slow storms in 2100. If Finkel were really aiming for stability and price control he’d let the free market run, get the government out of our electricity grid and look at the evidence that shows that solar-panels and wind farms don’t, won’t and can’t work as global air-conditioners for us or our grandchildren.
Australians, read this line and weep:
“Modelling for the Review estimates that by 2030, 42 per cent of electricity demand will be met by renewable generation.”
This is where South Australia is currently at, but it has a lifeline to coal power in Victoria whenever it needs it. What happens when the whole National Grid needs a lifeline? Pull out your wallet…
How much does an undersea cable to New Zealand cost? It’s only 2,000km.
For the same price we might be able to afford a new ultra-supercritical coal plant and catch […]
A funny thing happens when governments put “free energy” into an electricity grid. Wind turbines force down wholesale prices, but everyone’s electricity bill goes up.
Those cheap green electrons look so seductive, but the advertising hides the effect that intermittent, unstable electricity has on the whole system.
Armada Funds Management manages $400m dollars worth of South Australian shops. Look at the price shock these small business managers are dealing with, like $1200 a month, and only one employee:
Power spike hits South Australian shopping centres
The Australian, Jan 18:
Chris Monaghan, Armada’s managing director [said]…costs for purchasing electricity for shopping centres in South Australia had increased by 87 per cent during peak times last year and 101 per cent in off-peak periods. Costs would increase again this year a further 57 per cent at peak periods and 15 per cent off-peak.
The total extra cost to landlords could run into hundreds of thousands of dollars.
Nino Pilaia, who has been running Meats-N-More Carvery & Spuds … His business was among those affected by power blackouts last year and ever-increasing energy costs. “For this little place here of about 30sq m, it is […]
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