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Australia, Denmark, Germany vie to win Highest Global Electricity Cost! (It’s the Nobel Price Prize?)

It’s not even close: If South Australia seceded it would have the highest electricity price of any nation on Earth.

Australian Households pay highest power prices in the World, AFR.

South Australian households are paying the highest prices in the world at 47.13¢ per kilowatt hour, more than Germany, Denmark and Italy which heavily tax energy, after the huge increases on July 1, Carbon + Energy Markets’ MarkIntell data service says.

When the eastern states’ National Electricity Market was formed in the late 1990s, Australia had the lowest retail prices in the world along with the United States and Canada, CME director Bruce Mountain said.

The Markintell report graph:

…

Hmm — odd coincidence of Price with Wind Energy Penetration:

Wind energy is “free” but countries with the most wind power are also the most likely to get to the top of the Prize Pool for exorbitant electricity. Wind energy penetration is highest in Denmark (1st), Portugul (8th), Ireland (6th), Spain (11th), Germany (3rd). Conversely, renewable energy penetration is low in places at the tail end of the price curve like Luxemburg 6%, Estonia 15%, Hungary 7%, Lithuania 15.5%. In the low mid price […]

August 17th, 2017 | Tags: , , , | Category: Electricity, Global Warming, Renewable | Print This Post Print This Post | |

No wind or solar powered aluminium smelter anywhere in the world? Could be a message in that.

Matt Howell, the CEO of Tomago Aluminium Smelter, told a few home truths on ABC radio Monday.

To paraphrase in my own words:

1. Aluminium Smelters gobble electrons for breakfast. His smelter uses 10% of the entire electricity supply of the most populous state in Australia (NSW).

2. If power goes out without warning for more than three hours, the smelter pot lines freeze, permanently. The company goes to the wall.

3. The largest battery in the world would keep their smelter going for all of 8 minutes. There is a good reason there are no solar or wind powered aluminium smelters anywhere in the world.

4. The government can ‘t let the market solve anything whilst it is simultaneously destroying the free market by propping up the market failures at the same time.

5. Electricity pricing has suddenly got very ugly. Their electricity bill may now be subject to price spikes where it could cost them $4 million just to keep one pot line running during that spike. It is as if suddenly gas stations only sold $400 per Litre petrol. (Which would be $1800/per gallon). What he doesn’t […]

August 10th, 2017 | Tags: , | Category: Global Warming | Print This Post Print This Post | |
 
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