Electricity prices at AEMO have spiked to over $250 per MWhr across Australia in the morning rush – Nemwatch shows wind through the “National Grid” (excl WA) is under 250MW. The Wind Energy site shows how this wind drought is now in its third day. None of this is news in the GreenLeft main-stream-meedja. Imagine the headlines if coal or gas fired generators were to fail like this? Write your MP’s and Senators – call for a moratorium on wind power – say you will vote to curtail the excesses of the MRET scheme and for sensible electricity prices.
Looks like the 4th day of the wind drought now.
Moody’s have spoken out on the electricity price issue through their vice-president and senior analyst Spencer Ng.
Power prices set to remain high and volatile: Moody’s 25 Aug 16
www.abc.net.au/news/2016-08-25/power-prices-set-to-remain-high-and-volatile/7785982
Worth reading well, mostly unexceptional but towards the end the reference to “As penetration of low-cost renewable generation increases….”.
Has anybody got a clue what “low-cost renewable generation” is?