We have been hearing through 2018 how the Fed. Govt. will do this or that to lower electricity prices.
Well despite that blabber all states prices moved higher into summer. Yet the worst of Jan. heat spells were short in the worst affected states and despite everybody knowing exactly when summer was due – records were broken.
Vic and SA had their highest monthly price for 6 years. Tas saw their highest price outside the 2015-16 Basslink failure. NSW had their highest price since the Feb 2017 heat spike which cracked $178. Only Qld averaged under $100(93.91) For large version chart.
Average daily price on 24 Jan.
SA $3,359.82 MWh
Vic $3,377.97 MWh
I wonder if this is a record.
I had a quick look down my daily prices spreadsheet and on 8Feb2017 SA hit $1492 – that was the next highest I saw Jeff.
Thanks Warren.
The annual average price for 2019 looks like it will eclipse previous years for SA and Vic too.
SA 114.28 MWh
Vic 111.88 MWh
www.aemo.com.au/Electricity/National-Electricity-Market-NEM/Data-dashboard#average-price-table
Cal Base Future Prices Fri 1 Feb 2019
2019
VIC 115.06
SA 111.58
www.asxenergy.com.au/
Get ready for contract price increases (SA and Vic at least) despite what they predicted just over a month ago
2018.aemc.gov.au/price-trends/
The situation is beyond despair.
With “renewabubbles” comprising less than 10% of supply, upwards of 200,000 Victorian households, large swathes of productive industry, huge chunks of South Australia’s population and myriad small pockets of NSW had power deliberately cut off over the period of greatest need to preserve the larger good (collectivism at its’ finest).
All predicted quite a few years ago, of course. Yet the cabal of politicians, bureaucrats and the MSM resolutely refuse to acknowledge this. Ever more “renewabubble” unreliable and intermittent supply is promised us, with the MSM avoiding the elephant in the room as if it has bubonic plague.
This is assured self-destruction with a depth of zealotry that is incomprehensible.
And if Qld wasn’t plugged into the national grid, prices for Qlders would have been about half of what they were.