Basslink failed last Saturday 24 Aug19 at 11am – was said to be back online yesterday 27Aug19
now news is “Basslink out until October”.
Our NEM has been wrecked for decades by incompetent politicians –
Our NEM is being run by renewables zealots –
Our NEM will be wrecked for years to come by our incompetent politicians.
AEMO prices whatever you can find.
With Basslink out Tassie Hydro income is down and they will not like that.
Updated chart(large version) added 2Sep19 just to see where we are generally on the NEM with Govt trying to talk down prices.
Chart was last reported 2Feb19 –
[1] Absolutely clear that for years Vic prices were relatively cheap prior to Hazelwood closing and after that they are in the top of the band.
[2] Also absolutely clear that for 2.5 years Qld prices have been relatively cheap and they enjoy the greatest percentage of coal fired gen.
[3] Also absolutely clear that since Port Augusta coal fired gen. closed over 3 years ago SA prices have seen severe price spikes every summer (and at times blackouts).
[4] It should be clear to Govt that any premature closure of Liddell risks higher NSW prices.
Yes idiots who do not seem to know what one another are doing or what capacity is available.
Australian watchdog sues France’s Engie over 2017 power blackout 27th August 2019
af.reuters.com/article/commoditiesNews/idAFL3N25N1DY
So our “watchdogs” are now suing suppliers of spasmodic electricity for not predicting said spasmodicity accurately enough, causing these same watchdogs to mismanage, albeit mismanaging in good faith (they say).
That is, the LRET knowingly forces spasmodic wind supply but the spasmodicity then becomes someone else’s fault.
This is way beyond Orwell’s 1984. Franz Kafka’s satires are more appropriate.
I suppose these legal actions are what Govt members have been ref to as “the big stick”.
Odd that nobody is doing anything cheap and sensible like just maintaining Liddell so it is not closed down before replacement capacity is in place.
I notice the price of S.A. electricity has gone down to – $1000 a few times this morning according to the AEMO dashboard 5min display.
Looks like they are having trouble selling it at that negative-$1000 price now that Tassie is disconnected. I would be happy to take it at that price if they can convert it to liquid hydrocarbons before delivery.
Did you see this classic ABC GreenLeft Renooables propaganda –
Australia’s old powerlines are holding back the renewable energy boom 2nd September 2019
www.abc.net.au/news/2019-09-02/powerline-infrastructure-holding-back-renewable-energy-boom/11457694
As if the state of our transmission network is not well known to electricity experts.
Wait till NIMBYs start blocking new transmission lines.
Qld now generating electricity all day at an average negative price?? What could be the reason for this madness?