Australian power prices go insane

[Jay McKinsey + 1,489]

5 hours ago, KeyboardWarrior said:

What's the rate of return on batteries this year? 

Good enough to get financing with no problem.

[KeyboardWarrior + 527]

1 hour ago, Jay McKinsey said:

Good enough to get financing with no problem.

I can get financing on plenty of things with no return. What's the ROI? 

[specinho + 439]

On 7/28/2022 at 2:51 PM, Boat said:

Kansas is getting a 4 billion battery plant for Tesla. Samsung is the battery builder. We’ll wait and see but that may end up being the biggest yet. 

that might be a bad combination............

bought a samsung power bank many years back. It's claimed an original product by the seller, with 5 year warranty.......... I forgot to take it out of the car poach one day and the battery inflated to a close adjective of near explosion, when i returned to the car........

Outsourcing the production might have caused the market share to drop like diarrhea......

[jonathb + 7]

Ironic that Australia has about the best renewable energy resource availability of any place on the planet. What are the Ozzies waiting for?

[jonathb + 7]

I should qualify that. The Ozzies are no longer waiting. But IMHO they could do much, much more and earn much, much more.

[Eyes Wide Open + 3,537]

3 hours ago, jonathb said:

I should qualify that. The Ozzies are no longer waiting. But IMHO they could do much, much more and earn much, much more.

It would seem the Green Plauge has accomplished extraordinary results. 

Man says high electric bills led to his divorce

By Hamish Spence, News.com.au

August 4, 2022 | 2:10am

 

Fifty-five-year-old Bryn Lawson has accused AGL of using incorrect power meter numbers at his northwest Sydney home, with his latest bill coming in at more than $833.

AGL has apologized to him for the issue and offered credit, but the mistakes keep happening.

“Fix it AGL. Get your s–t together and fix it mate,” an enraged Lawson told A Current Affair.

https://nypost.com/2022/08/04/man-says-high-electric-bills-led-to-his-divorce/

Edited August 5, 2022 by Eyes Wide Open

[Jay McKinsey + 1,489]

1 hour ago, Eyes Wide Open said:

It would seem the Green Plauge has accomplished extraordinary results. 

Man says high electric bills led to his divorce

By Hamish Spence, News.com.au

August 4, 2022 | 2:10am

 

Fifty-five-year-old Bryn Lawson has accused AGL of using incorrect power meter numbers at his northwest Sydney home, with his latest bill coming in at more than $833.

AGL has apologized to him for the issue and offered credit, but the mistakes keep happening.

“Fix it AGL. Get your s–t together and fix it mate,” an enraged Lawson told A Current Affair.

https://nypost.com/2022/08/04/man-says-high-electric-bills-led-to-his-divorce/

You are really getting desperate. Your post has absolutely nothing to do with Green energy. 

[Eyes Wide Open + 3,537]

56 minutes ago, Jay McKinsey said:

You are really getting desperate. Your post has absolutely nothing to do with Green energy. 

Indeed, perception is fleeting with you is it not?

AUD 1 billion has been estimated to have been taken away from the value of solar and wind assets in Australia over the past few years due to the issues associated with the national grid.(2) Australia's estimated average transmission losses are valued at 5%, however those projects in regional or more remote areas can experience losses up to 20-25%.(3) Growing concern over the instability of the grid, as well as a lack of direction in federal energy policy has resulted in investments and investor confidence falling dramatically over the past two years.

Insurance concerns and future prospects

Grid connection issues and delays in practical completion of sites bring about a multitude of insurance-related issues. Before entering full commercial operations, the Australian Energy Market Operator (AEMO) must sign-off and approve all facilities with various final testing and certification requirements. To prevent overloading and the potential collapse of the grid, AEMO has in recent years gone a step further and instructed several solar and wind projects to reduce or cease operations. Where AEMO sign-off is not obtained (i.e. should AEMO have concerns regarding grid capacity once a site begins to generate), project operation will be delayed. Insureds may attempt to claim for such delay on their policies and/or require several policy extensions.

https://www.clydeco.com/en/insights/2021/06/gridlock-in-australia-will-the-renewables-projects

 

[Andrei Moutchkine + 828]

14 hours ago, jonathb said:

Ironic that Australia has about the best renewable energy resource availability of any place on the planet. What are the Ozzies waiting for?

They are waiting for a sign! I think, this is it

https://www.theguardian.com/australia-news/2022/jul/21/pink-sky-mildura-victoria-australia-medicinal-cannabis-marijuana-plant

[Ron Wagner + 642]

On 8/4/2022 at 11:45 AM, specinho said:

that might be a bad combination............

bought a samsung power bank many years back. It's claimed an original product by the seller, with 5 year warranty.......... I forgot to take it out of the car poach one day and the battery inflated to a close adjective of near explosion, when i returned to the car........

 

Outsourcing the production might have caused the market share to drop like diarrhea......

Thanks for sharing your experience with the power bank. I hadn't thought that out. I do cover my solar generator when I am using it but storing it in a car or an unattended trailer might require extraordinary care in very hot or cold weather!

[Andrei Moutchkine + 828]

On 8/1/2022 at 12:42 AM, TailingsPond said:

Efficiency defined as to this circumstance?

Can someone burn anything in a fancy calorimeter and capture near all of its heat? Yes, of course. Your home is not a calorimeter.

Can you explain why acetylene burns hotter than ethane despite having lower energy density? 

Hint: your exhaust contains a lot of energy.

2nd hint: Hess law

Good question about acetylene. I think carbon finds itself in an unusual position of cathode there?

[Jeroen Goudswaard + 56]

On 7/13/2022 at 8:37 AM, markslawson said:

It's taken me a few days to get around to posting this. Unfortunately, the article is behind a pay wall, but the excerpts should give you an idea of the lunacy. All prices are in $A but one $A is about $US68 cents, so to convert to USD reduce all amounts by one third. Also bear in mind that before green lunacy took hold, average wholesale prices used to be around $40 MWh and until a couple of years ago were still about $80 MWh.

From Australian Financial Review on Monday

"Prices for wholesale power more than doubled to an unheard-of average of $323 a megawatt-hour in Queensland in the June quarter, easily the highest of any state in the past two decades, according to adviser Energy Edge. 

“And the quarter was so high that it nearly lifted the average price for the entire financial year above the previous highest quarter in Q1 2017,” Mr Stabler said.

"Price increases were even higher in other states, rising 293 per cent from the March quarter to $$224/MWh, of 247 per cent in NSW to $302/MWh; and of 260.5 per cent in South Australia to $256/MWh, according to the Energy Edge data."

Of course not all of this is due to green lunacy. The problem is that continued green activism has demonised coal so much that no-one is building new conventional plants (there is one gas plant in the pipeline which the government is building, that's it) and the aging plants still in service cannot cope. The part below is a fair summary of what's happening. Remember its winter in Australia.

"The elevated prices have been driven by record prices for coal and gas, exacerbated by the war in Ukraine which has caused international buyers to turn away from Russia, a major supplier of global energy. At the same time, several coal-fired power stations have been shut for maintenance work, suffered breakdowns or have had coal supplies constrained, tightening up the balance between supply and demand during the peak winter months." 

 

The article is crystal clear. The high prices for electricity are due to "record prices for coal and gas, exacerbated by the war in Ukraine", they have no relation with renewables. Posted in the wrong community.

[Jeroen Goudswaard + 56]

On 7/16/2022 at 8:08 AM, Boat said:

I have been writing for years about the corruption insanity of how citizens of countries who export commodities pay an inflated price like those who import their products. For example the US paying exorbitant nat gas prices as multiple pipelines feed Mexico and ships filled with gas float to Japan. Biden is on watch and will never escape my wrath for killing the economy at the expense of the poor. 

You can either be a socialist, and fix pricing/limit exports/own energy production etc, or you can be a capitalist, and let the market decide the energy prices, decide where to export to and to make profit (which is taxed).

Given that the average USA voter wants it to be a capitalist country, this is exactly what you voted for. No one seems to vote for the Socialist Party USA. 

[markslawson + 1,042]

10 hours ago, Jeroen Goudswaard said:

The article is crystal clear. The high prices for electricity are due to "record prices for coal and gas, exacerbated by the war in Ukraine", they have no relation with renewables.

Jeroen - sorry but that's one of the reasons given and it is correct as far as it goes. The chaos is still primarily due to the DEMONISATION of fossil fuels meaning that no-one's been building new coal and gas plants so there were crucial shortages of power - major parts of the aging coal fleet fell out of service at the wrong time and so on. I'm pretty sure that was clear in the original post. Renewables were not DIRECTLY to blame for the problem. The obsession with renewables is another symptom of the obsessions that have led to the problem. Hope that clarifies your thinking on the matter.   

[Jeroen Goudswaard + 56]

On 10/4/2022 at 1:17 AM, markslawson said:

Jeroen - sorry but that's one of the reasons given and it is correct as far as it goes. The chaos is still primarily due to the DEMONISATION of fossil fuels meaning that no-one's been building new coal and gas plants so there were crucial shortages of power - major parts of the aging coal fleet fell out of service at the wrong time and so on. I'm pretty sure that was clear in the original post. Renewables were not DIRECTLY to blame for the problem. The obsession with renewables is another symptom of the obsessions that have led to the problem. Hope that clarifies your thinking on the matter.   

It is not the demonisation of fossil fuels per se. It is the risk of ending up with stranded assets. That's why EU and USA do not build them anymore. The banks don't want to invest. That's how a market works.

[markslawson + 1,042]

14 hours ago, Jeroen Goudswaard said:

It is not the demonisation of fossil fuels per se. It is the risk of ending up with stranded assets. That's why EU and USA do not build them anymore. The banks don't want to invest. That's how a market works.

Jeroen - no, sorry, you've side stepped the original point where you misunderstood what I've been saying and gone off on another tangent which is also wrong. The business about stranded assets is because of the demonisation of fossil fuels. Businesses are too scared to go into the business of power generation because of the very active campaigns being run against fossil-fuel plants. Same for banks. They dare not lend to such projects because they are terrified that activists will invade their foyer's and demonstrate outside their HQ and so on. As power prices are now through the roof, the market obviously has nothing to do with it. A few years back activists were talking about coal mines being stranded assets. This has proved to be completely wrong. Coal prices are through the roof. As you don't seem to be adding to the debate I'll leave it with you.  

[Boat + 1,315]

On 8/4/2022 at 11:45 AM, specinho said:

that might be a bad combination............

bought a samsung power bank many years back. It's claimed an original product by the seller, with 5 year warranty.......... I forgot to take it out of the car poach one day and the battery inflated to a close adjective of near explosion, when i returned to the car........

 

Outsourcing the production might have caused the market share to drop like diarrhea......

For every refinery that has blown up the market kept growing. I suspect battery factories and their products will have similar fates.