Future of energy, page-47

This is becoming a love-in, strange. We need dissenting views to sharpen our thinking.

I imagine eg Liddell going into C&M on lower demand for the duration of the CV-19 pandemic - then never reopening.

Up on Renew yesterday is this interesting piece on despatching battery power to maximise revenue. (for the buffs)

https://reneweconomy.com.au/battery-storage-why-accurate-price-forecasting-is-key-to-capturing-revenue-46308/

Marija Petkovic illustrates with two discharge opportunities, one at $1000Mw and another at $14,000Mw. A operator taking the first misses the second, yet the second may not materialise. She says market judgement is everything.

Correct to a point. In practice, matters are not quite so binary. An operator would hedge their bets by bidding less into the first opportunity, while keeping an eye on the observable behaviour of coal (boilers lit), gas ($ per Mj) and solar operators (weather forecast).

For me, whoever can despatch at will gets the best price for their juice. That means batteries and pumped hydro.

Ash