Associated News, page-3022

At the moment we are seeing low spot prices due to high solar availability but not challenging weather conditions for people. Winter will be all the more interesting especially as the years progress, places such as Victoria want to be 95% renewable by 2035 and QLD less so 80% by 2035. Quite simply, what are they going to do during winter when the sun isn't shining and its 0 degrees? How many wind farms do they intend to build? Heating the air is significantly more energy intensive too than cooling. Gas stoves being phased out for electric. July 2022 hit a staggering $1000 avg spot price for the month, albeit only 8000MW/h generated in this time. Prices are only going to get more volatile with places going too far on the renewable scale, it's almost to the point of insanity to be 95% reliant on a non guaranteed energy supply. Sure it will be there from time to time, but not always, which is where QPM's TPS will be positioned quite well to take advantage of volatile pricing.