NHC new hope corporation limited

Ann: Half Year Results Presentation, page-44

  1. 553 Posts.
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    You need to look at the UK - they have 40% renewables, 40% Gas, 16% nuclear and 4% coal
    Their elect costs have tripled - govt offering rebates to help with cost of living but this will phase out soon
    Last year the drought stopped their hydro plants and the lull in North Sea reduced their wind farms and Russia has reduced gas imports
    They can also import elect from France but their nuclear plants are down being maintained
    They are now looking at keeping the old coal power stations to keep going and open up the old stations again - but this isn’t easy as a lot of people have retired
    The cost of renewables has increased 30% - plus the cost to upgrade the power lines for an unreliable power source
    At the end of the day it is good to sign up to Carbon Neutral by 2050 but at what cost?- Coal offers a cheap reliable power source that Australia will soon find out is necessary for the power equation for many more years to come
 
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