how the subsidy for solar and wind works!!!!!, page-6

First 6 Last

Share
Profile

Follow
Dave R

58,089 Posts.

16

25/07/17

09:14

Post #: 26055705
Share

Originally posted by watso ↑

it seems that solar and wind electricity producers get DOUBLE what the coal powered generators get, for the electricity which is delivered to the grid

selling the same amount of electricity, the coal-fired generator receives $80, while the IED receives $165

http://carbon-sense.com/wp-content/uploads/2017/07/open-letter-to-dr-alan-finkel.pdf

Under the RET scheme, fossil-fuel generators have asingle source of income, which is the money paid for the electricity they sell into the grid. IEDs have two sources, money paid for electricity sold into the grid and money paid (ultimately by electricity consumers) for the RECs the federal government authorises them to print and which electricity distributors are compelled to buy.

Last year the average AEMO NSW electricity price was $51.60 per MWh. (It was $28.27 in 2000 and $81.40 so far for 2017.) Over the last six months, the spot price for Large-Scale Generation Certificates (LGC), mandated under the RET, has varied around $85 per MWh.

So, in that period (using rounded numbers for illustration), a coal-fired generator selling into the grid at spot prices might receive $80 per MWh supplied. However, an IED would receive the same spot price of $80 per MWh AND a further $85 per MWh from selling the RET mandated LGC it is authorised to create for each MWh supplied into the grid. So, for selling the same amount of electricity, the coal-fired generator receives $80, while the IED receives $165.

where IED = intermittent electricity devices = improvised explosive device (for electricity bills)

Expand

Hahaha good one. We solar panel owners get paid 7 cents a kw/hr for our excess power we supply to the grid. The power company on-sells this green power for about 30 cents kw/hr.
Now who is profiteering?
Dave R.
9 Upvote

Reply

Top Stories

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

AII

A new NASDAQ listing for a key player in the global critical minerals space

ASX Market Close: Pretty boring day, but we're back in the 8,600s

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18