Meanwhile the geniuses running our grid have worked out that solar is no good at dinner time when electricity consumption peaks and it’s - err, umm - dark!
And can’t make a decent return during the day because there is excess supply. And coal and gas generators need to be subsidised to stand by to fill in the huge renewables gap.
No chance whatsoever of reaching Blackout Bowen’s 82% renewables target.
“People sometimes talk about solar cannibalising itself,” Ms Savage said. “You get so many negative prices in those solar hours that it becomes difficult to build more solar commercially.”
You don’t say! Who’d have guessed.
Couldn’t make this up, way beyond Monty Python level bureaucratic idiocy.
TBN Price at posting:
12.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)