Excess power stations face closure to bring electricity prices under control: WA Energy Minister Mike Nahan
More of Synergy's power stations will have to close if the West Australian Government is to bring power prices under control, Energy Minister Mike Nahan says.
There is currently too much capacity sitting idle in the market and it is costing taxpayers dearly.
Dr Nahan said several factors had driven the oversupply.
"Given the excess capacity on a good day - 42 per cent - and also the growth of solar ... and declining demand, we have excess capacity", Dr Nahan said.
The rapid uptake of rooftop solar panels took the Government by surprise, but it has become so popular, Dr Nahan now expects it will completely take over daytime power generation in WA.
"Small-scale solar is growing at 20, 30 per cent a year and will do nothing but accentuate and it is actually quite cheap," he said.
http://www.abc.net.au/news/2015-08-...ower-to-take-over-wa-power-generation/6727558
- Forums
- ASX - By Stock
- 1MC
- Lithium & The Future
Lithium & The Future, page-84
-
- There are more pages in this discussion • 7,592 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 1MC (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.53M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3.498K | 1.166M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
76 | 52609940 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 37918610 | 83 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
76 | 52609940 | 0.003 |
32 | 49538559 | 0.002 |
25 | 160966682 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 37518610 | 82 |
0.005 | 7952295 | 20 |
0.006 | 5246193 | 10 |
0.007 | 15985964 | 15 |
0.008 | 19567650 | 8 |
Last trade - 14.17pm 02/05/2024 (20 minute delay) ? |
|
|||||
Last
0.3¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
0.3¢ | 0.3¢ | 0.3¢ | 322210 | ||
Last updated 14.49pm 02/05/2024 ? |
Featured News
1MC (ASX) Chart |
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online