Video tutorials can be helpful. I did one for my dad printing, scanning and ... Put it on YouTube and put a link ICON on his computer desktop. RIP Dad - Mobile Phones are P.I.T.A. I think. Called 'Smart' yet clearly not! Cut and Past CTRL C and CTRL P on my laptop (Right Click gives the options as well.)
Keep safe today. Fire Risk during today's heat. I am watching this for power today.
The below figure is the maximum renewable penetration rate ever recorded
MAX
75.6%
23,494 MW
"
Date
NSW
RRP
PEAK RRP
QLD
RRP
PEAK RRP
SA
RRP
PEAK RRP
TAS
RRP
PEAK RRP
VIC
RRP
PEAK RRP
1
2024/11/06
1.49
8.06
8.54
1.18
.55
.45
.98
.74
.08
.80
2
2024/11/07
$1,649.85
$2,565.12
$1,597.94
$2,465.16
$49.07
$1.25
$84.30
$71.40
$45.79
$11.64
The flow on impact of part time power types is possibly shown with the RRP price increasing from $111.49 to $1649.85 and a massive peak RRP of $2565.12 (NSW)!
Why over supply of one type of power hurts the entire grid is clear! The failure to account for 24 hour, seven day a week 365 days a year with hype like we have enough wind and solar one or two days per year is shockingly poor accounting, disgraceful economics and just plain silly for anyone to swallow.
It's both Supply peak and Demand peaks of course. Today may be very hot for many people. Demand growth in the USA is a trend we will see here. We may be a bit slower of course. MacDonalds had chicken nuggets in the USA in 1986. We took a while before adding that rubbish here They do not seem to be chicken to me The worlds power growth is 3.4% annually Executive summary – Electricity 2024 – Analysis - IEA
What is clear is that worldwide growth in Demand is not evenly spread! It will not slow down and never has "Particularly in advanced economies and China, electricity demand will be supported by the ongoing electrification of the residential and transport sectors, as well as a notable expansion of the data centre sector. The share of electricity in final energy consumption is estimated to have reached 20% in 2023, up from 18% in 2015. While this is progress, electrification needs to accelerate rapidly to meet the world’s decarbonisation targets. In the IEA’s Net Zero Emissions by 2050 Scenario, a pathway aligned with limiting global warming to 1.5 °C, electricity’s share in final energy consumption nears 30% in 2030."
About 85% of additional electricity demand through 2026 is set to come from outside advanced economies
Many or most of the world do not have even enough part time power.
SLX Price at posting:
$5.74 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.