Our renewable "oh sheet" moment is not too far away!

  1. 4,090 Posts.
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    Sooner or later Australia is going to realise our electricity market is a market, and when demand is low and we have excess renewables, electricity will be cheap impeding any new renewable projects being financed by banks,
    And, when the demand is great and renewables are low, we will be paying well over $500 a MW from gas peak lopping plants.
    CSIRO have proposed local batteries in sea containers in each suburb but not explained ownership, regulations etc.
    They have been dishonest in finding a real solution because there has been no costings, no talk with local councils and no discussion with industry to meet the battery making proposal! (me thinks their Labor masters, dont want the truth spelt out)
    No bank will finance a new coal fired power station and nuclear is at least 15 years away so now we are awaiting an event where a major coal fired power station goes off line, spot prices go skyward and AEMO suggest curtailing load in metropolitan areas to cover for the shortfall!
    And then we will all say, "OH SHEET"!

    https://hotcopper.com.au/data/attachments/6294/6294193-f42fcafbf40e7e8e300193eecab332dd.jpg

 
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