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Renewables unable to stop price cap being broken in Qld for the first time., page-2

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AmbrosePethick

16,936 Posts.

13/06/22

13:39

Post #: 61972333
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Originally posted by Cowboyinvestor: ↑

The continuing energy supply crisis has seen another record broken over night, with Queensland trigger the market price cap for the first time ever as energy spot prices climbed over $1000 per Mwh with the cumulative 7 day total breaking through the $1.3m mark.

With approximately 30% of the states coal fired assets offline currently, renewables were unable to take up the winter demand spike which occurred over night as wind and solar were offline.

https://thenewdaily.com.au/news/state/qld/2022/06/13/queenslands-electricity-price-spike/

With prices predicted to continue to rise, what is the government doing to ease further cost of living pressures on households?

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More renewables is the cry from the crazies.
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