|
|
The Australian Fake Free market is so screwed. What asset is worth more in the trash-can than sold to a willing bidder? AGL is the definition of Predatory Capitalism.
Everyone is talking about Liddell. The old coal plant is on the chopping block in 2022 and we can see the electricity price rise coming from here.
People in Australia are going without their veggies to pay for electricity. Liddell coal plant makes cheap electricity (like old coal plants everywhere). This is a problem that would solve itself if not for Malcolm Turnbull, the RET, and the AEMO. It takes a lot of money and whole fleets of bureaucrats to stop the free market fixing this by default.
AGL is the largest coal-fired producer in Australia, but it’s also the largest generator in toto and the largest investor in renewable energy on the Australian Stock Exchange. Spot the conflict of interest? The company controls 30% of the generation in our two largest states, and 40% in South Australia. The man in charge of AGL – Andy Vesey — formerly of New York, earns $6.9 million a year, and can probably afford to pay his own electricity bill. But as Tony Cox […]
The gold-plated stars of our national grid are the old coal plants we’ve built and paid off.
A US report (thanks Lance) shows how fantastically cheap and bountiful old coal and nuclear plants are. The LCOE or the Levelized Cost of Electricity includes the costs of the concrete, turbines, car parks and coal, plus the maintenance and salaries. It reveals that thirty year old, and even fifty year old coal plants, are the gift from past generations — enormous infrastructure, built and paid for, and ready to churn out bargain electrons. Or in crazy-land, ready to be blown up.
Look how long it takes to pay off the capital cost of building them (the red sector in the graph), and look how wonderfully cheap that electricity is from a 30 year old plant. Watch the pea. All those “investigative news stories” that compare the cost of building new coal to the cost of solar or wind are hiding the most brilliant and essential assets on our grid. Reopen Hazelwood now. (!)
Both sides of politics are choosing to destroy the family jewels in the hope of controlling global weather.
….
From the report by Stacy and Taylor, of the […]
Australia is a wonderful living experiment for nations worldwide of how a people with more energy resources per capita than anywhere else in the world can sabotage a perfectly good electricity grid in the hope of appeasing the Weather Gods.
At the request of Senator Malcolm Roberts, Alan Moran slices up our “Chief Scientists” report (known as the Finkel Review) and gives us some home truths. Electricity costs have doubled in Australia, Finkel’s plan would take what isn’t working, and do more of it — in the process pretty much destroying one fifth of our manufacturing base, costing us thousands of jobs, and adding almost $588-$768 per household annually to energy bills. Let’s ask Australian voters if they want cheap coal power or if they’d rather spend $600 a year to make the weather unmeasureably nicer in 2100? Why don’t we have a plebescite on that?
In other basic truths Moran points out that while Finkel seems to think new coal fired plants are uneconomic, everyone else is building them around the world. Old plants don’t have to be blown up on their 50th Birthday either. They can be maintained instead, like lots of other perfectly good 50 year old […]
In one of the most massaged spin-doctor sales messages in Australian history, the Finkel Report is here to “take the politics out” and solve our energy instability and out-of-control prices. But it’s actually an aggressive green-left weather-control program where cost and stability are secondary to the unspoken but main aim which is to slow storms in 2100. If Finkel were really aiming for stability and price control he’d let the free market run, get the government out of our electricity grid and look at the evidence that shows that solar-panels and wind farms don’t, won’t and can’t work as global air-conditioners for us or our grandchildren.
Australians, read this line and weep:
“Modelling for the Review estimates that by 2030, 42 per cent of electricity demand will be met by renewable generation.”
This is where South Australia is currently at, but it has a lifeline to coal power in Victoria whenever it needs it. What happens when the whole National Grid needs a lifeline? Pull out your wallet…
How much does an undersea cable to New Zealand cost? It’s only 2,000km.
For the same price we might be able to afford a new ultra-supercritical coal plant and catch […]
Three days to go: The Hazelwood shut down begins
The situation in Australia right now:
The total fossil fuel output compared to total wind power generation, NEM, Australian electricity market, 21 March 2017
One old coal plant makes more electricity than all the wind farms
Guest Post by TonyfromOZ and Jo Nova
I’ve been watching the output of all eight generators at Hazelwood closely all month and comparing it to the total wind farm generation across the National Electricity Market (NEM). The old warhorse is a remarkable engineering and economic success.
I’ve kept a total of the power output each day from midnight to midnight and a running cumulative total. So far, the running total output from Hazelwood has always stayed ahead of the total from wind farms. So this 53 year old coal fired plant that is being shut down next week has produced more energy than the 43 wind plants on the National Energy Market. Even if we could store the energy from the wind farms, it still doesn’t add up to the same as one very ancient coal plant. The shut down starts in three days time on Friday March 24th.
Over […]
|
JoNova A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).
Jo appreciates your support to help her keep doing what she does. This blog is funded by donations. Thanks!
Follow Jo's Tweets To report "lost" comments or defamatory and offensive remarks, email the moderators at: support.jonova AT proton.me
Statistics
The nerds have the numbers on precious metals investments on the ASX
|
Recent Comments