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The new hydro scheme will help a lot, one thing Turnbull managed to achieve.
It's just that we are paying for all the change through taxes rather than setting up a market to let the private sector sort it out that slows us down so much.
Its like we have a socialist government.
Good night, always good to discuss stuff intelligently.
Now I do agree with that statement, private generators only want to build plant that pays money, so that is the major problem IMO.
For us to become completely run on renewables we need a massive amount of storage, I mean mind boggling the more is better storage, because when we have extended periods of no renewable or low renewable generation we will rely on storage. In reality the shortfall in renewable generation could last weeks, so storage has to make the shortfall up, every day.
Just like if the sun doesn't shine on the solar HWS, you either turn on the electric or have cold water.
The problem with storage it isn't worth as much as generation, because it costs money to fill it and you only get money for what you sell of it.
If the renewable generators are going well, the storage will be used less, but it costs probably more to install, than wind and solar generation. So the return on equity will be $hit in comparison, with installing generation.
With generation, if you wait untill it is really required, you can sell everything you produce.
That is where your socialist system works, the Government has to put in the storage, because private will put in enough generation to feed the load and fill the storage because they will be paid for it.