Yes, that is true as the railway from Mongolia demonstrates, from this article.China's been manoeuvring to get off oil & gas for quite some time now, pushing coal and electric cars hard. They obviously still need oil etc but coal's the play for them.
Cheap, local access to that coking coal will impact us even more on top of the current import ban on Aussie coal.For the next few years, coal will remain vital to China’s industrial strength and ability to power its cities. That’s where energy security comes in. China has invested heavily in freight railway capacity, in order to bring its own coal to its power and steel plants more cheaply.
It has also built rail connections to Tavan Tolgoi in neighbouring Mongolia, one of the world’s largest and cheapest sources of high-quality coking coal. With the new railway capacity, coking coal can now travel 1,200 kilometres to China’s steelmaking heartland in Hebei province, near Beijing.
For the next few years, coal will remain vital to China’s industrial strength and ability to power its cities. That’s where energy security comes in. China has invested heavily in freight railway capacity, in order to bring its own coal to its power and steel plants more cheaply.
It has also built rail connections to Tavan Tolgoi in neighbouring Mongolia, one of the world’s largest and cheapest sources of high-quality coking coal. With the new railway capacity, coking coal can now travel 1,200 kilometres to China’s steelmaking heartland in Hebei province, near Beijing.
That last statement if very salient.China’s ability to cut seaborne coal imports will grow further if its government increases its decarbonisation ambitions. These plans will be a key influence on the the remaining demand for seaborne coal.
Australia’s government and investors would be wise to consider these macro-level changes and plans as they look ahead, rather than focusing on short term gains from current market volatility.
Day to day is up and down as with anything but the Australian domestic energy market is certainly getting a lot tighter.With all the Russian taps turned off, so to speak, one can even envisage fuel rationing as evident already in Europe.
Further, if China can't keep the manufacturing engines turning, I think we can kiss the recent good times (Covid not withstanding), goodbye.
Yep. The spot price in Tas exists as a function of being part of a wider market, the National Electricity Market, but with local costs mostly unchanged nothing prevents simply ignoring that when it comes to contracts and retail pricing.Tas is uniquely shielded here on account of running on all the hydro electric dams.
Anyone remember the massive outrage and protest by Greenies opposing hydro in Tasmania?Tas is uniquely shielded here on account of running on all the hydro electric dams.
No. Not if built in wilderness areas like the Franklin. That dam never got built.Anyone remember the massive outrage and protest by Greenies opposing hydro in Tasmania?
Is hydro now considered green?
ask them i guess?Anyone remember the massive outrage and protest by Greenies opposing hydro in Tasmania?
Is hydro now considered green?
No. Not if built in wilderness areas like the Franklin. That dam never got built.
Dude you want some silver?USD, maybe gold.
make sure you do the bite test, can't trust anybody if your a pirate... or is that gold.. arrrrDude you want some silver?
I'll hook you up.
remember YESAnyone remember the massive outrage and protest by Greenies opposing hydro in Tasmania?
Is hydro now considered green?
Yes, I would...price??Dude you want some silver?
I'll hook you up.
Not paying the guardian to read your link.remember YES
worked out the Greens were intellectual lightweights , a Polish ( Soviet educated ) mate has a much harsher opinion
am more in line with The Blue Movement
Birth of the blue movement
Birth of the blue movement
Adam Werbach: To make environmentalism truly mainstream, we need to shift our focus away from political activism and toward everyday consumer choiceswww.theguardian.com
( show business a potential profit and they will create a way )
for a 14 year old article ??Not paying the guardian to read your link.
I'll simply say that it's a very good illustration of something that saw major public debate at the time and very strong opinions expressed on both sides but with many failing to grasp many of the issus relating to the whole thing.Anyone remember the massive outrage and protest by Greenies opposing hydro in Tasmania?
Is hydro now considered green?
Just had a musing about this on both a national and more global level:Day to day is up and down as with anything but the Australian domestic energy market is certainly getting a lot tighter.
Natural gas was circa $ 6 to 8 per GJ a year ago and was ~$10 at the beginning of 2022. At present the price ranges from $15.49 in Victoria to $18.60 in Brisbane and the trend is clearly upwards despite the daily back and forth.
Black coal price is just ridiculous in terms of cost for anyone exposed to international pricing.
Operators of generation with constrained fuel supply are starting to ratchet prices up pretty dramatically so as to keep physical production volumes within sustainable limits. Price too low means they'll be heavily dispatched = not sustainable so as the price of coal etc rises they're also hiking price.
Year on year wholesale electricity spot prices for first quarter:
State = 2021 price per MWh| 2022 price per MWh
Queensland = $55.63 | $253.45
NSW = $40.79 | 116.63
SA = $49.49 | $109.31
Victoria = $44.79 | $102.29
Tasmania = $58.53 | $98.93
WA = $49.34 | 59.81
Average all states except NT = $42.20 | $133.28
So some pretty hefty increases there.
Tasmania tends to ignore the spot price when setting contract pricing, the real references used are being internationally competitive (industry) or at least nationally competitive (others), but for other states there's less of that focus, what happens with the spot market will tend to influence where contract and retail prices go albeit with some delay.
Just because your home or business electricity bills haven't gone up yet doesn't mean there isn't some serious pressure building on price. There most certainly is.
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