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Redbank was interesrting because it was one of the newest plants in the country (relatively speaking). It was also relatively small. I thought the bankers would keep it running but it turned out not to be the case. It spent most of this year running at near capacity.
It actually spent most of its (relatively short) life running at full capacity. A true baseload operation, offline only for maintenance really.
There's a big problem brewing in the generation industry in the longer term. Under current circumstances there are few opportunities to build anything new unless you're planning to give money away. Even with currently operating plants, there are quite a few which are viable only until something breaks in a big way. That is, they are profitable on a pure short term cash cost basis, but it wouldn't make sense to invest anything beyond basic maintenance. Once a major overhaul is required, that's it, game over unless the owner isn't seeking much of a return on their investment.
So we've basically got a situation where we're running down capital in the industry. We're heavily reliant on plants that were designed and built by people who have long since retired, and those power stations themselves are in some cases now well past their original design life.
We'll end up with an energy crisis in Australia at some point. The only questions relate to the details of exactly what and when. But we're clearly heading towards it at some point. No amount of investment into transmission and distribution, be it gold plated or not, is of use if you don't have power to transmit and distribute in the first place.
Anyway, we've got another public power station tour running tomorrow, this time at Tarraleah. 76 years (and still very much an ongoing operation) of baseload renewable power generation from that place. But as with most of the industry, I very much doubt it would be financially viable to build it from scratch today.
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