Value Collector
Have courage, and be kind.
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Interesting video about Battery recycling future of EV and Tesla.
The future of energy generation and storage
- Thread starter Value Collector
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Lets talk practical on dealing with a new renewable energy system for the Australian community.
How much do we think we could contribute that would make a HUGE difference to our systems ?
How about, say, the cost of a cup of coffee or a beer once a week. ? Say $200 over a year ?
Check out what that could achieve.
What you’d spend to prevent climate change — and what you could get with your money
https://www.abc.net.au/news/2019-12...limate-change-and-what-you-could-get/11784704
How much do we think we could contribute that would make a HUGE difference to our systems ?
How about, say, the cost of a cup of coffee or a beer once a week. ? Say $200 over a year ?
Check out what that could achieve.
What you’d spend to prevent climate change — and what you could get with your money
https://www.abc.net.au/news/2019-12...limate-change-and-what-you-could-get/11784704
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Victorians hoping for the weekend to come.
https://www.smh.com.au/business/the...twave-strains-power-grid-20191217-p53knp.html
From the article:
Ahead of scorching temperatures of more than 45 degrees across parts of the state, authorities are bracing for a supply squeeze and have issued a level-two "lack of reserve" warning from 3.30pm to 6.30pm on Wednesday, when millions of people will arrive home to power up their air conditioners .
https://www.smh.com.au/business/the...twave-strains-power-grid-20191217-p53knp.html
From the article:
Ahead of scorching temperatures of more than 45 degrees across parts of the state, authorities are bracing for a supply squeeze and have issued a level-two "lack of reserve" warning from 3.30pm to 6.30pm on Wednesday, when millions of people will arrive home to power up their air conditioners .
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Looking at it right now, if the actual weather is no calmer than forecast, if the electrical load is no higher than forecast and if nothing that isn't broken now breaks within the next 24 hours then we'll scrape through.
So there's a possibility of industrial load being cut but it's by no means certain to occur. Could happen but not a given at this stage.
What is very likely though is a price spike - AEMO currently forecasts the spot price in Victoria to rise from a low of $39.59 overnight to $110.42 at 16:30, $588.12 at 17:00, $14499.99 at 17:30 and $14700.00 at 18:00 then start coming down from 20:30 onward - should be back under $100 by 22:30
Now if only there was a practical way for small investors to trade in that market.....
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Looking at it right now, if the actual weather is no calmer than forecast, if the electrical load is no higher than forecast and if nothing that isn't broken now breaks within the next 24 hours then we'll scrape through.
So there's a possibility of industrial load being cut but it's by no means certain to occur. Could happen but not a given at this stage.
What is very likely though is a price spike - AEMO currently forecasts the spot price in Victoria to rise from a low of $39.59 overnight to $110.42 at 16:30, $588.12 at 17:00, $14499.99 at 17:30 and $14700.00 at 18:00 then start coming down from 20:30 onward - should be back under $100 by 22:30
Now if only there was a practical way for small investors to trade in that market.....
Electricity futures ?
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So chalk that one up as a non event.
An individual could certainly trade electricity futures, it's a commodity market the same as any other, but not on a time scale so as to take advantage of a brief price spike lasting an hour or two.
Probably just as well though since today turned out to be largely a non event. It was fairly tight but not enough to get a major price spike - it went up a bit but nothing in any way exciting.
On the physical side, SA and Vic were effectively one due to the simultaneous high temperatures and load and on that basis:
All available coal plant in Vic was run flat out and, with the exception of the previously out of service unit 2 at Loy Yang A, worked flawlessly.
Hydro plant in Vic ran to its limit and worked perfectly. Supply from Tas and NSW was at maximum and no problems.
Gas was heavily used but not to the limit. A few minor hiccups technically but ultimately there was more capacity available in both states than actually needed on the day. Not a lot more but there was some spare so not out of bullets.
Batteries made a meaningful contribution. Not a huge one but they worked as intended yes so there's no reason to doubt them. Only issue is that at the moment there aren't many of them, so it's only a small contribution, but they work certainly. That's referring to large scale batteries not small ones in homes etc - suffice to say my research into the latter is turning up a few issues yes. In short some of them really don't like the heat.
Wind and solar - conditions weren't great, that was part of the concern, but they were generating. That's not a criticism or a bias, just reflecting the reality that production can't be controlled, we can't make it shine or blow, so it's everything else which needs to balance supply and demand and as such that's where the focus tends to be. That said, if there hadn't been any wind or sun then the lights would have gone out - that's the big that leads to much concern since wind going to zero isn't uncommon and of course the sun goes down every day.
Diesel plants in SA didn't even get warmed up as simply no need.
An individual could certainly trade electricity futures, it's a commodity market the same as any other, but not on a time scale so as to take advantage of a brief price spike lasting an hour or two.
Probably just as well though since today turned out to be largely a non event. It was fairly tight but not enough to get a major price spike - it went up a bit but nothing in any way exciting.
On the physical side, SA and Vic were effectively one due to the simultaneous high temperatures and load and on that basis:
All available coal plant in Vic was run flat out and, with the exception of the previously out of service unit 2 at Loy Yang A, worked flawlessly.
Hydro plant in Vic ran to its limit and worked perfectly. Supply from Tas and NSW was at maximum and no problems.
Gas was heavily used but not to the limit. A few minor hiccups technically but ultimately there was more capacity available in both states than actually needed on the day. Not a lot more but there was some spare so not out of bullets.
Batteries made a meaningful contribution. Not a huge one but they worked as intended yes so there's no reason to doubt them. Only issue is that at the moment there aren't many of them, so it's only a small contribution, but they work certainly. That's referring to large scale batteries not small ones in homes etc - suffice to say my research into the latter is turning up a few issues yes. In short some of them really don't like the heat.
Wind and solar - conditions weren't great, that was part of the concern, but they were generating. That's not a criticism or a bias, just reflecting the reality that production can't be controlled, we can't make it shine or blow, so it's everything else which needs to balance supply and demand and as such that's where the focus tends to be. That said, if there hadn't been any wind or sun then the lights would have gone out - that's the big that leads to much concern since wind going to zero isn't uncommon and of course the sun goes down every day.
Diesel plants in SA didn't even get warmed up as simply no need.
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For China, future remains coal:
https://www.smh.com.au/politics/fed...reatening-global-targets-20191217-p53ks6.html
Just a statement of facts from the biggest economy in the world
https://www.smh.com.au/politics/fed...reatening-global-targets-20191217-p53ks6.html
Just a statement of facts from the biggest economy in the world
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Note:
Not an endorsement...just that we'd better spend billions in dams and forest management than trying to reduce our own coal station numbers past the technical common sense
Not an endorsement...just that we'd better spend billions in dams and forest management than trying to reduce our own coal station numbers past the technical common sense
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148GW 
to be constructed, well if W.A shuts down its 1.5 GW that will help.
From the article:
"In other words, even if the rest of the world phased out all coal power use by 2035, China's coal power generation alone would greatly exceed the global limits determined by the [Intergovernmental Panel on Climate Change] for coal power use," the paper found.
Greta had better get on her bike and have a word with China.
On a more serious note, someone had better come up with a low cost nuclear option, for us all to survive. Or else we had better get out and plant a lot more trees.
Just my opinion.
to be constructed, well if W.A shuts down its 1.5 GW that will help.From the article:
"In other words, even if the rest of the world phased out all coal power use by 2035, China's coal power generation alone would greatly exceed the global limits determined by the [Intergovernmental Panel on Climate Change] for coal power use," the paper found.
Greta had better get on her bike and have a word with China.
On a more serious note, someone had better come up with a low cost nuclear option, for us all to survive. Or else we had better get out and plant a lot more trees.
Just my opinion.
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It still classes itself as a developing nation, but having said that it is lending money to Victoria, to drag itself out of its first world financial mess.
https://www.abc.net.au/news/2019-12...up-to-china-belt-and-road-initiative/11811638
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Yes, and so get some WTO special treatment for tariffs etc.
Trump complaints about it so can not be true
What I heard,and I may need to be corrected,is that you are classed as a developing nation if your per capita income is under about $12000 .China's is around $8000.Yes, and so get some WTO special treatment for tariffs etc.
Trump complaints about it so can not be true
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Australian miners starting to install renewables, to reduce reliance on diesel.
https://www.mining.com/2019-tipping-point-for-renewable-energy-at-mine-sites/
https://www.mining.com/2019-tipping-point-for-renewable-energy-at-mine-sites/
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Toward 9k usd this coming year, but with a fixed exchange rate so Trump angst
If China is a developing country many parts of the west must be requalified
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Anyone with a military spend over a certain % of GDP should also be classified as developed, irrespective of per capita income.
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If we’d stop this silly notion of trying to compete on price with China then the issue becomes straightforward to resolve.
Just needs most (not necessarily all) countries to agree to a global price on emissions and that anyone not complying will have a special tax imposed on the import of all goods produced there. Done.
No “per capita” excuses. No % reductions and so on. Just a global permit system and associated price to emit, with enforcement, and a tax on anyone who cheats.
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and embed the transportation price: sending parts as we do now from north Mongolia to Melbourne could justify local manufacturing maybe?
On an interesting area discussed a lot lately:
https://www.brisbanetimes.com.au/wo...-secures-crucial-backing-20191223-p53mbe.html
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It probably won't receive much media attention given the time of year but on 30 December in layman's terms:
*Transmission failure in southern NSW required supply from Victoria as the only available option to work around it. That was due to transmission problems not a lack of power within NSW as such - just couldn't get it to where it needed to be.
*Supplying into NSW combined with the hot weather and high demand resulted in a shortfall of supply in Victoria despite large volumes coming from both SA and Tas into Vic.
*AEMO activated RERT arrangements which in simple terms means some industrial load was turned off in Victoria but in an agreed manner not strictly a "forced" one. That said, there was no real choice, either agree or be forced.....
So all that could be considered as a small scale incident of sorts and yes it sent market prices haywire until it all settled down.
Origin Energy (ASX: ORG) have successfully returned Mortlake #2 to service and were operating at partial capacity during the above. Given the extent of work there's some tests etc hence not at full output straight away but it's going again as such.
AGL (ASX: AGL) have had Loy Yang A unit 2 running in recent days but it's off again at the moment to address some minor issues etc. That's unsurprising given the scale of the work - it's one of the bigger industrial repair tasks, to anything, done in Australia for quite some time so some tests, adjustments etc are to be expected.
*Transmission failure in southern NSW required supply from Victoria as the only available option to work around it. That was due to transmission problems not a lack of power within NSW as such - just couldn't get it to where it needed to be.
*Supplying into NSW combined with the hot weather and high demand resulted in a shortfall of supply in Victoria despite large volumes coming from both SA and Tas into Vic.
*AEMO activated RERT arrangements which in simple terms means some industrial load was turned off in Victoria but in an agreed manner not strictly a "forced" one. That said, there was no real choice, either agree or be forced.....
So all that could be considered as a small scale incident of sorts and yes it sent market prices haywire until it all settled down.
Origin Energy (ASX: ORG) have successfully returned Mortlake #2 to service and were operating at partial capacity during the above. Given the extent of work there's some tests etc hence not at full output straight away but it's going again as such.
AGL (ASX: AGL) have had Loy Yang A unit 2 running in recent days but it's off again at the moment to address some minor issues etc. That's unsurprising given the scale of the work - it's one of the bigger industrial repair tasks, to anything, done in Australia for quite some time so some tests, adjustments etc are to be expected.
Go coal go ....
The Chinese with their 7.5tonnes/per capita, make how many gigawatts of solar panels per year?
The Chinese with their 7.5tonnes Co2/capita make how many gigawatts of litium storage?
How many electric vehicles?
I can go on...
And Australia with it's 15.5tonnes Co2/capita puts how much industrial effort into what is the inevitable low intensity carbon future?
Young Ms Thunberg, as a Swede puts out 4.5 tonnes
You can be part of the solution or 'The Problem'.
Over to you Trawler... @ post#3769
The world could only do with about another 100 'GigaFactory' size lithium Battery Factory's ...
Tesla's aim is that it's factory's edge toward 100% renewable power....
Go Canavan Go Angus Go Schmo... Craig Kelly just follows them around with his pants on backwards and inside out.
What a team....
The Chinese with their 7.5tonnes/per capita, make how many gigawatts of solar panels per year?
The Chinese with their 7.5tonnes Co2/capita make how many gigawatts of litium storage?
How many electric vehicles?
I can go on...
And Australia with it's 15.5tonnes Co2/capita puts how much industrial effort into what is the inevitable low intensity carbon future?
Young Ms Thunberg, as a Swede puts out 4.5 tonnes
You can be part of the solution or 'The Problem'.
Over to you Trawler... @ post#3769
The world could only do with about another 100 'GigaFactory' size lithium Battery Factory's ...
Tesla's aim is that it's factory's edge toward 100% renewable power....
Go Canavan Go Angus Go Schmo... Craig Kelly just follows them around with his pants on backwards and inside out.
What a team....
