No doubt there will be a frog species threatened so it will probably be shelved.
A qldFrog ? Or should it be on the ignore list ?
This one is already celebrating its new home
No doubt there will be a frog species threatened so it will probably be shelved.
A qldFrog ? Or should it be on the ignore list ?
AGL has said it will require $20B in order to move away from coal fired-power stations which they intend to close in 2035. Now, if AGL doesn't have that amount of dosh in the kitty, I wonder who they will ask to cough up? Here is a radical thought. Cease paying dividends to shareholders to offset that cost even if partially.
And does the management now reckon its $4.8B expenditure on renewables over the last 20 years was a little on the low side given in that time the CSIRO was hinting renewables could fully replace coal-fired base load and more if sufficient investment was made. I leave it to the imagination of readers which organisations poured scorn on the CSIRO's suggestions.
Energy security is a big concern. If companies want to close coal stations, fine , but they should be required to actually invest in replacing the output of those stations, and if they can't then return the coal stations to government control in operating condition.
I like Queensland's policy of government ownership of new generation and distribution assets. A lot of the problems in the power industry have been due to privatisation in my view.
The big problem is, the Government is the one legislating carbon reductions, especially in the coal generation sector.I get annoyed when companies imply others should pick up the tab for what they fail to do. Usually the excuse is "Oh but our shareholders....". That is part of the risk shareholders need to accept if they want the company to survive but the back pocket speaks loudly.
Trouble for the AGL board is that they've been heavily criticised for having to write off much of that investment.And does the management now reckon its $4.8B expenditure on renewables over the last 20 years was a little on the low side
Great news.Nothing new in this article, but more evidence that the media is cottoning on to the challenges of upgrading the electricity grid.
After a week of power industry surprises, Australia arrives at a 'tipping point'
Everywhere you looked over the past few days it seemed the super-charged transition from coal-fired power to renewable energy was on display. So what's next?www.abc.net.au
Interesting that the lines themselves don't appear to be broken.Landslide damage to transmission tower near Poatina, Tas:
A full analysis will have to be done to see if everything responded as it should but most likely there's been a short circuit.Interesting that the lines themselves don't appear to be broken.
Did the transmission system somehow sense a problem and shut down?
About time. I doubt if the Parrot I n NSW will follow suit though unfortunatelyGiven how (ineffectively) the free market has tackled renewable energy transition it is no surprise that governments have decided to step in and make things happen.
The SEC will be revived in Victoria under an Andrews government and other states seem likely to follow suit.
Australia's biggest electricity system 'on life support' as states take control of the energy transition
By energy reporter Daniel Mercer
Posted 7h ago7 hours ago, updated 40m ago40 minutes ago
View attachment 148278
Victorian Premier Daniel Andrews is touting "clean, government-owned renewable energy".(AAP: Diego Fedele)
Help keep family & friends informed by sharing this article
A leading Australian energy expert says the country’s biggest electricity market is on life support as state and federal governments increasingly take control of the transition to renewable power.
Key points:
- The Victorian Government says it will renationalise part of the state's electricity system
- The decision follows similar moves by other governments at state and federal levels
- The Grattan Institute's Tony Wood says governments have all but given up on the national electricity market
Australia's biggest electricity market on life support as states take control
Top energy expert says the country's biggest electricity market is dying as state and federal governments take control of renewable energy switch.www.abc.net.au
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