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This one has potentially broader consequences outside the NT.Interesting imho
Gas field supplying NT's power plants runs into serious production problems
Production from the offshore field which supplies gas for the Top End's electricity generation has decreased by nearly 50 per cent this year.www.abc.net.au
I dont think they have any other option. As Ive said, it will take a lot of capital, for very little ROE, the Governments will have to do it. Companies like AGL that already own a lot of infrastructure will take the low hanging fruit, the Governments will have to install the non financially viable stuff.About time. I doubt if the Parrot I n NSW will follow suit though unfortunately
Our taxes as gift to the world, as the Germans did, privileged to increase the benefits of China companies to a new golden IdolI dont think they have any other option. As Ive said, it will take a lot of capital, for very little ROE, the Governments will have to do it. Companies like AGL that already own a lot of infrastructure will take the low hanging fruit, the Governments will have to install the non financially viable stuff.
Yep all to reduce our 1.8% contribution. LolOur taxes as gift to the world, as the Germans did, privileged to increase the benefits of China companies to a new golden Idol
- Lindsay Partridge, MD, Brickworks Ltd“If you want to go to renewables, you need a 50-year or 75-year plan – you can’t do it in the next 10 years”
I disagree with the notion that it needs to take 50 or 75 years but absolutely it needs a proper plan yes.Great post @Dona Ferentes , as Ive said over and over people just dont understand the enormity of the issue and the media are too dumb to report it.
Bearing in mind the big problem in Australia isn't that we've failed to plan but rather that not having a plan was a conscious objective, indeed the regulations make any real planning all but impossible beyond a theoretical level. Not having a plan is our plan.
That's what happens when we keep electing Conservative governments who believe that "the market will fix it".
That's not to say Labor politicians know any more about the subject, but they were smart enough to set up Infrastructure Australia as an independent body, so maybe they should set up a similar body for the energy industry in particular and follow their advice.
Market does fix it: prevent exploration, investment in fosdil fuel and energy proce goes balastic but wasn't it tge aim:And whatever happened to the Finkel report ?
102756SETTLEMENTS RESIDUE31/10/2022 12:00:44 PM
[EventId:202210311200_NRM_NSW1_VIC1_started] NEGRES CONSTRAINT NRM_NSW1_VIC1 started operating from 31 October 2022 12:00
AEMO ELECTRICITY MARKET NOTICE
Issued by Australian Energy Market Operator Ltd at 1200 hrs on 31 October 2022
ACTUAL NEGATIVE SETTLEMENT RESIDUES - NSW to VIC - 31 October 2022.
Electricity Market outcomes have resulted in the accumulation of negative settlement residues that have exceeded the allowable negative residue threshold for the NSW to VIC directional interconnector.
The negative residue constraint set NRM_NSW1_VIC1 commenced operating from 1200 hrs on 31 October 2022.
This constraint set contains an equation with the following interconnectors on the LHS:
VIC1-NSW1
The RHS of the constraint equation may be adjusted to manage residues.
This is an AEMO autogenerated Market Notice.
And we can also agree this is in no way a free market issue?So far as markets are concerned, a distinction needs to be made between markets as a generic concept and the actual "market" we have, the National Electricity Market, as distinct from the non-market approach of monopoly utilities which preceded it.
Suffice to say the NEM has a rather long list of omissions and flaws which run counter to technical, environmental and even economic objectives. Hence we've ended up with seriously expensive energy that really need not be.
I'll put these two charts up. One for NSW and one for Victoria. Both are for today:
View attachment 148681
View attachment 148682
Now you don't need to be an engineer to spot that something happened today. At about midday there's a plunge in Victorian generation and a corresponding rise in generation in NSW.
Now you could be excused for assuming that something terrible had occurred in Victoria, some sort of major breakdown or incident but that, thankfully, supply from NSW as able to keep the lights on.
If only that were true......
What actually happened was this:
To explain that, it's nothing to do with electrical engineering and nor is it anything to do with problems with boilers, wind gusts or even something like maintaining flow in a river. In truth it's accounting, yes accounting of the financial kind.
So we fixed an accounting problem by turning off about 1500 MW of wind generation, mostly in Victoria with a bit in SA, and replacing the output by burning gas and running hydro generation in NSW then gradually ramping up coal. Running hydro generation that, I might add, is drawing on a water storage that's presently 45% full and with water being discharged into a catchment that's actually flooding downstream to the point of being a problem in itself.
You won't find an engineer who sees logic in this. Even those who are in the camp that isn't at all concerned about the use of fossil fuels will say that if we've already built wind farms then it's outright crazy to not use them.
Therein lies the reason mere mention of the word "market" tends to be met with rolling eyes and derision by those who see this stuff routinely. The actual market we have is shockingly inefficient, having been captured by an assortment of ideologues who've taken it a very long way from the fundamentals of both engineering and economics.
That wasn't an isolated incident and to be clear neither AEMO nor any of the affected companies have done anything wrong. Just enforcing the rules as drawn up by others....
Now please don't anyone tell me I should be shivering in the dark to save on emissions. Not whilst this nonsense goes on.
Yep.And we can also agree this is in no way a free market issue?
What a shamble..
Fully agree, while i consider this mad rush to "green energy" crazy, once installed and producing for free, use it.The least we can do.Yep.
It wouldn't happen in a truly free market but at the other end of the scale a monopoly utility wouldn't do things to punish itself either.
Regardless of the arguments for or against building any particular form of generation, if it has actually been built and it's of a type that costs practically nothing to run then it's crazy to not fully utilise it.
We could achieve a significant improvement, both in terms of economics and in terms of natural resource use and the environment, simply by making optimum use of what we've already got in terms of physical generation and transmission. That it doesn't happen is simply down to politics and bureaucracy getting in the way of both engineering and sensible economics, a situation that frustrates many.
That wasn't an isolated incident and to be clear neither AEMO nor any of the affected companies have done anything wrong. Just enforcing the rules as drawn up by others....
All will be solved if they let me make the rules.Do you think the rule book should be thrown away and have a free for all ?
Or , we should have rules but the current rules are not appropriate ?
MickThe WA Premier has admitted it is likely the state will be forced to import coal from New South Wales to keep its lights on over the coming years.
Key points:
- Mark McGowan says sourcing enough coal will be a challenge
- Mr McGowan says coal will be needed for another eight years
- There are growing concerns over the state's electricity grid
Concerns about the state's coal supply have been steadily growing, with receivers appointed to one of the state's main coal mines in September.
The following month, the government admitted it would be shutting down one of the state's coal-fired power stations for three months "to further build its coal stockpiles".
Coal needed until 2030: Premier
Premier Mark McGowan said finding enough coal would continue to be a challenge as the state's power grid transitions away from coal and closes its remaining coal-fired plants by 2030.
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