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The KPI's for these blokes must have just consisted of just turning up for work, rather than working from home.Nine executives on the Snowy Hydro 2.0 scheme were awarded $4.5m in short-term bonuses in the past financial year, despite the project facing major cost blowouts and a delay of up to six years until completion.
The giant pumped hydro’s top bosses raked in a total of nearly $11m in their pay packets, which were up by more than 20 per cent on the year before. The payments were buoyed by a 30 per cent increase in bonuses.
The significant boost in salaries comes as the project continues to be beset by myriad delays, which have included the collapse of one of its main contractors, Clough, and the abrupt exit of its chief executive, Paul Broad.
Significant derailments in the project and closure of coal-fired power stations have triggered the Australian Energy Market Operator to warn of a supply crisis in the next few years unless new supplies come online or Snowy 2.0 can claw back delays.
The project’s key building partner has also been facing accusations of payment delays to contractors, while workers have threatened to strike after maggot-infested food was served onsite.
Unfortunately it's a bit like the subs, they don't have an option, the real tragety is the ones who most want renewables are the major hinderence.Snowy Hydro 2.0 has not been a raging success so far, not in anybody's language.
That has not stopped the Snowy execs getting huge bonuses.
From The Evil Murdoch press
The KPI's for these blokes must have just consisted of just turning up for work, rather than working from home.
Mick
Basically they are saying that despite falling gas consumption, much lower gas supplies means there will be a shortage until far more gas usage us removed from the market.Today, on the 16th of March 2023, the AEMO published its 2023 Gas Statement of Opportunities (GSOO). The executive summary of the publication begins with the line “Despite increased production commitments from the gas industry since the 2022 GSOO, gas supply in southern Australia is declining faster than projected demand“.
The report highlights the ‘risk of peak day shortfalls’ in the southern states from winter 2023 which are being forecast when modeled under very high demand conditions. It goes on to state that annual physical gas supply is forecast to be adequate until 2027 but investment “is needed in the near term to ensure operational solutions from 2027, despite falling gas consumption”.
Almost one year ago, the AEMO’s 2022 GSOO flagged longer-term challenges with the country’s eastern and south-eastern gas market with the AEMO’s Merryn York then-stating that the market operator was uncertain about the future demand supply of natural gas as the market looks to decarbonise.
Not sure if this has already been posted , but i could not find any reference, so here goes.
From WattClarity
Basically they are saying that despite falling gas consumption, much lower gas supplies means there will be a shortage until far more gas usage us removed from the market.
In Victoria at least, it is almost impossible to get approval to get gas connected to new housing developments.
Siz years ago, when we built our house, gas heating and gas stove top cooking were the the cheapest most effective way of doing both.
How quickly things change.
Mick
l guess we could swap the gas ducted system for an electric heat pump, but it means throwing a few grand away and spending a few more grand for another system, then replace the gas cooktop with an electric one, and replace the three gas instant hot water heaters for electric /solar.I remember when oil heaters were cheap and worked well, but that soon changed too.
It seems that households are relatively simple to convert from gas to electricity, I don't think you can say the same for a lot of industries.
For what ? Gas is getting harder to find and will only go up in price. I guess it depends on a number of factors including cost of conversion and if you intend to move soonWe
l guess we could swap the gas ducted system for an electric heat pump, but it means throwing a few grand away and spending a few more grand for another system, then replace the gas cooktop with an electric one, and replace the three gas instant hot water heaters for electric /solar.
Thats quite a few grands worth of expense for what?
Mick
Would take a lot of gas usage to make up for the conversion costs.For what ? Gas is getting harder to find and will only go up in price. I guess it depends on a number of factors including cost of conversion and if you intend to move soon
The really funny thing is, unless the electric cooktop is being supplied by renewables energy, how much extra pollution is being emitted by changing the gas cooktop to an electric one.Would take a lot of gas usage to make up for the conversion costs.
Gas and electricity both going up in price.
Plus I like insurance , when the electricity is not there, I can cook and heat water.
And as for shifting house, that will probably only happen if there is a divorce and my wife kicks me out.
Mick
Going into detail, more detail than is in the report:Not sure if this has already been posted , but i could not find any reference, so here goes.
Siz years ago, when we built our house, gas heating and gas stove top cooking were the the cheapest most effective way of doing both.
It'll depend when it's used.The really funny thing is, unless the electric cooktop is being supplied by renewables energy, how much extra pollution is being emitted by changing the gas cooktop to an electric one.
Yes, I was talking more from an efficiency/ emissions perspective, not from a fiscal one.It'll depend when it's used.
Right now, at this moment, the marginal source of generation in Vic and SA is wind.
NSW and Qld it's coal. Tas it's hydro.
That will change with time but right now that's the marginal source of generation, the resource used more of it you turn something on, so in Vic or SA it's a "use it or lose it" situation with wind and even in Qld and NSW well at least there's not a near term coal shortage like there is with gas.
That said, well most people aren't cooking before 6am.
My view - if you're buying new then go electric. It'll be mostly renewable over most of its lifetime. But if you've already got a working gas appliance then no panic to replace it for the reasons you mention - it's more about preparing for the future than any immediate gain.
Inside the facility designed to generate limitless clean energy — if it can solve the fuel problem
Among idyllic French villages and rolling fields, midnight convoys ferry enormous mysterious objects to construct the world's biggest fusion reactor. What's going on there?www.abc.net.au
The major goal of ITER, which is a multi-billion dollar collaboration between dozens of nations, is to show nuclear fusion can generate power at an industrial scale.
"Fusion energy is seen sometimes as the holy grail of energy," says Tom Wauters, a calm, slender and genial Belgian who works as a plasma physicist at ITER.
"The advantages of this technique — even though it's very complicated to achieve — is that you can have almost limitless energy."
If it comes off, it will be such a world changer.Lots of risks but gee got to give credit for them all having a go.
So the green citizens of Melbourne will be able to feel good by using more renewables during the day, but at no cost to them.A protest against a major energy transmission proposed for Central Victoria turned ugly this afternoon when nearly 100 farmers rallied with tractors against the controversial Western Renewables Link (WRL)
Farmers were waiting outside a meeting scheduled at the Dean Recreation Reserve, north of Ballarat, between proprietor of the project AusNet Services, the Australian Energy Market Operator (AEMO) and local stakeholder groups.
The WRL would see 500-kilovolt high-voltage transmission lines installed through a secton of the farming community that could be as high as 85 metres if they were to be installed above the ground.
The lines would transport renewable energy from Bulgana, north of Ararat, to Melbourne, but farmers are strongly opposed to the plan.
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