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Fundamentals in layman's terms:So with renewables you either firm with fossil fuels, nuke or hydro?
What was the plan for 100% renewables if that is the case?
How would it even be done with renewables- every house gets a battery or something. Or just huge batteries (that I can't imagine would be feasible)?
Round ballpark figure for a generic wind or solar project built on a large scale in Australia is $50 per MWh generated.So my understanding (and anyone feel free to correct me because I don't really know)
is that renewables are a cheap source of power. But the actual transition off one of the current firming measures is where the costs start to really add up?
The Australian Energy Regulator (AER) has initiated the Retailer of Last Resort process that will allow for the transfer of customers from electricity retailers QEnergy Limited and Mojo Power Pty Ltd to ensure the continued supply of essential energy services to these customers.
The AER applied the market safeguard after both companies were subject to wind-up orders made in the Supreme Court of Queensland on 15 June 2023.
Allan Finkle quits as advisor to the Victorian Governments new State Electricity commission, sounds as though the SEC is heading the way of the last SEC, I wonder when Dan will pull the pin on a high.
Sounds as though everyone is getting fed up with the narrative and starting to tell the mob, what was obvious to most.
Another example of reality catching up with the enormity, well we did mention the issues in this thread several years ago.
An early election might be on the cards, before the manure hits the proverbial IMO. I just can't see the mob liking the way this is going, in a year or two.
‘Profound slowdown’: Alan Finkel quits Victoria’s SEC
Former chief scientist Alan Finkel has quit his role advising Victoria’s SEC amid criticism by energy experts that it lacks clarity and capital.www.afr.com
Former chief scientist Alan Finkel has quit his role advising Victoria’s State Electricity Commission, as the organisation’s chief executive warned energy prices will rise, despite Victorian Premier Daniel Andrews’ election promise the SEC would bring down prices.
The Australian Financial Review can reveal Dr Finkel has quit his role advising the SEC, amid criticism by energy experts that plans for the re-established body lack detail and didn’t have sufficient capital.
The inaugural CEO of the SEC also told the Australian Energy Week conference it was still searching for its first project, amid growing concerns investments have dried up and the country is unlikely to reach its emission reduction targets.
Chris Miller, appointed interim CEO of the SEC, acknowledged on Thursday the energy transition would cause a large uptick in energy prices, despite Mr Andrews’ election claims.
“We know that getting to 95 per cent renewables in Victoria will require a large uptick in billed rates,” he told the conference.
The Grattan Institute’s energy director Tony Wood agreed.
“No-one who has ever understood any of the numbers would ever tell you the delivered price of electricity is going to go down unless you were going into an election and wanted to promise they would,” he said.
Mr Wood is among experts who have warned the SEC appears hopelessly short of funds, given the Australian Energy Market Operator estimates the transition from fossil fuels will cost around $320 billion nationally.
“There’s so many unknowns and questions, and none of them have been answered yet,” he said.
“We’ve got one shot of getting this right,” Mr Miller told Australian Energy Week in Melbourne.
“We know at a national level the Commonwealth government is aiming for 82 per cent renewable penetration by 2030. In Victoria we have a target of 95 per cent renewables by 2035,” he said.
“Current projections are that Victoria needs about 25 gigawatts of new capacity to reach the 2035 target.”
But Mr Miller pointed to warnings by the CEO of the Australian Energy Market Operator, Daniel Westerman, and data from the Clean Energy Council that shows “a profound and recent slowdown in new financial commitments for large-scale user generation projects”.
“In fact, in the first quarter of this year there were no new financial commitments across the nation despite a strong pipeline of projects.”
Mr Miller said registration of interest in investing with the SEC closed in May “and we received a really pleasing response” but said “we know that our seed capital of $1 billion doesn’t buy 4.5 gigawatts acting alone”.
Mr Westerman warned the conference on Tuesday that investment in new, clean electricity supply is not happening fast enough to replace closing coal power stations.
No new renewable energy generation projects reached a final investment decision in the March quarter, despite more than 200 gigawatts of proposed future generation projects.
Coal plant closures are set to accelerate at the same time, building on AGL Energy’s shutdown of the Liddell power station in NSW in April.
Grattan Institute energy director Tony Wood agreed on Thursday with new head of the French-owned energy group Engie in Australia Rik De Buyserie, that the country is on track to miss its 2030 climate targets.
“I would be very impressed and absolutely surprised in a positive sense if we were to achieve anywhere near 82 per cent renewables by 2030,” Mr Wood said.
The big issue is making that 2030 line in the sand IMO, as I said when Labor announced it the problem is it is a measurable target witha ridiculously short time frame.Soon the people will be asking, if they are not already, "what is the most important, the climate or cheap energy prices" ?
Does anyone have the guts to admit that the task is bigger than they thought and perhaps build things that actually generate power at affordable prices rather than just reduce emissions ?
Maybe just buying solar panels for every house in the country is a better bet than spending $billions on transmission lines and wind farms ?
There's no shortage of people in the industry who grasp what needs to happen and who are capable of making it happen.Does anyone have the guts to admit that the task is bigger than they thought and perhaps build things that actually generate power at affordable prices rather than just reduce emissions ?
Nailed it @Smurf , hopefully someone is listening, but these days that doesn't seem to happen.There's no shortage of people in the industry who grasp what needs to happen and who are capable of making it happen.
Trouble is the politics stands in the way.
What's needed is the term older people often use. Start talking about electricity supply and they'll refer to it as "the electricity authority" or something very similar to that.
Key word being "authority" and if we look how the present power system was built, it was done in just that manner. An authority that did in fact have the authority to do things with government keeping watch from a distance, asking probing questions to ensure it was on track but otherwise letting it get on with the job.
Trouble with a lot of this is first level thinking and looking only at one aspect of the problem when what we need is to look at and solve all aspects. Thing is, that's way beyond the capabilities of politicians but it's not undoable as such.
The big problem with politics is it doesn't acknowledge its own limitations and that it needs to set the broad direction then step back and let others get on with it.
A century ago in Victoria, Sir John Monash explained all this to the then state government.hopefully someone is listening, but these days that doesn't seem to happen.
AEMO is the modern equivalent or are they just another committee?A century ago in Victoria, Sir John Monash explained all this to the then state government.
He went into detail about why the solution was to develop coal and hydro, not just one or the other, and the reason for building two distinctly different types of coal plant in different locations.
Whether the politicians ever understood the technical aspects or not, they did grasp that Monash clearly understood them and left him to get on with the job.
Within 10 years of it's inception, so 1918 - 1928, the SECV had brought into operation:
A coal mine.
A briquette factory.
A coal-fired power station burning raw coal with 6 units for base load operation.
Four hydro stations with a total of 5 generating units for intermediate operation.
Three coal units in Melbourne for load following, peak load and backup. These being fuelled with briquettes.
A transmission system connecting them together.
Roads, railways etc as required to support the above.
All built from scratch.
That's what happens when a competent person is put in charge and left to get on with it and the story in other states is much the same.
Even if they push home solar and batteries, it isn't like the NBN or the pink batts, the logistics of supplying that amount of electrical equipment, then installing it is mind boggling. I don't think it would be achievable in a sensible time frame that would warrant the Govt trying.Unless they start heavy subsidies of home batteries to offset some of the cost and power draw. Not sure what they are going to go with considering the idiots locked us into targets.
Big difference is AEMO operates that which exists but it has no authority to build or own physical assets. They can identify the need and write reports but they can't go and build it themselves.AEMO is the modern equivalent or are they just another committee?
Sir John Monash was an organising genius. He was also a skilled engineer and could see engineering opportunities which would not be visible to many other people. His leadership in WW1 saved may thousands of lives and was a critical part of ending the war quickly in the final push. Victoria and Australia was very fortunate to have his service to the country.A century ago in Victoria, Sir John Monash explained all this to the then state government.
He went into detail about why the solution was to develop coal and hydro, not just one or the other, and the reason for building two distinctly different types of coal plant in different locations.
Whether the politicians ever understood the technical aspects or not, they did grasp that Monash clearly understood them and left him to get on with the job.
Within 10 years of it's inception, so 1918 - 1928, the SECV had brought into operation:
A coal mine.
A briquette factory.
A coal-fired power station next to the mine burning raw coal with 6 units for base load operation.
Four hydro stations with a total of 5 generating units for intermediate operation.
Three coal units in Melbourne all for load following, peak load and backup. These being fuelled with briquettes.
A transmission system connecting it all together.
Frequency changers to allow routine power sharing between the Railways' 25Hz power system with its existing power station and the SEC's 50Hz system. Plus connection of the Melbourne City Council's power station to the main grid also. This brought about effectively a single power system operated as one under SEC control albeit with the Railways and MCC continuing to own their facilities.
All built from scratch less than a decade from having decided something needed to be done without any plans prior to that.
That's what happens when a competent person is put in charge and left to get on with it and the story in other states is much the same.
Just shows Bas, a leader doesn't have to be a well loved and popular person to be a good leader, they just have to put the interests of the country first.Sir John Monash was an organising genius. He was also a skilled engineer and could see engineering opportunities which would not be visible to many other people. His leadership in WW1 saved may thousands of lives and was a critical part of ending the war quickly in the final push. Victoria and Australia was very fortunate to have his service to the country.
One interesting aspect re John Monash. He was not a popular person early in his Military career. He was a Prussian-Polish -Jew (Three strikes !) ) not a professional soldier (also bad) and regarded by some as jumped up engineer trying to be a Military Officer. He had to work hard to be accepted and successful.
The Wiki article on John Monash is very thorough with his early life engineering achievements and Military record. Well worth a read.
Just shows Bas, a leader doesn't have to be a well loved and popular person to be a good leader, they just have to put the interests of the country first.
Funny how times have changed.
Well in W.A John Tonkin was very much loved by the people, Charlie Court not so much, they both did a good job and were well respected, the last bit is the issue in todays society IMO.SP John Monash was very well loved and popular across the armed forces and the country. His soldiers loved him becasue he did not see them as canon fodder and created very astute military strategies. I made the comments about the initial disapproval by fellow officers as an observation on the prejudices that were quite accepted at the time.
Canberra the virtue signaling beuracrat capital of Australia, why the hell would they still be reticulating gas to the houses, when they are throwing around money for people to put in solar?I hear a distant wail of "Wattaboutme?"
"From July, only homes with an unimproved land value of $450,000 or less will qualify for interest-free loans to install solar products."
Interest-free loans for solar will soon be restricted for Canberra households while encouraged for apartments
Under changes to the ACT government's Sustainable Household Scheme, only properties with an unimproved land value of $450,000 or less can apply for an interest-free loan to install solar products.www.abc.net.au
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