Apparently the penny is dropping, all over the place, we mentioned this could be a problem some time ago.
reneweconomy-com-au.cdn.ampproject.org
The demand forecasts in the Integrated System Plan’s Step Change scenario will not be achieved without more targeted policy, particularly in regard to industry electrification and specifically electrification of process heat.
A large, even dominant area of business electrification would be replacing gas with electricity in process heat. For this to be economic either the gas price has to be much more than it is right now, or electricity has to be cheap. A price of $50 MWh electricity = $13.9/GJ gas (divide by 3.6).
Like other areas, business won’t commit just because the electricity price is low today, they want confidence that prices will be low for long enough to get a return on capital.
While absolutely certain based on science that the c02 chase is absurd and that solar wind switch is not even reducing co2 overall, going renewable would be a great move if it was economic if only due to the finite amount of oil, and drama in supply chain.
I live in a fully off grid battery solar setup because it makes sense economically vs having Energex bringing power to my rural block.
Plenty of such cases even if the overpriced energex setup cost could be debated as well.
When we changed to our Chinese MG as second car, not going EV was a pure economic decision: we had plenty of fully free electricity, range was not an issue.
Both above choices were fully a domestic and Qld affair: looking at local taxes,costs and situation.
If you compete internationally as a business, then you need to add comparison to the rest of the world.
Well, it is clear that the renewable path is not competitive in Australia,where it should be with plenty of open space and sun.
And guess what,facts tend to always win however long you push the narrative as the Renew mob push it.
Note
Hydro happens to be renewable and is one of the best source of energy but has long been used and can hardly be extended, and not really available for us in Australia with the constraints we put on ourselves.. again..
We spend should i say waste hundreds of billions on NDIS,subs, F35, Aboriginal pits but setting up an hydro scheme in Northern Australia with centuries of benefits is too hard, so we spend more billions to buy Chinese panels and Indian giant fans to ensure we destroy our economy....arggggg
But China, India are thanking us..
Now, most of the H2 is moving to blue H2 ..cracking fossil fuels ..as a transition