as soon as Friday, with the Australian Energy Regulator writing to power companies on Thursday evening telling them to act in good faith and not to withhold any available electricity supply from the market.
The board is calling for a “technology neutral” policy that could be applied to grid-scale batteries, pumped hydro, gas and coal as well as renewables. Corbell said a capacity mechanism was needed to solve the “long-term problem” of attracting massive investments in dispatchable capacity projects, such as pumped hydro and batteries, which must grow from a total capacity of around 20 gigawatts today to 60 gigawatts by 2050.
Bowen will on Friday announce $45 million in funding for the Australian Centre for Advanced Photovoltaics , which he said was a “world leader in solar research and innovation”.
NickToscano1 And I suspect 50+% of that will be government subsidies. If renewables are so good and going to be so much cheaper why don’t they just do it and the markets would be sure to follow wiping out FF alternatives.
NickToscano1 Despite the fact renewable developers have not yet demonstrated they can supply a reliable functioning grid globally.
NickToscano1 I thought fossil fuels were supposed to be uncompetitive?
NickToscano1 Yeah they would say that.
NickToscano1 Notice to the coalition of large renewable energy investors: You should have invested in reliable and available baseload power generation rather than an intermittent undeveloped ideology.
NickToscano1 So unreliables can only compete against fossil fuels if they aren’t allowed in the market.
NickToscano1 Ha ha… investment are risk? Sums it up. Without gas as backup there won’t be enough power generated by renewables to keep the lights on. Blackouts will be the norm. No thanks.
NickToscano1 We need to rely on 'dirty' power generation until renewable energy is up an running and proven to be able to carry the load. Just invest and build the infrastructure and then when it can cope with our needs, we can safely stop using and investing in coal etc.
NickToscano1 I thought 'renewables' were cheap and reliable and can compete with FF generators?
NickToscano1 Sounds like an impartial view
NickToscano1 Look my naked photo ❤️😘
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