On a macro level, the obvious culprit — at least in recent months — has been Vladimir Putin and his reckless disregard for humanity with the invasion of Ukraine, which, as a side effect, has thrown global energy markets into chaos.
But we largely have ourselves to blame for the current predicament.
First, a near 20-year battle over the science of climate — primarily waged by the Coalition for political purposes — resulted in a critical shortage of investment in energy generation.
That has left us reliant upon an ageing and unreliable fleet of coal-fired generators that spew huge amounts of carbon into the atmosphere and frequently break down.
Not only did the former Prime Minister not hold a hose. He also didn’t hold any patents for warp drives, perpetual motion machines, hoverboards or Iron Man arc reactors.
Solar and Wind are intermittent not dispatchable. This is why solar farms in the NT have sat idle for 2 years as the grid might collapse due to fluctuations in demand needing more actual dispatchable power to compensate.
Also, coal power stations can modulate output according to demand but not quickly enough to cover quick spikes or troughs in demand. NT Wind Farm
Hilarity ensues … there’s this concept where governments print fiat currency and prices increase over time. No really, it’s astounding I know!! Economists call it inflation.
https://www.rba.gov.au/calculator/annualDecimal.html
If you bother to look it up, $30 in 1975 is equivalent to over $200 in today’s money thus if the coal power stations can deliver for around $40 today what they were delivering for $30 back in the 70’s then they have become cheaper in real terms. If you knew about economics, then I would not need to explain what this means.
I checked on NEM and actually coal powered wholesale is actually more like $80 per MWh (hint: not MW/h you blubbering dingbat, get a clue about electrical measurements) but still better than the $200 equivalent, once price-inflation is taken into account.
If you want to step outside and check the street you will find there’s only one set of wires out there … all the electrons go through the same grid. They get subsidies by different mechanisms, the large scale projects get this type of subsidy.
https://arena.gov.au/news/whiterock-solar-farm-secures-6-million-arena-funding/
They dumped heaps of tax money into solar farms … that thing you keep claiming is really, really cheap ends up costing every worker in the private sector.
Tel
Hilarity ensues … there’s this concept where governments print fiat currency and prices increase over time. No really, it’s astounding I know!! Economists call it inflation.
Isn’t Non Mentis supposed to be some form of financial “eggspurt”? And he is unaware (to put it kindly) about the whole subject of inflation? ROFLMAO!