Electricity disrupted - Part II

The National Electricity Market supplies electricity to 19 million users across five states on Australia’s east coast. Moving 200 terawatt hours of electricity worth $11bn a year, it includes the longest alternating current system in the world and over 40,000km of transmission lines. And all of it may be doomed.By displacing conventional power during its most profitable times, renewable energy has poleaxed conventional power.About 25% of power generation profits come from supplying power 0.4% of the time at peak prices. Losing these precious hours of peak demand is a bit like retailers losing Christmas. It decimates industry profitability.Solar is particularly...

The National Electricity Market supplies electricity to 19 million users across five states on Australia’s east coast. Moving 200 terawatt hours of electricity worth $11bn a year, it includes the longest alternating current system in the world and over 40,000km of transmission lines. And all of it may be doomed.

By displacing conventional power during its most profitable times, renewable energy has poleaxed conventional power.

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