| ▲ | nandomrumber a day ago | |||||||||||||||||||||||||
€0.1 is about AU$0.18 That’s about what our electricity used to cost. Back before we locked ourselves in to wind and solar, and gas peaker plants, and a massive pumped hydro project that will approximate never be finished. Sweden’s energy mix is predominantly nuclear, oil, and hydro. Wind and solar account for 10% and 1% respective. There’s no escaping the fact everything wind and solar go electricity prices go up. Drastically. In Australia, since 2005 wind and solar have increased to about 11% and 17% of electricity generation respectively. And that time period correlates perfectly with the just over 100-200% increase in electricity prices, depending on where you live. In 2005 I was paying AU$0.17 per kWh in South Australia, now that’s up around AU$0.44 per kWh. Elon even put in a big battery in South Australia. Hadn’t helped. Hasn’t helped reduce the cost of electricity. And that’s what the Australian government wants us to hail a success. That’s 250% increase. While general inflation in the same period has been 67%. Wind and solar haven’t even really started to put a dent in Australia’s over all energy use, which is dominated by gas and oil, and people are falling over each other to get in line to vote for more of it. Other locations with big batteries and big electricity prices include Victoria Australia, Melbourne the capital is widely considered the California of Australia, and California itself. Big batteries, big solar, big electricity prices. Fact. Find me a counter example. Germans are hanging solar panels off their apartment balconies. Not because they want to. Out of desperation. Just like poverty Africa. That’s equality: everyone can have nothing, and they’ll like it. My god. No one is running an industrial economy on their balcony. | ||||||||||||||||||||||||||
| ▲ | aeonfox 15 hours ago | parent [-] | |||||||||||||||||||||||||
> In Australia, since 2005 wind and solar have increased to about 11% and 17% of electricity generation respectively. > And that time period correlates perfectly with the just over 100-200% increase in electricity prices, depending on where you live. I'll say this one thing and get out of the way. The price shock began in 2022[1] (see figure 1). The rise in energy costs aren't due to solar and wind generation, which is the cheapest there is. It's due to the transmission and variability of intermittent renewable energy, and also sensitive to export prices of gas due to our weak policy on gas reserves. Batteries are the answer to that as they can store when its cheap and dispatch to the grid when it isn't (and that includes home batteries). The Neoen battery which you mentioned, was the world's first big battery. It's been wildly profitable, which is basically driving the market to invest more in grid scale batteries and less in large scale renewables. So the federal and state governments aren't picking a winner by backing batteries, these policies are just accelerating us towards a cheaper grid using the momentum that's already there in the market. The federal government is also trying to offset the ending of the state-level bill relief for those that can't afford batteries, and reducing grid pressure/prices in the evening when everyone gets home. [1] https://www.energycouncil.com.au/analysis/spot-market-prices... | ||||||||||||||||||||||||||
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