Hunt doesn’t understand CEC modeling on Renewable Energy Target

Despite Phoney Tony’s Tea Party denials, ad infinitum, it’s actually mortgage belt and elderly folks who have been installing more and more rooftop PV. It’s these and wind farms which keep power prices low on dreaded, very occasional peak power days. At such times, big coal and gas power stations, as they tender for supply in peak time slots, can bid as $12.90 per kWH compared with usual wholesale of $0.50/Kwh. In just a couple of days, they can make 25% of annual profit. But more renewable energy means demand can be met with less fossil fuel power, which means they need to bid less to win a share of supply business.

>readmore> RenewEconomy

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
This entry was posted in Events local and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s