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Coal plant threat may risk Texas moment for NEM

Coal plant threat may risk ‘Texas moment’ for NEM Mar 4, 2021 – 3.19pm Save Share The extreme electricity prices and wide-scale blackouts triggered by last month’s deadly freeze in Texas are expected to prompt a re-examination of the risks of extreme weather on Australia’s power grid, which is already under huge pressure due to the rapid rise of renewables. Several days of wholesale prices at the maximum of about $US9000 per megawatt-hour – mostly under mandate from the Public Utility Commission of Texas – claimed Macquarie-backed upstart retailer Griddy as an early victim last Friday, followed by co-operative electricity generator Brazos Electric Power on Monday.

The $200 electricity hack Australians are missing out on

Texas was a warning Australia needs to rethink the design of its electricity market

Texas was a warning Australia needs to rethink the design of its electricity market
theconversation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theconversation.com Daily Mail and Mail on Sunday newspapers.

Renewable energy boom could force coal power to close early, says new report

Renewable energy boom could force coal power to close early, says new report WedWednesday 24 AGL s Bayswater power station in the NSW Hunter Valley ( Share Print text only Cancel An analysis of Australia s energy market has found a number of the nation s coal-fired power stations could be financially unviable by 2025 and at least one may be forced to close early. Key points: Coal-fired generation will drop by 28 per cent Industry acknowledges increasing pressure The joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) think thank and advisory firm Green Energy Markets attempts to quantify the mounting pressure on coal-fired plants, as a flood of cheaper and more flexible renewable power hits the grid.

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