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Title : Spot Electricity In Australia -- $14,000/Mwh -- Reader -- November 29, 2017
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Spot Electricity In Australia -- $14,000/Mwh -- Reader -- November 29, 2017

Australia has become the poster child for how renewable energy can really mess up an energy grid and an economy.

I link electricity demand / prices for New England, California (demand, price), and Australia at my "Data Links" page.

Generally, it appears in the US, one can expect (today) about $20 - $50/MWh spot electricity.

A reader watching the Australian situation writes (just a few minutes ago):

I've been keeping an eye on the Australia electricity situation as a "canary in the coal mine" scenario with their advanced adoption of sun/wind generation. 

Well, in a few hours, as per the AEMO website, spot electricity will cost $14,000 Mwh for the entire afternoon in Victoria and South Australia. 

In addition, Level 2 notice was sent out by the AEMO asking (begging?) for restricted consumption and every available generating source to fire up. 

The weather today is to be hot - 94 degrees - and cloudy.

Final note ... future contracts for summer quarter for SA and Vic are $173 and $149 per Mwh. 

There is no way a modern society can function at those prices.

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Natural Gas

 

Meanwhile, a reader provided this map -- it's going to be cold over most of the US next week. We'll see how natural gas holds up.  

http://ift.tt/2dZyQXu

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