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Title : The Road To Australia Just Hit A Road-Block Called Reality -- July 16, 2018
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The Road To Australia Just Hit A Road-Block Called Reality -- July 16, 2018

This is really quite a story.

For those on the "road to Australia" you don't need to be reminded of the high costs for electricity in Australia -- a month ago electricity surged to $14,000 / MWH -- it's been one of the colder winters ever for Australia. And you don't need to be reminded why the price of electricity has surged. For those not in the loop:

• Australia, home of one of the world's greatest reserves of coal and cheap electricity, decided to...
• save the world by giving up coal and cutting CO2 emissions from that country, and ....
• replace coal with solar, but ...
• huge disappointment, and even ...
• Elon Musk's batteries couldn't save the day, so ...
• Australians are shipping their coal to China (where they have really, really cheap electricity), and ...
• the Australians are paying really, really high prices for electricity.

Now, a reader sends me an update ..

• the national electric grid throws in the towel; it must have gotten ...
• a lot of angry letters from citizens who are going broke paying to save the world, and ... 
• want it stopped now
• the national electric grid (AEMO) says they can't do it .... 
• it will take decades to transition to solar energy, and ...
• it will take billions of dollars for the transition ...

So, Australia is back to coal.

From WattsUpWithThat,

Coal-fired power will be needed for decades to come to keep power prices down and the lights on as the Australian energy market transitions to renewables, the Australian Energy Market Operator says.

In a report to be released today, the AEMO says extending the life of coal-fired power stations is the most viable way of keeping energy prices down as the transition takes place.

It also predicts replacing Australia’s existing coal-fired network would cost between $8 billion and $27 billion by the mid-2030s.

AEMO’s analysis says that based on the projected cost, the cheapest option would be to “retain existing resources for as long as they can be economically relied on”.

“Over the next 20 years, approximately 30 per cent of the NEM’s (National Electricity Market’s) existing coal resources will be approaching the end of their technical lives, and will likely be retired, which highlights the importance of mitigating premature retirements as these resources currently provide essential low-cost energy and system support services required for the safe and secure operation of the power system,” it says.

In other words, AEMO says that the most viable alternative to save Australia, if not to save the world, is to extend the life of coal-fired power stations while transitioning to solar.

The transition:

• will take decades
• will cost between $8 billion and $27 billion by the mid-2030s
• and it still won't work

I think Mr AEMO needs to be fired.

Yes, Mr AEMO is nominated for the 2018 Geico Rock Award.

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