WEDNESDAY 15 JANUARY, 2014 |
$13 Per Kilowatt Hour Electricity In SA And VIC
As temperatures climbed in South Australia and Victoria yesterday, so too did
the use of air conditioners - and as a result, wholesale electricity prices.
While only brief spikes, the dispatch (5 minute) wholesale electricity price
reached $13,000 per megawatt-hour yesterday in South Australia; the maximum spot price allowable for the 2013-2014 financial year.
In Victoria, the price reached above $12,000 a megawatt-hour.
The redline price situation could have been more severe and sustained if not for
the many thousands of solar panel systems and wind turbines installed throughout
each state that offset the energy usage of power
, it was estimated solar power systems installed in
Australia were saving between $300 million and $670 million each year in
wholesale electricity costs. This is something the government may want to keep in mind
while seemingly salivating at the prospect of disembowelling
the Renewable Energy Target
If anything, current weather events prove the case of a need for increased
According to the Canberra
, Dr Glenn Platt of the CSIRO says an increase in commercial
arrays would help Australia's energy grid cope with increased demand during
It's these heatwaves that led to a gold-plating of Australia's electricity
network infrastructure - $11
to cope with a handful of days a year when air-conditioner
usage goes into overdrive.
While it's expected heatwave events will increase in the years ahead; those days
still very much be in the minority compared to the rest of the year. It gives pause for thought as to where Australia's
renewable energy revolution would be now if some of the money splashed out on
"gold-plating" network infrastructure had been
redirected to nurturing the rollout of rooftop solar across the nation.
Electricity Market Demand And Price Graphs
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