The renewables market share has gone down, but has been heavily distorted by a decline in hydro generation. Hydro storages are down after a period of intense running while the carbon price was still in place. Also, the market share … Continue reading Renewables market share lower than 2013
Under a new plan by the NSW Greens, consumers of electricity will get a chance to buy and sell clean energy in an attempt to hasten the transition to renewables. The launch of the plan came as the NSW Premier stated … Continue reading Households to trade renewable energy in NSW Greens plan
As discussed in yesterday’s post about the merit order effect, renewables compete well on the spot market because they have low marginal cost, and (at least in the case of wind and solar photovoltaic) don’t have storage facility to hold off until the most opportune time to bid in. The result of this effect is to displace the most expensive bidders on the spot market: generally, the gas peaker plants. Mostly this is being done by wind farms, as in the South Australian example, although the effect of the growing number of rooftop solar panels could be having a similar … Continue reading Are renewables challenging the electricity market?