South Australia signalling the death of base-load generation. Tuesday marks the three-month anniversary of the closure of the last coal-fired “base-load generator” in the South Australia electricity market, and despite the best efforts of many in the Coalition and the Murdoch media, there is nothing to suggest that other states will not follow suit, in time. The fossil fuel industry predicted – and possibly hoped for – “armageddon” from the closure of the last coal plant. But all it got was a big jump in wholesale electricity prices, caused not by renewable energy, as federal and local energy ministers have made clear, but by the soaring cost of gas and constraints on the interconnecter. If anything, the events of the last few weeks have reinforced the point that the electricity market is in the early stages of an unstoppable transition. Coal-fired plants will soon be a thing of the past, and the role of gas-fired generators may all diminish as battery storage and other renewables take more central roles.
Renew Economy 8th Aug 2016 read more »