Power prices surge in SA and Vic, the Weatherall and Andrews legacy

Lacking adequate coal-fired power the cost of electricity went through the roof yesterday in SA and Victoria. Entirely predictable. Even the AEMO saw it coming last year. What did they expect? Jo Nova reports on the spectacle.

Prices are “off the chart” in Vic and SA right now and likely for the next few hours. Factories will be closing. Diesel generators will be running, but only in South Australia and Victoria. At these kinds of prices tens of millions of dollars could be going up in smoke every hour. By the end of today the bill could come to more than a hundred million dollars.

In QLD and NSW where there are old or evil coal fired plants the wholesale electricity costs are only $105/MWh.

Not surprisingly at the Grattan Institute they have a different view.

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45 Responses to Power prices surge in SA and Vic, the Weatherall and Andrews legacy

  1. Rohan

    Hang on a minute. NSW hasnt been able to pull its own weight in generation during peak demand for at least 12 months. To put the blame squarely at the feet of Weatherdill and Dan the CFMEU Man is unfair. The NSW SFL lead government is equally complicit in this slow national trainwreck.

    As I type this responce, NSW is getting fed electricity to make up for thier shortfall in generation by Qld and Vic through SA and Tas, despite a LOR3 event being declaired in Vic. Pull the plug on those NSW interconnectors and its lights out in large sections of NSW.

  2. Delta

    That was yesterday and yes entirely predictable as any power systems engineer will tell you. It won’t get better as we “transition” to a weak fault prone unreliable electricity grid as the clowns in charge dutifully repeat the lies that renewables are the new way,the cheapest power that you can build (in your dreams) and we’ll save the planet, etc. Their problem will be that reality will get in the way.

    But wait. There will be more today. Have a look at this screen shot of the AEMO data dashboard for VIC and this one for SA.

    The main story in today’s Australian spells out the sorry state of affairs: Heat stress: power crisis hits home.

    What a mess that won’t be fixed quickly – all the result of politicians of all persuasions and the green industry.

  3. Shy Ted

    Here in SA the Marshall gummint is on top of it with $100m in battery subsidies, solar powered hubs and lotsa faith. And more speed cameras to pay for it all.

  4. The more of this we get, the more people will begin to understand this colossal renewables industry scam.

  5. NB

    Voters want high prices and unreliable supplies. More please.

  6. Eyrie

    If it doesn’t rain in Tasmania and their hydro goes down, we really are in trouble. Palletofshit in is perfect position to wreck the whole country with her 50% renewables by 2030 plan for Qld.

  7. Mark M

    Wait.

    Ben Eltham, National Affairs Correspondent, New Matilda; arts journalist, Crikey; Lecturer, Monash University says …

    “People like Alan Moran are directly responsible for Australia’s energy policy disaster. Pretty funny reading this”

    https://twitter.com/beneltham/status/1088395701589954560

    Curse you Alan, if only you were as gullible about the failed apocalypse as Ben Eltham, we would be enjoying perfect weather! /sarc off

  8. struth

    If it doesn’t rain in Tasmania and their hydro goes down, we really are in trouble. Palletofshit in is perfect position to wreck the whole country with her 50% renewables by 2030 plan for Qld.

    Yep 2030
    The year the destruction of the west must be complete as dictated by the Global socialist dictatorship called the UN and it’s agenda 2030.
    It’s amazing that every politician claims to want to achieve this and that by 2030, not 2029, or 2035, always, always, it’s 2030.

  9. John Constantine

    Degrowth for this hated and loathed toxic Nazi industrial settlement.

    Descale unto decolonialisation.

    Half a fish finger per prole per day doesn’t require permanent power, the proles can gnaw their raw rations in the dark, squatting by the roadside.

    If only they knew of this injustice in Davos.

    They would fix it.

    Comrades.

  10. NuThink

    For those who have not seen it Yes Prime Minister really hits the nail on the head of an imaginary problem.

    https://youtu.be/K4S2QHK0DIg

  11. Mark M

    January 22, 2015:
    The Queensland Leader of the Opposition Annastacia Palaszczuk has spoken of her desire to triple the number of Queenslanders with solar …

    0.17: “I can’t control the weather.”

    0.43: “Trouble is, paying for solar already adds $52.79 to every power bill.
    It doubles this year (2015) to $112.30, and more than doubles again the year after that (2016) $275.00.
    But LaboUr says this time, it’s different.”

    https://www.youtube.com/watch?v=ezbhVrb7zMs

  12. John Constantine

    News reports of another old generator failing in yarragrad overnight.

    Any owner of a generator that the incoming shorten flogocracy has declared will be symbolically dynamited would be a fool to squander money on care and maintenance.

    Run em into the ground on angel hours, then grab a concession for risk free subsidised windmills.

    Comrades.

  13. Mark M

    I’m starting to believe I died of global warming back in 2016, when 8 years to save the planet was up, and now I am living some sort of re-incarnation -groundhog day climate hell of continual failed apocalyptic dates, like 12 years …

    The final countdown
    100 months to save the world

    https://www.theguardian.com/environment/2008/aug/01/climatechange.carbonemissions

    So there is a purgatory. And it’s UN-green run.

  14. md

    I heard on the radio yesterday that in SA the diesels were producing more power than the bird killers.
    Can someone tell me how electing a ‘conservative’ government in SA has made the slightest difference to anything.

  15. stackja

    And voters were gullible?

  16. mrwashout

    On the AEMO dashboard we have $465/MWh in Vic and $385/MWh in SA currently and its only 9:30am. I am hoping for blackouts, might bring us to our senses

  17. Zyconoclast

    The more of this we get, the more people will begin to understand this colossal renewables industry scam.

    No they won’t.
    If they haven’t got it by now, they never will.

  18. struth

    This whole global warming thing works on the principle that states you can’t fool all the people all the time, but as the political elite realise, you don’t have to.

    Humans die.
    You only have to fool the young ones.

    By the time they work things out, they are irrelevant.

    And a bigger bunch of insulated, brainwashed dumbed down morons as a generation, there never has been, in the history of the world.

  19. Dr Fred Lenin

    Federation square Melbourne would be a good place to set up the guillotines when the people decide the elites have gone too far ,plenty of room for vengefull spectators and a huge replay screen ,the condemmned can arrive and leave by boat the blood can be hosed into the Yarra feeding fish ,and plenty of transport available . Other cities no doubt have suitable sites available . Night e ecutions will be available as soon as we re commisdion Hazelwood ,naming it the cfmeu memorial coal fired power facility.work will be started on two new coal fired stations based on the Chinese model in the Latrobe Valley providing employment for non union workers . Critics of the new stations well be reffered to the u.n, which encourages coal stations in Asia .

  20. Speedbox

    No they won’t.
    If they haven’t got it by now, they never will.

    Agreed. For the average low-information punter who gets his news from Nein and some local paper, he probably has no idea that he is being scammed. He sees the Premier/Minister on TV and it is confirmed by three sources (TV news, paper, politician) all saying the same thing! If he needs more, he tunes into The Project on 10.

  21. Bear Necessities

    It will happen, when I don’t know but a Qld or NSW Premier will just say, “stuff you we are not going to supply our Power any more to the NEM. It is for us.”

    Then SA and Vic will be a a world of hurt.

  22. Leo G

    And a bigger bunch of insulated, brainwashed dumbed down morons as a generation, there never has been, in the history of the world.

    Didn’t Alexandria Ocasio-Cortez recently explain that her cohort of insulated, dumbed-down morons had 12 to destroy the world and save us from the post-GenZ IBDDM apocalypse.

  23. Tim Neilson

    Agreed. For the average low-information punter who gets his news from Nein and some local paper, he probably has no idea that he is being scammed. He sees the Premier/Minister on TV and it is confirmed by three sources (TV news, paper, politician) all saying the same thing! If he needs more, he tunes into The Project on 10.

    True, but there’s got to be a danger for the politicians in this. They’re all strutting and big noting themselves as the rugged manly butch heroes who are going to force da eeeebil power companies to reduce prices. When that doesn’t happen they’ll have to find an excuse. Blaming each other can’t work – someone will be in office when the crunch comes and they’ll cop an electoral hiding, then the other mob will cop a hiding for not fixing it. Dare we hope that this is the issue that discredits Labor/Greens and utterly destroys the Photios Party ?
    Or maybe I’m underestimating the rat cunning. Perhaps Bowen’s war chest is earmarked for some kind of subsidy to voters in marginal electorates which will show how “compassionate” the maaaaaates are (as they continue raking off director’s fees for industry super funds which have punted the members’ hard earned on bird destroyers).

  24. At these kinds of prices tens of millions of dollars could be going up in smoke every hour.

    Out of curiosity where exactly do the tens of millions of dollars end up?

    The Order of Executions needs to be drawn up to keep us entertained while the lights are out.
    So far it is;

    1. All pollies who signed us up to renewyballs / the UN Climate Crapola
    2. All similar senior ‘Public Servants’ (Schott et al.)
    3. Those who profited from it

  25. Tim Neilson

    Then SA and Vic will be a a world of hurt.

    Even though I live in CFMEUistan, I’d say we deserve a gargantuan pineapple up the tradesman’s entrance for re-electing the hunchback of Spring Street.

    SA, well actually they were gerrymandered into Weatherdill for years, and should be given some leniency – it’s not entirely their fault that a first term Photios Party government is cornholing them as viciously as the maaaates had been.

  26. At these kinds of prices tens of millions of dollars could be going up in smoke every hour.

    Out of curiosity where exactly do the tens of millions of dollars end up?

    The Order of Executions needs to be drawn up to keep us entertained while the lights are out.
    So far it is;

    1. All pollies who signed us up to renewyb*lls / the UN Climate Crapola
    2. All similar senior ‘Public Servants’ (Schott et al.)
    3. Those who profited from it

  27. mrwashout

    $720/MWh in Vic, $628/MWh in SA and $13/Mwh in Tas. Grabbing the popcorn, AEMO has initiated a RERT – i.e. businesses are closing / reducing their demand.

    Still praying for blackouts

  28. Snoopy

    TheirABC

    The company that manages South Australia’s power poles and wires says blown fuses, not a lack of electricity supply, are to blame for blackouts that hit Adelaide on its hottest ever day.

    About 25,000 customers lost power last night as transformers in several areas crashed, after Adelaide recorded a top temperature of 46.6 degrees Celsius.

    SA Power Networks (SAPN) spokesman Paul Roberts said …..

    “The fuses on the transformer did their job and they failed first to prevent a catastrophic failure of transformers, which meant that’s why we could get everybody back overnight,” Mr Roberts said.

    So if there is no supply problem when is SA Power going to upgrade its transformers and wires?

  29. max

    struth say:

    “You only have to fool the young ones.”

    yes correct.

    what is your solution to solve problem?

    end fiat money
    end central bank
    end public education
    sell universities
    end social security
    end medicare
    end income tax

    it looks to me you like all this but to be run by you or some one that you like.

  30. Just had three brown-outs in a row and now waiting for the black-out. Aren’t renewables fun?

  31. mrwashout

    NSW-Vic interconnector down. Prices in Vic now around $13k/MWh, SA just over $10k

    Love it

  32. I installed three UPS units to protect our entertainment unit, NBN modem and my computer system, as these sorts of sudden brown-outs can destroy electronics and otherwise be a pain. They’ve been well worth the purchase price (which was fairly modest).

  33. Rohan

    Bear Necessities
    #2916888, posted on January 25, 2019 at 10:08 am
    It will happen, when I don’t know but a Qld or NSW Premier will just say, “stuff you we are not going to supply our Power any more to the NEM. It is for us.”

    Then SA and Vic will be a a world of hurt.

    NSW has insufficient generation capacity to supply itself in peak demand. Like right now at midday. They’re short by 1Gw. They’re being propped up at the moment by entirely by Qld as Victoriastan has no resurves left. Pull those interconnectors at your own risk.

  34. Dan Dare

    AEMO @ 1210 has maxed at $14,500
    Drink up before the fridge goes off.

  35. Confused Old Misfit

    AN open letter to politician.

    What kind of a society have you molded when aged pensioners can afford to neither cool themselves in summer nor warm themselves in winter?
    Why?
    Why have you done this? Why have you contributed to the ongoing misery?
    What is it that drives you to inflict misery on those you claim to represent?
    Why are you doing this?
    What happened to your promises of a better life for all under the beneficence of your party?
    Do you sincerely believe that an important trace element and plant food, comprising less than 1% of the atmosphere causes climate change, all by itself?
    Is your belief in this unproven assumption so strong that you are willing to destroy this country?
    You are all, each and every one of you responsible for the situation in which your constituents find themselves, either by your action or inaction.
    You are shielded form the direct effects and can look forward to a comfortable retirement at the expense of those suffering from your decisions.
    Perhaps somewhere, sometime you will see the results of your folly and repent.
    But that will be too late for us.

  36. struth

    struth say:

    “You only have to fool the young ones.”

    yes correct.

    what is your solution to solve problem?

    end fiat money
    end central bank
    end public education
    sell universities
    end social security
    end medicare
    end income tax

    it looks to me you like all this but to be run by you or some one that you like.

    No to stop fooling the young ones we should ban sailing in the black sea.
    (Well if you’re going to go off on a tangent of obviously drug induced stupidity, I’m just seeing for myself if it’s any fun, while high on coffee)

  37. stevem

    I see Victoria started load shedding at 11:14. But shutting Hazlewood was a good news story wasn’t it?

  38. Speedbox

    How f*cking sad that some of us (I’m one) have an almost morbid fascination with the AEMO dashboard. Seriously, the supply of cheap and reliable electricity should be something that just ‘happens’ in our modern 1st world nation.

  39. Kneel

    “They’re short by 1Gw. They’re being propped up at the moment by entirely by Qld…”

    I suspect NSW has enough generation to meet demand, but it’s cheaper to buy it from QLD – despite the oft heard claims, it seems that Govt run power utilities can supply energy cheaper than private companies. Who woulda thunk it?

  40. Tim Neilson

    I suspect NSW has enough generation to meet demand, but it’s cheaper to buy it from QLD – despite the oft heard claims, it seems that Govt run power utilities can supply energy cheaper than private companies. Who woulda thunk it?

    I might think it if there’s any real evidence of it.

  41. Neil

    , it seems that Govt run power utilities can supply energy cheaper than private companies. Who woulda thunk it?

    I would think it has nothing to do with ownership but which state has the most coal generated electricity.

  42. Leo G

    I suspect NSW has enough generation to meet demand

    NSW does have its priorities, though. It must ensure there is sufficient coal-fired generation to supply the cross-subsidised NSW export coal industry.

  43. amortiser

    At 12:30 AEMO issued a notice capping power prices in Victoria to $300 mwh. This happened for the rest of the day. The price in SA dropped to zero on the issue of this notice. This was because those states had been exposed to the maximum cap for an extended period.

    I think this is short and for the fact that the retail suppliers faced collapse if those prices continued. As a consequence AEMO was unable to elicit sufficient generation at the lower price and thus load shedding was implemented.

    I am waiting for a full public discussion of what and why this has occurred. Any chance of this?

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