{"id":338613,"date":"2024-08-06T09:02:31","date_gmt":"2024-08-06T07:02:31","guid":{"rendered":"https:\/\/climatescience.press\/?p=338613"},"modified":"2024-08-06T09:02:33","modified_gmt":"2024-08-06T07:02:33","slug":"renewable-hell-electricity-price-spikes-hit-16000-morning-and-night-in-our-two-largest-states","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=338613","title":{"rendered":"Renewable Hell: Electricity price spikes hit $16,000 morning and night in our two largest states"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From JoNova <\/a><\/p>\n\n\n\n

By Jo Nova<\/strong><\/p>\n\n\n\n

The Crash Test Dummy Nation wins a Gold Medal in Electricity Prices<\/h3>\n\n\n\n

And you thought last week was bad. While the single spike at $17,000 a megawatt hour in five states simultaneously<\/a> was a record, just a week later we have the double spike bonfire \u2014 peaking at breakfast and dinner on the same day in our two largest states. That\u2019s a high degree-of-difficulty (to pay the bill). This was not just a 5-minute bid rocket \u2014 it was 90 full minutes of blitzkreig twice in a day for both NSW and Victoria. With admirable supporting efforts in burning money in Tasmania and South Australia for breakfast, and then in Queensland, which joined the financial bonfire for dinner.<\/p>\n\n\n\n

The average price for the whole 24 hour period of August 5th was eye-watering. Last week the spike flattened out to about $300 per megawatt hour across the day. But yesterday in NSW and Victoria, the average<\/em> price was $2,150 across both states for 24 hours in a row.<\/p>\n\n\n\n

It\u2019s possible the AEMO Will have to take over the market again in some states to put the fire out.<\/p>\n\n\n\n

Welcome to renewable hell<\/h4>\n\n\n\n

At both peaks Victoria was burning 7.5GW of power at $17,000 a megawatt hour.<\/p>\n\n\n\n

\"\"
AEMO<\/a><\/figcaption><\/figure>\n\n\n\n

In NSW the breakfast peak was 10GW and the dinner peak was 12GW. Count the money\u2026 theoretically this is $17 million per gigawatt hour. While the retailers have some hedging to avoid the carnage on the spot market, each spike is sending a price signal that\u2019s about $200 million dollars. We could have built a gas plant\u2026.<\/p>\n\n\n\n

\"\"
AEMO<\/a><\/figcaption><\/figure>\n\n\n\n

It would be cruel to say these price spikes correlated with wind and solar failures, but I\u2019ll say it anyway:<\/strong><\/p>\n\n\n\n

\"\"
ANERO.id<\/figcaption><\/figure>\n\n\n\n

Paul McArdle of WattClarity p<\/a>oints out demand was 30GW in the evening \u2014 which is moderately high, but not a record. Wind was low, clouds rolled in sapping, and seven out of 44 coal plants were out of action (partly by design and partly by accident).<\/p>\n\n\n\n

It was, of course, another hostile high pressure cell \u2014 5,000 miles wide and here to becalm the entire continental wind power industry.<\/p>\n\n\n\n

What happens if \u201cClimate change\u201d causes High Pressure Cells over Australia?<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

And the clouds rolled over<\/h4>\n\n\n\n

At 8am the grand total of wind and solar power yesterday was only 4 gigawatts. Just a few days ago, at 8am, the same equipment was providing 6.6 gigawatts. So it\u2019s just an \u201cunplanned\u201d outage of 2.5 gigawatts.<\/p>\n\n\n\n

From the BOM Satellite page<\/a><\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

Thanks to\u00a0WattClarity for the snapshot<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Even though the biggest bonfires were in NSW and Victoria, things were bad on the whole National Grid \u2014 for the 24 hour period Queensland also averaged $1,040 per megawatt hour, South Australia: $1,600 and Tasmania $943. Days like this will change the quarterly average price.<\/p>\n\n\n\n

And let\u2019s not forget that if we\u2019d made different choices, a good old brown coal plant could have made all this electricity for $8 a megawatt hour<\/a>. But who needs money right?<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

And you thought last week was bad. While the single spike at $17,000 a megawatt hour in five states simultaneously was a record, just a week later we have the double spike bonfire \u2014 peaking at breakfast and dinner on the same day in our two largest states. That\u2019s a high degree-of-difficulty (to pay the bill). This was not just a 5-minute bid rocket \u2014 it was 90 full minutes of blitzkreig twice in a day for both NSW and Victoria. With admirable supporting efforts in burning money in Tasmania and South Australia for breakfast, and then in Queensland, which joined the financial bonfire for dinner.<\/p>\n","protected":false},"author":121246920,"featured_media":338626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691819691,691829999,691824798,691830000],"class_list":{"0":"post-338613","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-electricity-prices","9":"tag-nsw-and-victoria","10":"tag-renewable-green-energy-2","11":"tag-renewable-hell","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/08\/2file-20230102-22-ce3hqt-1.webp?fit=1356%2C668&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1q5v","jetpack-related-posts":[{"id":198467,"url":"https:\/\/climatescience.press\/?p=198467","url_meta":{"origin":338613,"position":0},"title":"Scorching electricity price spikes in NSW and Queensland","author":"uwe.roland.gross","date":"04\/05\/2022","format":false,"excerpt":"Brisbane on May 3rd was a glorious 15 to 25C\u00a0 (or 60F \u2013 77F) and yet the price of electricity was shocking. The scale of the graph is so distorted that all the normal price gyrations fall to nothing, and there is only\u00a0the\u00a0spike \u2014 a full hour of $14,000 burning\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/0qld-may-2-3-2022-aemo-price-spikes-a.jpg?fit=681%2C436&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/0qld-may-2-3-2022-aemo-price-spikes-a.jpg?fit=681%2C436&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/0qld-may-2-3-2022-aemo-price-spikes-a.jpg?fit=681%2C436&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":385639,"url":"https:\/\/climatescience.press\/?p=385639","url_meta":{"origin":338613,"position":1},"title":"A cold windless evening shakes $600m out of the Australian electricity grid","author":"uwe.roland.gross","date":"28\/06\/2025","format":false,"excerpt":"That was a hellfire price spike yesterday.\u00a0It\u2019s not so much the height, but the width of the spike is shocking. 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