What a mess the east coast energy market is. From The Australian:
The head of energy policy at the Grattan Institute public policy think tank, Tony Wood, said governments might have to consider paying subsidies to keep back-up power sources such as gas-fired electricity available, even if they were only used occasionally.
Mr Wood also said moves from Victoria and Queensland to shift to 40 and 50 per cent renewable generation would increase power prices and volatility in the network on the eastern seaboard.
