Energy price crash intensifies

The gas price remains ridiculous, near $12GJ:

But NEM prices are still tumbling at $56MW/h quarterly average:

The last two months have averaged $43MH/h. As wind and solar power squeeze gas from the system:

But, futures know what’s coming. Less coal and more gas-fired output leading to higher power costs:

The renewable pipeline will continue to roll out.

The Albanese Government should be focused on delivering every possible power storage option to support it. Both centralised and decentralised.

Current grid output illustrates in real time that cheap renewable power is entirely possible if it is supported by batteries rather than gas.

It is too stupid.