Advertisement
I reported on Thursday how an unexpected outage at Victoria’s second-largest coal-fired power station had heightened concerns that colder weather could strain the market and drive up wholesale electricity prices.
I noted that the renewables would use the outage as an opportunity to label coal-fired generation “unreliable” and as justification for Labor’s renewables rollout to meet its fanciful 82% renewable energy target by 2030.
“As usual, they will overlook the stark reality that wind and solar power are highly intermittent and unreliable due to their reliance on the weather”, I wrote on Thursday.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.