The myth that coal is cheaper

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The myth that coal is cheaper

Postby HBS Guy » 06 Oct 2017, 05:21

The Myth About Coal Being Cheaper And More Reliable Than Renewables

Nope, nope and nope again. There's yet more proof this Friday that coal is neither cheaper nor more reliable than renewables as an energy source, and that coal is only going to get more expensive in the future.

We were given excellent evidence of this in April, when the CSIRO and Energy Networks Australia report told us that renewables could save households $414 a year by 2050.

Further proof arrived in June when the Independent Review into the Future Security of the National Electricity Market (aka the Finkel Report) told us that ramping up renewables would lead to lower power prices.

And now the Climate Council has weighed in, showing that we really can have our energy cake and eat it too -- if by energy cake you mean cleaner, cheaper power, and by eating it, you mean reliability of supply.

Climate council report is here.

"Major authorities, the CSIRO, AEMO, Finkel Review are highly consistent in their findings that there are no technical barriers to Australia achieving secure, reliable power from a very high proportion of renewable electricity," it says.

"Renewable energy is now the cheapest form of new power."

So what is stopping us from moving quickly to a much higher amount of renewables? Politics!

One word: Politics.

"Politics is the only factor standing in the way of Australia's transition to a modern electricity network, powered by renewable energy and storage technology," Climate Council CEO Amanda McKenzie said.

"The nation's leading energy experts, scientists and major authorities are all in agreement -- Australia is ready to switch to a modern grid, powered by renewables and storage. However, the only thing stopping this is political will."

That an a PM with neither spine nor balls. And a wrecker trying to get the Precious back:
Abbott has often said "the trouble with renewables is that the sun does not always shine, the wind does not always blow". These and other sceptical views have permeated government.

But as the report shows, the more renewables you install, the better your chances. That's because renewable power sources spread over a wide geographic range, combined with greater grid connectivity, mean the wind will always be blowing somewhere. And when it's not, that's when storage comes into play.

That better grid will need to be an ultra high voltage DC grid. Minimum losses in transmission. That grid must be in government hands—SA knows that very well after the state wide blackout last year!

Better do something Malcolm!
"Increasingly, power grids around the world are moving away from inflexible, baseload power to modern, flexible systems which are able to respond quickly to both changes in demand and in generation," the report says.

"Within a decade, over two thirds of coal plants in Australia's National Electricity Market will be 50 years or older, technically obsolete, unreliable and costly to maintain.

Looks like BigOle is wrong.
Abbott & Co are going to cause the mother and father of all recessions—be prepared!
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