topic Re: Oversupply Of Energy In Australia in Community Spirit

Oversupply Of Energy In Australia

icyfroth — Tue, 02 Sep 2014 00:54:02 GMT

Australia faces unprecedented oversupply of energy, no new energy generation needed for 10 years: report

South-eastern Australia will not need to ramp up energy generation for the next 10 years, even under a worst-case scenario, a report says.

The Australian Energy Market Operator (AEMO) report says Australia is facing an energy glut never before seen in the history of the national electricity market.

It raises serious questions about the ongoing viability of existing coal-fired power stations, but might also result in more pressure on the Federal Government to reduce the Renewable Energy Target (RET).

Electricity use in Australia has been falling now for about four years due to the take-up of rooftop solar systems, greater use of energy-efficient appliances and the downturn in some manufacturing industries that use lots of electricity.

Just last week energy company HRL announced it would close a small coal-fired power station in Victoria's La Trobe Valley.

"It was one that was kind of earmarked for closure some three or four years ago but was propped up by some of the industry assistance measures of the previous Labor government," the Alternative Technology Association's Damien Moyse said.

Despite the oversupply, Australians have continued to pay more for their electricity.

"The prices have been rising because of the other parts of the cost of electricity, which is the cost of getting it from the boundary of the power station through the meters of all the individual consumers," Mr Sadler said.

Entire Article Here

Re: Oversupply Of Energy In Australia

this-one-time-at-bandcamp — Tue, 02 Sep 2014 00:56:18 GMT

Same as here in the US.......conserve energy, and the utilities deem it necessary to raise prices to keep their profits up.

Re: Oversupply Of Energy In Australia

punch*drunk — Tue, 02 Sep 2014 01:01:04 GMT

I could do with some of that oversupply right now. Its freezing here abd theyve turned my electricity off for the day 😕

Re: Oversupply Of Energy In Australia

***super_nova*** — Tue, 02 Sep 2014 01:35:09 GMT

@icyfroth wrote:
Australia faces unprecedented oversupply of energy, no new energy generation needed for 10 years: report

.... and in some states (NSW) electricity prices skyrocketed because the companies decided huge expansion of their infra structure is needed.

I am quite surprised how many solar panels are around here. Looks like we will be one the last in this area to get them, when hopefully end of this year we'll finish out extension, and have a sunny roof to put solar panels on 🙂