this winter as cold temperatures combined with global shocks to the energy market because of the war in Ukraine.
The report notes: "the potential for firmed renewables to protect consumers from global commodity shocks.” The market operator estimates more than two thirds of individual homes and businesses will install solar panels - up from about 30 per cent now., the AEMO says investment is needed to avoid future volatility.
The regulator says this demand is why investment is needed to treble the firming capacity provided by new low-emission alternatives.Gas-fired generation will remain required until 2050, meaning that older and less efficient peaking plants may need to be replaced.
Amelia_Dunn1 Oops I lied!!
ErmoPlumber Amelia_Dunn1 Promoting expensive expenditure in times of huge debt? Are we all crazy? it would be faster and cheaper to bring Coal power generation to acceptable levels. Renewables will never provide the reliability needed for industries and businesses, let alone households🦘
Amelia_Dunn1 For the sake of National competitiveness & climate change action we need to seize and Nationalise the entire Gas cartels, Electricity generators and energy distribution. We are not going to fix anything with the current monopoly price gouging behaviour of foreign owned companies
Amelia_Dunn1 Renewables ..... lets just get on with it.
Amelia_Dunn1 Yes . More coal , gas and eventually nuclear.
Amelia_Dunn1 There👏was👏never👏going👏to👏be👏any👏east👏coast👏blackouts👏.
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