How can skyrocketing prices drive a "green energy" retailer out of a market grappling with a mix of renewable power sources?Byron Bay-based "green" energy retailer Enova was placed into voluntary administration yesterday
The situation highlights an anomaly — even when smaller retailers do their best to buy energy from renewable sources, it all goes into the national grid. "Solar and wind [generators] are not allowed to bid, they just say how much they can put in," she said. "As it happens, we've hit winter — the demand is higher, there's never been quite enough wind and solar to fill the grid.
. It isn't a competitive market. And CAPITALISM ALWAYS FAILS when competition is not healthy. That's why all capitalist markets need regulation. But regulators need teeth - and balls.
The reality of 'green' energy - reliability!
'Solar and wind [generators] are not allowed to bid, they just say how much they can put in,' she said. 'But they're not allowed to bid because they're regarded as unstable sources.”
Own goal LOL....
This same company would thrive in approx 30 years. Aussies want reliable power, renewable is not there yet.
Yes, it must be the market structure that's flawed and not the underlying business structure of this Green Energy company.
Boo friggin hoo. The realities of insecure, one way renewables.
'Flawed' is ABC's way of saying Renewables aren't the magic bullet, show some courage and say it ABC 👍 It's getting a bit like socialism. Greta renewables aren't failing, it wasn't real renewables.
This same company would thrive in approx 30 years. Aussies want reliable, renewable is not there yet.