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Offering a premium for reliable energy will hinder the green transition – Is it up for that?


Essay by Eric Worrall

The Greens have stated that Australian entrepreneurs are reluctant to invest in battery storage, as they are uncertain about coal downtime.

Green energy advocates attack capacity market proposal, say we ‘shouldn’t pay to keep coal and gas’

According to the energy reporter Daniel Mercer
Posted on July 21, 2022 at 4:05 pm

Main attractions:

  • Greens leader Adam Bandt says a proposed capacity market risks pushing investment in wind and solar power
  • Federal Energy Secretary Chris Bowen wants the program to pay energy providers to be available when the system needs them
  • Renewable energy advocates say a non-subsidized fix for coal and instead advocates the goal of storing electricity

Renewable energy advocates are urging state and federal governments to avoid paying extra for coal and gas-fired power plants to ease Australia’s energy disaster, and warn that they can deflect the move away from fossil fuels.

Memory target is a ‘better fix’

Instead, the center urges the federal government to channel its efforts into the need for storage capacity that can help cope with fluctuations in output from renewable energy sources.

It cited the renewable energy target as a template for the plan, which has driven much of investment in wind and solar over the past 20 years.

Coal exit plan ‘necessary’

Tristan Edis, who runs research and consulting firm Green Energy Markets, agrees that the capacity market will be more likely to hinder rather than help the transition to renewable energy.

Mr. Edis said one of the most important things that governments at the state and federal levels can do is put in place a clear schedule and plan to manage the release of coal from the system.

“Capacity markets as outlined by the ESB to date may help delay exit but do nothing to coordinate the timing of exit with entry or facilitate entry. capacity before it runs out,” Mr. Edis said.

“That’s the crux of the underlying problem we’re having right now.”

Read more: https://www.abc.net.au/news/2022-07-21/renewable-energy-backers-blast-capacity-market-proposal/101258280

Cheaper than coal? This regenerative revolution seems to need a lot of government help.

Obviously it’s ridiculous to expect renewable operators to supply power when people really need it. But the funny thing is that even with the government standing in their corner, backup battery investors are so scared about the possibility of a coal plant being turned on, they refuse to enter the market until they have one. sure timetable for coal removal.



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