Renewables’ invoice

UPDATE: Quadrant‘s Melbourne office has gone dark, along with at least 100,000 other premises. This update is being written on battery power.

Watch out, Caracas, you’ve got competition. Here we come!

_________________

On Thursday at around 5.30pm, with the mercury high and air conditioners pumping, this was the wholesale price of electricity in South Australia:In Victoria, even worse:

You would think a decent government might want to do something about it.

The constantly updated Australian Energy Market Operator “dispatch overview” page is worth bookmarking by those interested in monitoring how a First World nation’s embrace of subsidised renewables is producing a Third World grid and, to the delight of a very few, otherworldly prices.