What will the suspension of the electricity spot market mean for Australia? | ABC News

Australia's electricity market has entered uncharted territory as the crisis gripping the east coast rages on. David Lipson and guests analyse what this means for Australia and the states facing blackouts.
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The electricity market operator, AEMO, has taken the extraordinary step of suspending the spot market for wholesale electricity across Australia’s eastern states.
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Пікірлер: 209

  • @jeffsmith7369
    @jeffsmith73692 жыл бұрын

    The electricity system should be run in the interests of the Australian economy and Australians. However a big proportion of the costs imposed on Aussies and the economy is the profits that must go to the wealthy shareholders of electricity generators. Nationalise the whole system and save that money.

  • @artyblartyfartblast8465

    @artyblartyfartblast8465

    2 жыл бұрын

    The Australian energy system appears to be mirroring the worst practices of US healthcare.

  • @David-lr2vi

    @David-lr2vi

    2 жыл бұрын

    The system should have never been privatised in the first place.

  • @peterpalmato467

    @peterpalmato467

    2 жыл бұрын

    Correct

  • @kimsmyth1381

    @kimsmyth1381

    2 жыл бұрын

    Socialism is the solution. Give me a break. Socialism leads to death and slavery. Look it up.

  • @eric5901

    @eric5901

    2 жыл бұрын

    This is exactly how China's state run companies work lol funny how Australia always complains about China's policies yet wants to copy them

  • @LeftIsBest001
    @LeftIsBest0012 жыл бұрын

    This is what happens when you privatise utilities that should _always_ remain in public hands. How many more times do these conservative bean-counters need to learn that trying to profit off essential services always ends in disaster??

  • @allthingsgardencad9726

    @allthingsgardencad9726

    2 жыл бұрын

    It works better, Governments are no good at generating electrcity. they know nothing about it, making decsions far away. The problem was not the privatisation, its the way it is done, they never really open up the market its regulated to protect those who bought it.. Really needs to be opened up, less regulations more suppliers, open networks.

  • @mh017509

    @mh017509

    2 жыл бұрын

    This is what happens when the Government cannot provide a proper policy and the commentariat does not understand the technology and is living in a green coo-coo land.

  • @davedrewett2196

    @davedrewett2196

    2 жыл бұрын

    @@mh017509 green coo coo land has zero to do with it. This is purely about private company profits. The cost of solar rooftop grid connect supply is not effected by gas or coal cost increases. Once liquid metal batteries are set up on microgrids this will create much more stable prices and energy provision. What Australia needs is a mix of energy sources for electricity. That mix changes depending on location. Southern areas need to look at wind and gas. In the north solar is cheapest. Storage right now is an issue but as liquid metal batteries become cheaper and more available that issue is solved. Australia has the best solar and wind assets on the planet, plus all the minerals required to transition to renewables. You'd would have to be a simpleton or fossil fool to think we should just keep doing the same as we have been doing.

  • @eric5901

    @eric5901

    2 жыл бұрын

    This is exactly how China's state run companies work lol funny how Australia always complains about China's policies yet wants to copy them

  • @davedrewett2196

    @davedrewett2196

    2 жыл бұрын

    @@eric5901 Australian governments were successfully running public utilities years before communist China was a thing. We have a socialised army as do China. Do you think we should privatise our army? What about a privatised police force? Wouldn't that be great ? Your next thought bubble is?

  • @Takudza
    @Takudza2 жыл бұрын

    Nuclear. If people weren’t so irrationally squeamish about nuclear we could have stable cheap electricity with zero emissions.

  • @FerraPizza
    @FerraPizza2 жыл бұрын

    How about we force the minerals companies to reserve a portion of output for the Australian market at fixed rate.. below spot.. if you don't pay any corporate tax you don't get to complain

  • @illiiilli24601

    @illiiilli24601

    2 жыл бұрын

    WA reserves (up to) 15% of gas exports for domestic (WA) consumption, so we're doing mostly fine

  • @lukayusuf4699
    @lukayusuf46992 жыл бұрын

    Starting early is the best way of getting ahead to built wealth, Investment remains the priority, the stock market has plenty opportunities to earn a decent payout, with the right skills and proper understanding of how the market works.

  • @gabrielada

    @gabrielada

    2 жыл бұрын

    l agree with you. I had a senior colleague at work who was living well but never had an Investment, unfortunately his work was terminated,so he went from living well to surviving with his family.lf he had invested when he was still working, he would have had another source of income.

  • @isaiahgriffin1239

    @isaiahgriffin1239

    2 жыл бұрын

    This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk, profts margin, a mentor and expertise to guide and help you manage your Investment portfolio.

  • @2facedab700

    @2facedab700

    2 жыл бұрын

    That why Mrs Angelina Morris is the best. She analyses the profit margin and manage the risk level to ensure profits and Intrest on your investment portfolio

  • @vanessammesoma500

    @vanessammesoma500

    2 жыл бұрын

    Investing is a prior decision to make for the future. If you are seeing this and don't have an investment, please do make plans to invest so you don't end up like

  • @onwechinwenkwo

    @onwechinwenkwo

    2 жыл бұрын

    Who's this professional everyone is talking about I always see her post on top comment on every KZread video I watched

  • @VynetteLisa1
    @VynetteLisa12 жыл бұрын

    Total mismanagement, never any accountability and us average people always pay the price

  • @peterhavord5984
    @peterhavord59842 жыл бұрын

    The tragedy of what happens when you don't regulate a system sufficiently to ensure security of domestic energy supply. Over the last 50 years Australia has gone from being over-regulated to being under-regulated in respect to domestic energy supply.

  • @GavinR824

    @GavinR824

    2 жыл бұрын

    Over-regulated to under-regulated in respect to just about everything.

  • @peterhavord5984

    @peterhavord5984

    2 жыл бұрын

    @@GavinR824 True

  • @blackknight3496
    @blackknight34962 жыл бұрын

    Sold everything offshore now reap the benefits, damn id love to have shares in energy Australia

  • @Coolsomeone234

    @Coolsomeone234

    2 жыл бұрын

    Your superannuation may. It's weird how we sell our stuff to countries who wouldn't even allow that to happen there

  • @Coolsomeone234
    @Coolsomeone2342 жыл бұрын

    Keep it fully government owned, keep it at cost or a small profit

  • @allthingsgardencad9726

    @allthingsgardencad9726

    2 жыл бұрын

    Government does not know how generator's work, its not there business

  • @Coolsomeone234

    @Coolsomeone234

    2 жыл бұрын

    @@allthingsgardencad9726 it's not like Electricity was owned and operated by the government for decades or anything. In fact that's still the case in WA. From WW2 until privatisation electricity prices were dropping in real terms until privatisation.

  • @aaronbcj

    @aaronbcj

    2 жыл бұрын

    Its funny how countries which have nationaized electricity are being told to privatize and those who had privatized (AUS) are advodating of nationalization! I think energy should be regulated by govt but not controlled. Otherwise these energy companies could blackmail the govt and bring the nation to its knees.

  • @allthingsgardencad9726

    @allthingsgardencad9726

    2 жыл бұрын

    @@Coolsomeone234 We need smaller governments not running everything, at the same time we need properly de-regulated markets to give competition.

  • @Spinobreaker
    @Spinobreaker2 жыл бұрын

    The Right wing gov, we have had over the last decade, and those that privatised them to begin with, left us totally fkd... Theyre the ones to blame

  • @NoTaboos

    @NoTaboos

    2 жыл бұрын

    So, the solution is a far left govt?

  • @luminair11

    @luminair11

    2 жыл бұрын

    Yes.....you're right! And those who voted them in especially! Never underestimate the power of the voter!

  • @whaleoilbeefhooked907
    @whaleoilbeefhooked9072 жыл бұрын

    One word sums this bull shit up. PRIVATISATION.

  • @kingsley3208
    @kingsley32082 жыл бұрын

    Time to create a state owned electricity monopoly - the market is failing.

  • @Coolsomeone234

    @Coolsomeone234

    2 жыл бұрын

    And would stop price gouging and/or provide a reliable revenue stream. Part of the reason business doesn't want to invest here is due to high running costs

  • @blackknight3496

    @blackknight3496

    2 жыл бұрын

    Sorry dennis but where you been...state and federal governments sold our asses to anyone overseas now they control our power so kickback and have fun because this is Australia

  • @freethinker4991

    @freethinker4991

    2 жыл бұрын

    The governments need to help with the installation of solar with batteries on all residences in Australia. I am glad we installed solar with batteries my owned electricity monopoly.

  • @brucejohnston3521
    @brucejohnston35212 жыл бұрын

    blind Freddie knew this was going to happen a decade ago

  • @jimgraham6722

    @jimgraham6722

    2 жыл бұрын

    There were plenty of warnings, you wonder sometimes the mentality of those making these decisions.

  • @guringai

    @guringai

    2 жыл бұрын

    Yea, when Abbott nearly destroyed the renewable energy industry. The carbon price was designed in a large part to prevent exactly the disaster we have now.

  • @presjar4016
    @presjar40162 жыл бұрын

    If the energy generators make a loss, tough luck. Don't always win in business. They can always walk away and the state can take over.

  • @allthingsgardencad9726

    @allthingsgardencad9726

    2 жыл бұрын

    why not let them charge what they want and then have competion come in to drive down the price?

  • @mh017509

    @mh017509

    2 жыл бұрын

    If the generators make losses they will stop investing thus reducing supply. This is exactly what happened.

  • @allthingsgardencad9726

    @allthingsgardencad9726

    2 жыл бұрын

    @@mh017509 to be exact, it was more the case it works out better for the suppliers to turn off the tap because of the way the regulation is written.. they make more if the Government asks them to turn it back on basically.

  • @hjf3022

    @hjf3022

    2 жыл бұрын

    The state is then left holding a toxic asset. That doesn't actually fix the problem.

  • @RCHeli1
    @RCHeli12 жыл бұрын

    Just a novice opinion here. If we consider residential homes as intermittent loads on the electricity grid, would it help the electricity suppliers if each home had a very large capacitor (battery), so the battery could cover spike demands. If these very large home batteries could be charged with large roof PV systems, then that could eleviate the burden on electricity suppliers even further. I think that this could also add some resilience to residential power supply.

  • @NoTaboos

    @NoTaboos

    2 жыл бұрын

    No way I'm ever installing a battery bomb at my house.

  • @Rawdiswar

    @Rawdiswar

    2 жыл бұрын

    Look up capacitive vs inductive loads.

  • @xtramoist9999

    @xtramoist9999

    2 жыл бұрын

    Yes. Individuals have been tinkering around with this idea for decades using lead acid batteries. Now there are companies like Tesla, LG and Samsung with commercial battery storage solutions to go with roof-top solar. I vaguely remember hearing about studies being done on decentralized grid storage - essentially not needing massive power stations. Though, I've not yet searched for said studies myself. Very interesting concept on the face of it.

  • @troyball6623
    @troyball66232 жыл бұрын

    It depends on all the backdoor deals the government does which they have done for years.

  • @Rawdiswar
    @Rawdiswar2 жыл бұрын

    Try running the grid on wind and solar and we'll check back in.

  • @robhaitch5544
    @robhaitch55442 жыл бұрын

    Offshore wind would put a big dent in the shortfalls. Even when its calm on shore there is often a steady breeze offshore. SA’s onshore windfarms drag prices down every time the wind picks up. Put the windfarms offshore to get more reliable supply.

  • @allthingsgardencad9726

    @allthingsgardencad9726

    2 жыл бұрын

    Are you paying for all the conrete and cables out to the ocean? you should go and do that.. 🤣

  • @David-lr2vi

    @David-lr2vi

    2 жыл бұрын

    @@allthingsgardencad9726 Plenty of countries have built offshore wind, it’s not some massive impost to build offshore wind otherwise it wouldn’t have been done elsewhere before.

  • @NoTaboos

    @NoTaboos

    2 жыл бұрын

    Another green nutcase.

  • @allthingsgardencad9726

    @allthingsgardencad9726

    2 жыл бұрын

    @@David-lr2vi if its so eay and cheap every person with a dollar to invest would be doing it to cash in on the hight power prices.. its obviously not that simple.

  • @kendalllucas2521

    @kendalllucas2521

    2 жыл бұрын

    Wind farms are crap

  • @davidcarter4247
    @davidcarter42472 жыл бұрын

    South Australia's wind farms are presently producing 20mw of power, Victoria's 48mw. The respective state electricity demands are 1700mw and 6520mw. The wind has to blow for wind energy to work and there very few places in Australia where the wind blows with any consistency. Tasmania's wilderness areas are the best. Just need to be cleared of the trees.

  • @Mothmax
    @Mothmax2 жыл бұрын

    Stop listening to idealists. Put the consumer first. Power should be reliable and as clean as possible.

  • @-Awareness
    @-Awareness2 жыл бұрын

    Time to disconnect the meter and stop my solar generation feeding the grid and instead into batteries…

  • @mickk7489
    @mickk74892 жыл бұрын

    My Union (ETU) fought selloff for years in generation, distribution & transmission. The Energy Regulator caps spending (redundancies, no training apprentices etc.) in this industry and, coal is going anyway, so why would you spend on maintenance. Everybody knew better than us & think they still do. The real grunt is - coal, gas & nuclear. Batteries? Tomago aluminium would empty the SA big battery in 15 minutes. I'm not anti solar but lets get a grip. A 600MW battery (stores, doesn't generate) is proposed to replace Eraring (3000 MW). Shy by 2400MW. As an indicator, 1 MW of generation takes 4,000 panels. Therefore, Eraring replacement is 4,000 panels X 3,000MW. Should get out of it with 12,000,000 panels but still wouldn't have power at night.

  • @jimgraham6722

    @jimgraham6722

    2 жыл бұрын

    Spot on. It only takes primary school maths, but for many that is too hard. I am prepared to bet by 2035 Australia will be in a crash program of nuclear power station development, either that or lights out

  • @lamegliogioventu
    @lamegliogioventu2 жыл бұрын

    “The generators are the ones who need to that, they have the power to do something about it” I see what you did there

  • @MrBenHaynes
    @MrBenHaynes2 жыл бұрын

    @ 31:30, what we need to consider is enshrining changes in building codes to ensure home energy management systems are built in to every new residence. This would go a fair way to reducing the current 60% wastage of electricity and reduce the financial burden on the residents. Can't even get people to switch lights off!

  • @troyball6623
    @troyball66232 жыл бұрын

    Instead of worrying about supply and demand on the grid, I still haven't heard a debate about each house or building having its own on site off grid power supply. Why do we need all these poles and wires and it would bypass overseas disruption about supply and pricing. Why can't each household have it's own renewable power supply without the grid, that would end blackouts ?

  • @Rawdiswar
    @Rawdiswar2 жыл бұрын

    Why the CGI stack in the background?

  • @MrBenHaynes
    @MrBenHaynes2 жыл бұрын

    @ 30:16, this is where you will reap the most savings without having to increase supply. My Gosh 60%! BTW, I love Lisa's day bed. I could snuggle up with a good book there.

  • @michaelcarydakis790
    @michaelcarydakis7902 жыл бұрын

    so much for electric cars

  • @SkilledCheckmates
    @SkilledCheckmates2 жыл бұрын

    Nationalising free markets always bears a greater cost on society in the long run

  • @jagarman7048

    @jagarman7048

    2 жыл бұрын

    Your evidence?

  • @user-te1nq4im9l

    @user-te1nq4im9l

    2 жыл бұрын

    "Privitastion of national resources always bears a greater cost on society in the long run"* - There u go i fixed it for you

  • @chuckmaddison2924
    @chuckmaddison29242 жыл бұрын

    Supply , cost problems . It's manufactured by the company. In WA the Muja power station is being shut down as we have too much energy. It's all bull.

  • @1stRiggerChick
    @1stRiggerChick2 жыл бұрын

    How about regulation and legislation insist Australian products always serve Aussie interests firts!!! The people! Not the stakeholders!!!!!

  • @1stRiggerChick

    @1stRiggerChick

    2 жыл бұрын

    @Ruben Daniel I'm ok, hope you are also fine. Better governance of public concerns and fair distribution of necessary resources would see us all better. But here we are.

  • @1stRiggerChick

    @1stRiggerChick

    2 жыл бұрын

    Ruben, I'm in Australia. I noticed you are asking women in chats how they are. What is your intention? As, you don't seem to comment regarding the topic the comment thread is linked too. Where are you from?

  • @1stRiggerChick

    @1stRiggerChick

    2 жыл бұрын

    @Ruben Daniel i don't know. Very few ways to do that and maintain privacy. If you are ok, maybe put your email address here, and delete after i reply? Is that possible?

  • @kendalllucas2521
    @kendalllucas25212 жыл бұрын

    Elon Musk has been to South Australia he thought our power grids are ajoke

  • @michaelcarydakis790
    @michaelcarydakis7902 жыл бұрын

    the gov should step step and make our power and gas gov owned not private this is a failure as we where told

  • @vivianoosthuizen8990
    @vivianoosthuizen89902 жыл бұрын

    Really dumb answers by the public

  • @camilla_k97
    @camilla_k972 жыл бұрын

    Mismanagement. Nothing more. Australia is really great, compared to average European states, such as Holland, Belgium or France, but there're often water shortages around Sydney and mismanagement in the energy sector...

  • @allthingsgardencad9726

    @allthingsgardencad9726

    2 жыл бұрын

    not mismanagement, government interference and a cloud of uncertainty from the labour party at every election about climate change... business don't know what the future will be to make any investment certainty.

  • @kednelly
    @kednelly2 жыл бұрын

    Energy generators? They are on shirts or most sportspeople, use their names

  • @barbarafitzpatrick
    @barbarafitzpatrick2 жыл бұрын

    We only have a small amount of problem and dont really need all this change .

  • @michaelcarydakis790
    @michaelcarydakis7902 жыл бұрын

    general electric make a gas generator and a new coal one with green immersion

  • @ohdearearthlings1879
    @ohdearearthlings18792 жыл бұрын

    I just wear more clothes and chuck an extra quilt or two on the bed.

  • @richard8181
    @richard81812 жыл бұрын

    This is nothing new, in USA for years producer’s would manipulate supply to get more $$$ selling to areas that needed supply urgently Privatisation or essential services is a failure and must be back under government control as was in the past and worked well and the cheapest in the world at the time

  • @rabidbigdog
    @rabidbigdog2 жыл бұрын

    All these 'market knows best' economists are getting sacked and put in stocks, right??

  • @dentureclinic3706
    @dentureclinic37062 жыл бұрын

    They're so full of it, blatent price gouging

  • @jn3124
    @jn31242 жыл бұрын

    Coal runs out in 41 years in 2063 that's why they are alarmed. Not because they are saving the environment .

  • @kendalllucas2521
    @kendalllucas25212 жыл бұрын

    She is right

  • @sondralee8539
    @sondralee85392 жыл бұрын

    Deceivers.

  • @allthingsgardencad9726
    @allthingsgardencad97262 жыл бұрын

    Also, we are all spoilt and use way more energy than we should..

  • @NoTaboos

    @NoTaboos

    2 жыл бұрын

    Define should.

  • @allthingsgardencad9726

    @allthingsgardencad9726

    2 жыл бұрын

    @@NoTaboos We use AC's on days when its not needed, heaters the same. Lights left on.. obviously ppl can do whatever they like.. its an Ought statement.

  • @NoTaboos

    @NoTaboos

    2 жыл бұрын

    @@allthingsgardencad9726 Who is "we"?

  • @allthingsgardencad9726

    @allthingsgardencad9726

    2 жыл бұрын

    @@NoTaboos We as a larger community are allowing it is what i mean even we dont specifically do so.

  • @NoTaboos

    @NoTaboos

    2 жыл бұрын

    @@allthingsgardencad9726 Objection; hearsay. Impossible to get actual statistical data on that. Anyway, if leaving a light on has become a sin, then there is a serious failure in the system. It's also part of the green socialist goal of keeping people feeling guilty for destroying the planet with everything they do. A guilty population is easy to manipulate.

  • @luminair11
    @luminair112 жыл бұрын

    As much as I have a tendency to want to put my head in the sand as many of us do, especially with all the negativity in the world from a news media perspective, I can't ignore this and feel we Aussies need to sit up & take notice on this issue. This is largely a direct consequence of what happens when political voting is driven by fear!

  • @susannemedina7955
    @susannemedina79552 жыл бұрын

    Regulators or Watchers? "Watcher (Aramaic עִיר ʿiyr, plural עִירִין ʿiyrin, [ʕiːr(iːn)]; Theodotian trans: ir; from the root of Heb. ʿer, "awake, watchful".[1] Greek: ἐγρήγοροι, transl.: egrḗgoroi; "Watchers", "those who are awake"; "guard", "watcher"[2]) is a type of biblical angel. Watcher occurs in both plural and singular forms in the Book of Daniel (4th-2nd century BC), where reference is made to their holiness. The apocryphal Books of Enoch (2nd-1st centuries BC) refer to both good and bad Watchers, with a primary focus on the rebellious ones". Wikipedia

  • @woodviewi6921
    @woodviewi69212 жыл бұрын

    Why Don't a Australia connection west Australian pipeline to east coast How pay there is mene options stop thinking in a box the is way to finance it Supper pension fund it own matter can service the country and not foreign policy affairs affiliate Think

  • @robincook5999
    @robincook59992 жыл бұрын

    Sounds like bad management for the consumer but good for the Energy companies. But over here in Europe we have the same problem, and also US has problems and so can't full fill its promise to fill the shortage caused by sanctions on Russia. Be more careful who you elected.

  • @bella95

    @bella95

    2 жыл бұрын

    This was going to happen no matter who was elected. Don't you think it's strange that it's going on in UK USA AU all at the same time? I do.

  • @davidcarter4247
    @davidcarter42472 жыл бұрын

    On the first night of these current threatened blackouts Victoria's wind farms were producing well under 10% of their installed capacity as a high pressure system dropped wind speeds. Next day an approaching front saw the output of wind farms soar as the wind picked up. But today it is well down as another high pressure system approaches that has already reduced SA's wind farm output to a third of yesterday's. By the weekend Victoria's wind farms will be becalmed again. To power Australia 100% on renewables will require trillions of dollars in investment, a lot of which will be unused for most of the time. A reliable renewable grid has to produce enough energy to cover a day of maximum demand on a day of minimum generation (calm, overcast/night). Based on the wind output in Victoria on Monday night that is 200 times the number of turbines installed in Victoria now.

  • @elisebalk

    @elisebalk

    2 жыл бұрын

    The key to a healthy renewable energy system has to include power storage

  • @davidcarter4247

    @davidcarter4247

    2 жыл бұрын

    @@elisebalk Not that simple. As I write this at 7am there is no solar in South Australia and Victoria (naturally) and no wind in South Australia while Victoria's wind farms are running well under 10% of capacity. SA's $150m Tesla battery can power that state for less than 10 minutes. The battery capacity just to get SA through last night runs into tens of billions of dollars. Once expended the batteries need to be recharged so renewables have to produce a huge surplus to do that even if the wind remains calm and there is an overcast. All electricity grids need base load.

  • @elisebalk
    @elisebalk2 жыл бұрын

    Wow, kiwi's complaining about a 4.7% price increase in power

  • @bobbellamy253
    @bobbellamy2532 жыл бұрын

    2022 running out of electricity🇨🇳

  • @rossisaacs541
    @rossisaacs5412 жыл бұрын

    Fire up the coal power stations

  • @keepsmiling8303
    @keepsmiling83032 жыл бұрын

    This is ludicrous! We export what we need. We got to rely on politicians 🤣🤣

  • @bella95

    @bella95

    2 жыл бұрын

    @@freethinker4991 We are paying for Ukraine?

  • @David-lr2vi

    @David-lr2vi

    2 жыл бұрын

    @@bella95 No, we are paying for the corruption of the federal government on both sides who let all our gas and coal go overseas without reserving any of it for ourselves. There’s zero problems in WA where they have a gas reservation policy to reserve some of their gas for their own use.

  • @aaronbcj

    @aaronbcj

    2 жыл бұрын

    Very strange why nations are NOT exporting their politicians. Stop exporting skilled professionals or atleast send 2 politicians for every pro lost 🤣

  • @freethinker4991

    @freethinker4991

    2 жыл бұрын

    @@bella95 not through high energy prices This one is on the coalition in action over a decade. We produce electricity in Australia from resources we already have here in Australia. We are paying fir Pitons war on for Ukraine through higher oil prices. If we all were driving EV we then would be shielded from high oil prices and only have to care about the high electricity prices.

  • @freethinker4991

    @freethinker4991

    2 жыл бұрын

    @@David-lr2vi just letting you know is that it was the Campbell Newman coalition QLD Sate government that approve two gas plants with out reserving any Gas like they did in WA. I was a hot topic in the news at the time as WA was at the same time negotiating there Gas projects.

  • @alch3myau
    @alch3myau2 жыл бұрын

    energy shock? did ABC just make a new segment for more gov funding?

  • @kendalllucas2521
    @kendalllucas25212 жыл бұрын

    Blame Blame all set up for the Re set

  • @mickgatz214
    @mickgatz2142 жыл бұрын

    Too Many Humans......

  • @NoTaboos

    @NoTaboos

    2 жыл бұрын

    Feel free to leave.

  • @michaelcarydakis790
    @michaelcarydakis7902 жыл бұрын

    make us stronger and federalize the power and gas the regulator should be sacked

  • @Der8cho
    @Der8cho2 жыл бұрын

    The whole world is going to 💩

  • @vivianoosthuizen8990
    @vivianoosthuizen89902 жыл бұрын

    Too many book learning leaves you without commonsense

  • @myname2096
    @myname20962 жыл бұрын

    *Australia is a first world country, has been exporting natural gas, coal, has massive land and extreme heat good for solar energy, has small population and goes brownout* 😂

  • @giovannalooi9952
    @giovannalooi99522 жыл бұрын

    What a joke, that guy blame it all on Putin, he sounded like Biden...it is Putin's price hike!

  • @luminair11
    @luminair112 жыл бұрын

    Oh and I'm sick of hearing the pathetic excuse of the war in Ukraine because of the lack of political will, leadership and courage by our past government.......it just sounds to me more & more like some kind of smokescreen or cop-out!

  • @kendalllucas2521
    @kendalllucas25212 жыл бұрын

    Putin has nothing to do we gas prices ya reading from the script

  • @SamWulfign
    @SamWulfign2 жыл бұрын

    I'm pulling my hair out here, full renewables is not going to solve the problem, it will continue to persist. Solar and Wind and even Wave current energy is helpful and one part of the puzzle. But only just storing intermittent generation is only going to delay the issues here. We need a on demand generation that isn't carbon output... and the reality is that you either have Hydro, which is highly depedent on location so not a complete solution. Or you have yes the big scary boogie man that makes everyone dive for the covers, Nuclear. Australia needs to take a mature approach to nulcear energy, We need a stopgap middle ground solution until Fusion becomes viable generation method. And Fun fact, Coal produces radation when you burn it...

  • @tonywilson4713

    @tonywilson4713

    2 жыл бұрын

    You're pulling your hair out. I'm an engineer how do you think I feel. I just watched 44 minutes and 20 seconds of garbage by yet another collection of economists. About 2 weeks before the election Colin Barnett (former WA Premier) said that we had to STOP listening to economists and start listening to engineers if we are going to solve the energy situation. So long as we keep having presentations like this WITH NO ANSWERS and the rest of you just keep running around howling then NOTHING will get done. Here are the options. Coal - old technology and now too expensive to build or run. Hydro - reasonably clean but if you must have suitable geography Wind - fantastic and now cheap, but its intermittent. Solar - fantastic and now cheap, but its intermittent. Gas Thermal - built like a coal fired plant but with gas and we don't have the gas supply for it. Gas Turbines - Basically a turbo-prop engine running on natural gas with a generator instead of a propeller. Gas Cogeneration - A gas turbine with a flash boiler on the exhaust to power a secondary steam turbine. Nuclear - reasonable except it takes a decade to build a plant and we don't have a decade. Plus the really big issues with nuclear is which type Uranium or Thorium and which technology pressure water or molten salt. Rolls Royce and GE can do Hydrogen instead of methane. They sorted that tech out over 20 years ago, when they first thought Hydrogen would replace jet fuel.

  • @SamWulfign

    @SamWulfign

    2 жыл бұрын

    @@tonywilson4713 I feel for you engineers, I can imagine your all just having constant migraines that there is a solution, but people just aren't open enough to accept said solutions.

  • @David-lr2vi

    @David-lr2vi

    2 жыл бұрын

    If we could start producing green hydrogen this would be a good “battery” to store excess renewable energy and making it available when the sun isn’t shining or the wind isn’t blowing.

  • @tonywilson4713

    @tonywilson4713

    2 жыл бұрын

    @@David-lr2vi You're right green hydrogen IS THE SOLUTION. Sorry if this explanation is long, but I've spent a couple of years looking into the issue we now face. So you know - I'm an engineer and became aware of how dire our energy situation was around 2015 when I did a small consult job for a Taiwanese investment broker. They wanted to sell solar projects into Australia and needed an Australian engineer to do a power point for them on Australia's future energy needs. It was very simple but what I found was the lurking twin monsters that was our aging power stations and that we hadn't built anything since the late 1990s. So along with many other engineers I've known this crisis was coming. Just so you know. I did my degree in aerospace and have spent most of the last 20 years on mine sites because back in 2002 I met Harrison Schmitt (Apollo 17) who was at that time saying we'd be going back to the moon to mine it for Helium-3. To power such a site needs to be nuclear and the best option on that is a Thorium molten salt reactor. Long term I think we will have nuclear power *BUT RIGHT NOW we need something easier that can be built very fast.* Simple run through of the options leads to one thing Hydrogen Fuelled gas turbines with steam cogeneration powered off the exhaust. Nobody wants coal, hydro is limited by geography, nuclear can't be built fast enough and wind/solar needs a bulk storage solution. Elon Musk let slip that his new battery factory will be able to supply 1/3 of 1% of the worlds needs. So we need to forget Lithium batteries as the bulk storage solution. Besides we'll need those batteries for cars. I happen to know from my aerospace background that Rolls Royce and GE separately solved the issues with powering gas turbines with hydrogen back in the 90s but never found a market for it. They expected planes to be using them by now and it just hasn't happened. All anyone needs to know is the technology works. I know form other sources that the real issue with wind/solar isn't when there's no wind or sun its when there's too much. It can overpower the grid and you need to start disconnecting generating systems which is way harder than it sounds. Plus if you own a wind farm and can't sell the power that goes in your book as a loss. If you can only sell 5% of the excess off your homes roof top solar that's a lot of lost earnings. So we actually need a system that can soak up all that excess wind & solar and then deliver it back WITHOUT making a mess of the system. The ADVANTAGE of a hydrogen based STORAGE system is that it can use all that excess wind/solar and deliver a lot more MONEY to all the systems already in place and new ones being built. The ADVANTAGE of a Hydrogen gas turbines is they can be built on the sites of existing power stations where there are already the links to the power grid which makes the engineering a lot easier. The OTHER ADVANTAGE of Hydrogen turbines is they can be put in place fairly quickly and we needed new power stations 15 years ago. Yeah 15, not 1, not 5, not 10, we needed to be building the next major power station at least 15 years ago. Its what makes the Green hydrogen solution the only viable option we have in the time frame we have. For sure we can throw wind and solar projects at the problem but they then cause a massive headache for the grid that includes both overpowering it and storage. So your dead right Green Hydrogen is the answer. Its just a slightly more complex answer than people think.

  • @SamWulfign

    @SamWulfign

    2 жыл бұрын

    @@tonywilson4713 Only issue, is getting regulation to make sure it is GREEN Hydrogen, as there is two forms of it, one is green and the other... well, Lets just say that those fossil fuel companies are very sneaky.

  • @Barone2013
    @Barone20132 жыл бұрын

    All those advocating for green energy and shutting down of coal mines are to blame. Renewables are not yet consistent in output and are not yet where they are supposed to be. Australia has to keep all energy sources alive until renewables are ready for prime time. In the US California has the highest energy bills although going green for almost a decade. In Germany energy prices have doubled over the last 5 years since they decided to shut down their coal mines and nuclear plants to go green.

  • @hoggers7572

    @hoggers7572

    2 жыл бұрын

    You're correct who gives a damm about the future of the planet when I my lil tootsies might get cold ..what about if the neo liberal government right wing government got their act together years ago instead of denying climate change...this country will feel the fallout of the Liberal Government for many years to come

  • @David-lr2vi

    @David-lr2vi

    2 жыл бұрын

    The previous federal government are to blame for preventing the build out of renewables and storage for the last decade. Coal and gas is more expensive than renewables even when you factor storage into the equation so we need firm rules to encourage investment into renewables and storage.

  • @Barone2013

    @Barone2013

    2 жыл бұрын

    @@David-lr2vi I beg to disagree. There is no country in the world where renewables are cheaper than conventional energy sources at this point. Renewables are also highly subsidised at this point in every country to push adoption. California has by a mile the highest energy rates in America. California has been the major driver of renewables in the USA, see Tesla, Deserts full of Solar panels. Norway, a country that has one of the highest levels of renewables has ridiculous energy prices. Energy prices are double what they were 5 years ago. In my opinion we need rational decision making. Green energy advocates will have you think the technology is ready for prime time but it is not. We need to continue to push development on renewables without punishing alternative sources. The future will be an energy mix with renewables increasing over time based on the pace of development.

  • @nicholasvelios9043
    @nicholasvelios90432 жыл бұрын

    NUCLEAR IS SAFE AND GREEN !!!!!!!!!!!!!!!

  • @derekmoore2779
    @derekmoore27792 жыл бұрын

    Ukraine war had no effort on electrical process It's just a political problem and green new deal ,which is a joke

  • @alexwoo3504
    @alexwoo35042 жыл бұрын

    Socialism and communist way.

  • @cobrapatrol
    @cobrapatrol2 жыл бұрын

    build some nuclear power plants.

  • @xb5442

    @xb5442

    2 жыл бұрын

    Too late for that now. Should've been done 20 years ago.

  • @robhaitch5544

    @robhaitch5544

    2 жыл бұрын

    Offshore wind is faster to install, cheaper to build, cleaner to run and clearly safer.

  • @cobrapatrol

    @cobrapatrol

    2 жыл бұрын

    @@robhaitch5544 any disadvantages?

  • @planet7085

    @planet7085

    2 жыл бұрын

    @@cobrapatrol kills birds lol

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