‘Gas cartel’ is pushing gas prices up in Australia

‘Gas cartel’ is pushing gas prices up in Australia:

A CARTEL has gained control of Australia’s gas and is killing the economy, pushing prices up and sending businesses broke, one expert says.

Australians are grappling with huge increases in electricity and gas bills, with one recycling business saying his electricity bill had increased from about $80,000 to $180,000 a month.

Plastic Granulating Services was forced to close its doors last month, leaving 35 employees out of work, and there are fears more could follow as further increases are expected.

Part of the reason why power prices are shooting up is due to the closure of cheap coal-fired power stations but also because of rising gas prices.

H/t reader kevin a.

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South Australia’s power woes expose deeper problems with nation’s energy security

South Australia’s power woes expose deeper problems with nation’s energy security:

Australia is rapidly stumbling into a major energy crisis, and there’s little evidence to suggest the federal and state governments can agree on the solutions to fix it.

H/t reader kevin a.

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SA plastics recycling business closes due to $100k hike in power bills

SA plastics recycling business closes due to $100k hike in power bills:

South Australia’s sky-high electricity prices have forced an Adelaide plastics recycling business to shut its doors, costing 35 workers their jobs, its managing director says.

Plastics Granulating Services (PGS), based in Kilburn in Adelaide’s inner-north, said it had seen its monthly power bills increase from $80,000 to $180,000 over the past 18 months.

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Lyon Group announces $1b battery and solar farm for South Australia’s Riverland

Lyon Group announces $1b battery and solar farm for South Australia’s Riverland:

A $1 billion battery and solar farm will be built at Morgan in South Australia’s Riverland by year’s end in a project the proponents describe as “the world’s biggest”.

The builder, Lyon Group, has already proposed a smaller solar farm and battery storage facility, named Kingfisher, in the state’s north.

Lyon partner David Green said the project was 100 per cent equity financed and construction would begin within months, employing 270 workers.

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Extreme Market Distortion: German Power Prices Could Be Negative 1000 Hours A Year!

Extreme Market Distortion: German Power Prices Could Be Negative 1000 Hours A Year!:

Germany’s Energiewende is faltering badly.

At least that’s what Christoph Eisenring of the Zurich based daily NZZ writes here, claiming the Energiewende (transition to renewable energies) is a false model for the rest of the world.

The truth is that the Energiewende is on the same path as the construction of the Berlin BER airport – racing down the highway to total debacle – something that everyone is doing their damnedest to ignore and wishing it would just go away.

Moreover, Eisenring writes, it is causing “collateral damage” to Germany’s neighboring countries, as huge supply fluctuations threaten to destabilize their grids and electricity markets.

Only 1% of rated capacity!

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Study: India won’t be able to meet Paris Climate Agreement commitments due to expanding coal power plants

Study: India won’t be able to meet Paris Climate Agreement commitments due to expanding coal power plants:

AMERICAN GEOPHYSICAL UNION WASHINGTON, DC — India will not be able to meet its Paris climate agreement commitments in the coming years if it carries through with plans to build nearly 370 coal-fired power plants, a new study finds.

H/t reader kevin a.

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Solar Roadways: Busted! (Video)

Related info:

Solar Road Costs $4.3 Million – Generates Enough Power To Run ONE Microwave


Jul 15, 2014

After the solar roadways project made all these claims that they were basically ready to start manufacturing their solar roadway panels… turns out, that merely 4 years ago, the thought it would take ~50 million USD.
This is ignoring all the other issues they had:
-no functional road surface
-no plan for road manufacture
-no cost realistic plans for implementation of power transport systems.

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South Australia Demolishes their Last Coal Power Station

And now the climate will change and it will get cold down under.


South Australia Demolishes their Last Coal Power Station:

While Federal politicians bicker, South Australia, the world’s renewable crash test dummy, has wasted no time demolishing their last viable coal power station, to lock in their pursuit of an energy free future.

Senate inquiry sparks ideological fight over Australia’s energy supply and climate change

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Hazelwood Countdown: One 53 years old coal plant makes more electricity than Australia’s entire wind industry

Hazelwood Countdown: 53 years old and making more electricity than Australia’s entire wind industry:

One old coal plant makes more electricity than all the wind farms

H/t reader kevin a.

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Nearly 338 gigawatts of coal power capacity under construction worldwide and another 1,085 gigawatts of capacity in various phases of permitting or planning. This is the equivalent of 1,500 large coal plants

As of January 2016, the report’s authors found, there were nearly 338 gigawatts of coal power capacity under construction worldwide and another 1,085 gigawatts of capacity in various phases of permitting or planning. This is the equivalent of 1,500 large coal plants

Source

H/t reader kevin a.

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German Power Sector In Massive Trauma As Electricity Giant EON Set To Post Colossal €12.4 BILLION Loss!

German Power Sector In Massive Trauma As Electricity Giant EON Set To Post Colossal €12.4 BILLION Loss!:

The ‘Energiewende’ (transition to green energies) risks leading to a complete meltdown of Germany’s power generation sector.

The latest news is that German electricity giant Eon expects to post a massive 12.4 billion euro loss for the year 2016, NTV news site writes here. Careful not to link the loss to Germany’s failing renewable energy bid, NTV blames it on Eon subsidiary Uniper and its write-downs for “spun-off nuclear power plant business” and the “strongly fallen wholesale power prices“.

Eon share prices plummeted from €7.57 a share earlier this weak to €6.98 by early Thursday morning, before clawing back up to €7.15 in Friday trading.

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