Prompted by last Friday’s publication of the AER’s ‘Wholesale Markets Quarterly’ for Q2 2021, here’s a tabulated summary of some of the contributing factors of spot price volatility (and hence high average prices) for the quarter – particularly for QLD and NSW.
Fifteen months after first speaking at Clean Energy Summit about the train wreck that’s ongoing in terms of our mismanaged energy transition (and coincident with another industry gathering in the form of the AFR National Energy Summit), we note about Villain no5 as the next contributor to our transition running off the rails…
It seems to us that the people at either extreme of the Emotion-o-meter are causing this energy transition to see-saw off the tracks. For this reason they are Villain #3.
My sense is that we, the voting public, are Villains #2 in running the energy transition train off the tracks.
First up in our listing of Villains in relation to the unfolding energy crisis are, of course, our political leaders – State and Federal, past, present and prospective.
A multi-layered energy crisis is upon us. I’ve identified 10 “root causes” (or “villains”) that have each played key roles in the way in which our energy transition has run off the rails.