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I believe the problem with increased price is the result of the state owned enterprise being forced to increase prices dramatically in order to show big profits so that the state received a higher sale price of an asset. Then the companies were allowed to increase prices further. Then again the charges associated with distribution, poles and wires as they say, were increased to establish a high value there as well. All gets down to selling off the farm to pay off the bankcard.
So far, so good. Some rain has fallen and there looks to be a lot more on the way especially over the West Coast catchments.
Having so much come down all at once does create some issues in that some of the storages in that part of the system are relatively small relative to potential inflows during a high rainfall event (unavoidable due to topography) and it's obviously important to avoid spilling the incoming water. But any rain's good rain right now so no complaints there, it's just a question of maximising the benefit of what comes down.
Storage is presently at 13.0%, up slightly for the week. That's the first increase since late January and the largest increase, albeit just 0.138% for the week, since mid-September 2015.
I wonder when someone will start getting excited about wholesale pricing?
Prices for this calendar year to date in Qld and NSW are almost back to the level they were at during the carbon tax whilst those in Vic and SA are about half way back from "normal" to that level.
Wallerawang, Munmorah, Redbank, Anglesea and Morwell are all shut down now and not coming back with Northern / Playford B about to join that list this month. Meanwhile Tassie's effectively out of the market, Swanbank is mothballed and bulk gas prices have literally doubled.
If prices were going up due to an actual carbon price then there would be an outcry from one side of politics. So where's the outcry blasting the "competitive market" for raising prices?
Hmm....
Good news indeed. I presume most of the rain was "natural" as opposed to seeded ?
Tassies luck is changing. Good news.[/CODE]
I'm wondering if we're going to get a repeat of what happened almost half a century ago? It does seem that we've gone from extreme dry to extreme wet "just like that".
1967 = Driest year on record for inflows to the Hydro system
1968 = Fourth wettest year on record for the system as a whole, and for some catchments the wettest on record.
When is basslink going to work again?
Great news about the Tassie rainfall Smurph, all should be good with a wet winter
As with you, I think the shutting down of coal fired generation, will be rued in a few generations.
The wastage of gas, at this stage of our transition to renewables, will leave future generations wedged on fuel sources.IMO
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