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Renewables cut South Australia prices

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South Australia’s near-100% renewables cut electricity prices about 30%, IEA data showed coal generation fell in China and India, while Centrica’s chief warned UK costs would rise by 2030.

The Guardian
Wake up Labour MPs: the price of electricity is a crisis for industry and growth | Nils Pratley

Centrica boss’s 2030 prediction is not controversial, but government’s strategy hardly adds up to one to prove him wrong The price of electricity is less entertaining than a bout of leadership plotting but Labour MPs, if they lifted their gaze, could note that the boss of one of our largest energy companies made a significant prediction this week. British electricity prices in 2030 would be higher than they were in 2022 after Russia’s full-scale invasion of Ukraine, said Chris O’Shea, the chief executive of British Gas-owning Centrica . If he’s right, the implications may matter more for those MPs’ re-election prospects than if or when the prime minister goes. O’Shea was not making a point about net zero. He was merely saying all options for the necessary upgrade of the country’s energy infrastructure were expensive. “We’ve underinvested in the system for many years, and whether it’s the cost of building a new gas-fired power station or a new windfarm, the costs have gone up, ” he said. Continue reading. . .

Wake up Labour MPs: the price of electricity is a crisis for industry and growth | Nils Pratley
Reposts 3 1d
New Scientist
This state’s power prices are plummeting as it nears 100% renewables

South Australia is proving to the world that relying largely on wind and solar energy with battery back-up is incredibly cheap, with electricity prices tumbling by 30 per cent in a year and sometimes going negative

This state’s power prices are plummeting as it nears 100% renewables
Reposts 19 1d
Svenska Dagbladet
The world's coal giants are accelerating - but emissions are falling

Both China and India have built a lot of new coal-fired power plants—and many more are in the plans. Yet coal use fell in the world's two biggest coal-using countries last year.

Reposts 0 1d
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