On 30 Aug 2024 23:57:19 GMT, Gordon <
Gordon@leaf.net.nz> wrote:
https://www.transpower.co.nz/system-operator/live-system-and-market-data/consolidated-live-data
According to this site the amount of coal power generated was zero and at >10:30 today, Saturday the amount showing is also zero.
Why has Stuff in the Greenie columns not had this great news?
Same reason as The Herald and the Otago Daily Times and Kiwiblog and TheCentrist. Its just not newsworthy. Most people know we have had a
bit of rain in recent days and that there will be a bit more water in
the dams. But don't worry, the use of coal had the desired effect of
increasing profits for all the market - I haven't seen any analysis as
to whether the price comes down as fast as it went up, but it will all
have the effect of 'warming us up' for higher prices for electricity
in the longer term as well. The 'competitive' market will see the
different elevators move at slightly different speeds so they can all
appear to be lowest at different times, while averaging out to much
the total costs over time for all of them.
Meantime there are no plans to 'encourage' projects for new
generation that have resource consents to be got underway - there is
likely to be another water shortage come summer and that will give a
nice opportunity to increase profits again.
--- SoupGate-Win32 v1.05
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