Timothy Birdnow

"Yesterdays announcement of the early closure of the Eraring power station means that, with the Liddell station scheduled to close next year, almost half of New South Wales coal generation capacity will have closed.

"Contrary to the propaganda, those closures are not because the coal stations have become uneconomic. They are due to competing energy supplies – wind and solar – having been subsidised by governments. This lowers the market price when those intermittent sources are running (while raising the overall price to consumers) and imposes stop-start costs on coal generators.

I'm quoting from my good friend Alan Moran, you can read the entire article here:
https:// www.regulationec onomics.com/ _files/ugd/ b6987c_2054f8cc3 9dc4d838bd1e728 3489df7a.pdf

Posted by: Timothy Birdnow at 01:05 PM | Comments (3) | Add Comment
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