In the wake of South Australian price rise, the Grattan Institute calls on governments to explain that the transition to renewables is coming, with costs attached
Huge spikes in wholesale electricity prices in South Australia in July show stable, nationally consistent climate policy must urgently replace “unmanageable uncertainty” for energy market investors, according to a new analysis by the Grattan Institute.
When the short-term spot price of electricity spiked to its peak of $14,000 several times on 7 July, some commentators sought to blame the high share of wind power in the state. Energy experts argued the price spikes were a result of an abuse of market power, with a small handful of generators gaming the system.
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Source: Guardian Environment