ENVIRONMENT
- Greg Foyster
- 26 August 2016
8 Comments
On 7 July, South Australia experienced a cold snap. As residents turned on their heaters, the still and cloudy conditions meant wind and solar power couldn't contribute much to meeting electricity demand. The last coal plant had closed a few months before, pushed out of the market by renewable energy. As if on cue, the spot electricity price spiked. Instead of a lesson about the danger of too much wind power, it's about the danger of too much market power in the hands of a few big players.
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