So Simple: Fixing Australia’s Power Pricing & Supply Crisis Easy As One, Two, Three

STOP THESE THINGS

Solving Australia’s power pricing and supply calamity means killing subsidies for wind and solar and kickstarting nuclear power, by removing the ban that prohibits it.

As Rafe Champion details below, there are three easy steps that would resolve the current debacle: killing off the subsidies for intermittent power generation; adding a capacity market to the National Electricity Market to encourage the appropriate deployment of capital; and removing Australia’s ludicrous ban on nuclear power generation.

Comparative costs of power
Catallaxy Files
Rafe Champion
13 September 2020

In November last year a group of consultants tabled a report in the NSW Parliament with the results of some elaborate modelling work to generate  the  total System Levelised Cost of Energy (SLCOE) which is defined as —

“…the average cost of producing electric energy from the combination of generation technologies chosen for the system over its entire lifetime, discounted back to today at 6% per annum.“

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