Now let’s take a look into the calculations that Ronald Brakels made to prove that hydro power (Snowy Hydro 2.0) is more expensive than battery storage (Hornsdale Power Reserve). His arguments were spread over many paragraphs and at first glance it was not very clear what he was calculating exactly and why. Therefor, I thought it might be a good idea to redo his calculations. This reconstruction will be the subject of this post and I will clearly write out all his calculations in order to better understand his arguments.
The calculation can be divided into three parts.
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