Earlier quoted context omitted.
Levelized cost of electricity. All the costs that go into producing from a given source (capex and opex) divided by the total power generated.
> All the costs that go into producing from a given source (capex and opex) divided by the total power generated ... total energy generated.
In Australia, a home battery boom has helped cut wholesale power prices
171–180 of 328 posts
Re: In Australia, a home battery boom has helped cut wholesale power prices
#172Earlier quoted context omitted.
In the end you have to replace those panels and nobody in your country now produces them or has the incentive to start producing them unless they not only drop the subsidies but sell well over market value.
You have 25 - 50 years. Put your STE people to work. CSIRO is probably a decent org, give them a Manhattan project? https://en.wikipedia.org/wiki/CSIRO
Re: In Australia, a home battery boom has helped cut wholesale power prices
#173Earlier quoted context omitted.
Installing on people’s houses isn’t just about install costs (the numbers for which above I highly doubt). There’s a huge additional benefit, and cost reducing factor, that comes from installing storage where grid connection already exists. Instead of building out battery farms in the desert and piping the power into urban centers over cables like a power plant, you can install capacity and run it essentially p2p. Th…
We already have the "power pipes", from the power plants. > Professionals are manufacturing and installing these at scale. A couple of electricians doing 20kWh (average install size) once per day, with an individual inverter, gateways, etc. is not at scale, by any means of the word.
Re: In Australia, a home battery boom has helped cut wholesale power prices
#174It started with a solar boom, many small home scale solar roofs popping up everywhere. Australia has a free trade agreement with much of the world, including China, and solar panels have literally dropped to 1/50th of the price they were in 1990 ($10/W to $0.2/W today). A shout out to the work that was done to establish dynamic grid pricing too. Anyway that caused power prices to reliably go negative during the day a…
I have made this argument several times that capitalism literally solves the issue of solar panels if the market allows arbitrage and true dynamic pricing. Good to see now a working example that capitalism is an excellent system of rewarding those who solve inefficiencies in markets
Re: In Australia, a home battery boom has helped cut wholesale power prices
#175Earlier quoted context omitted.
> they put up barely any struggle against solar adoption They put up plenty. https://www.sciencedirect.com/science/article/abs/pii/S22146... https://www.theguardian.com/environment/commentisfree/2024/o... As with climate change, there comes a point where the propaganda just stops working becuase it's impossible to contest.
What's funny is that Australian-born Rupert Murdoch has been far more effective in the US than in Australia on this front. The propaganda is still going really strong in the US. Talk to the population and 1/3 to 1/2 will happily tell you that EVs have fully failed and are being abandoned and will never gain traction in the future. And solar? Lol. Even the people who are saving money with it tend to refuse to talk abo…
Re: In Australia, a home battery boom has helped cut wholesale power prices
#176Earlier quoted context omitted.
A 50% price decline doesn't imply there's 50% less demand for petroleum. If 6% less demand is all the margin consumers need to get their supply, then price can drop quickly. It's all in the margins.
What is the best way to learn more about this, are there any examples? This seems a bit counterintuitive to me.
Re: In Australia, a home battery boom has helped cut wholesale power prices
#177Earlier quoted context omitted.
Or outsourced their pollution to a foreign supplier.
Carbon taxes collapse as they don’t account for imports correctly.
Re: In Australia, a home battery boom has helped cut wholesale power prices
#178I looked at cloud coverage maps. There are monthly and annual average maps, and raw data from satellites. Building a map of run length of overcast days would be useful.
Re: In Australia, a home battery boom has helped cut wholesale power prices
#179Earlier quoted context omitted.
A 50% price decline doesn't imply there's 50% less demand for petroleum. If 6% less demand is all the margin consumers need to get their supply, then price can drop quickly. It's all in the margins.
What is the best way to learn more about this, are there any examples? This seems a bit counterintuitive to me.
Re: In Australia, a home battery boom has helped cut wholesale power prices
#180I've long thought that any country should buy solar panels from any other country that's crazy enough to sell them to you at a subsidized price. It's not like buying oil; once you have the panels, that energy independence belongs to you.