Wind farm campaigner confident about coopers gap but has concerns
The latest estimate from the Rural Electrification Authority (REA) shows coal power is back on its feet.
And in May of last year, power minister Bob Carr revealed it was no longer financially viable to keep building coal power plants – in the wake of a court case which saw a ruling overturned on several grounds.
However, according to an analysis of REA figures from 2012 and 2013, it found “coal is still cost effective in 2015”, wi더킹카지노th electricity demand in regional NSW up by 1.7 per cent over that year.
As a result, REA estimates of coal-fired generation capacity in regional NSW could rise to 18.2GW by 2021 and 26.6GW by 2026.
On Saturday the Government plans to announce that it is buying another 2,100MW of coal-fired generating capacity from the Australian Energy Market Operator (AEMO) during the next four years, but those figures are still not released.
On the surface it is very clear that coal is a key element of the Renewable Energy Target. Photo: Alex Ellinghausen
An analysis of REA figures from 2008 shows coal-fired generation capacity is expected to jump to 18.5GW by 2015, which is likely to come with significant price increases from the RET.
But a new analysis of more recent numbers suggests coal might be a far better place to invest in when it comes to renewables than people generally think.
The analysis by energy researcher and former coal power industry employee, Dr Nick Van Der Veen, is based on figures released earlier this year by the EIA, showing an increase in electricity demand from coal generating capacity from 6.6 per cent in 2014/15 to 11.2 per cent in 2015/16.
He says the decline has been particularly p더킹카지노ronounced in regional NSW, the heart of regional power supplies, where coal has fallen almost 60 per cent since 1998, and when coal-fired capacity has fallen by 42 per 더킹카지노cent in the same time.
Van Der Veen is one of several energy analysts who say that Australia may indeed be heading for a more expensive electricity supply, meaning more wind farms in NSW may be needed to meet the rising demand.
Dr Andrew Wilson is another researcher who recently analysed coal power costs. He says it is too soon to take too much comfort in the electricity sector and that the RET policy has not kept pace with technological advances since its inception.
“The best compliment I can giv