Alan Moran on the failure of green power in last week’s heatwave:
AEMO data shows that during heat wave conditions in the five days to 18 January this year, wind actually contributed 3 per cent of electricity supply across the Australian National Electricity Market. Nobody knows the contribution of roof top solar but it could not conceivably have been more than one per cent.
Overall, wind facilities amount to 3,300 megawatts of capacity, somewhat less than the Loy Yang brown coal power stations in Victoria or Macquarie Generation’s black coal facilities in the Hunter Valley. Windmills produced at an average of 23 per cent of their capacity during the January heat wave. This was below their year-long average of about 30 per cent because the hot spell, as is often the case, was characterised by still air…
The below par performance of windmills in high demand periods means they not only require a subsidy but are also less valuable than other plant because their availability is reduced when they are most needed and when the price is highest… Indeed, during the recent heat wave, wind power earned an average of $123 per megawatt hour in Victoria and $182 in South Australia while the average price was respectively $209 and $285 in the two states.
Investments in wind and other subsidised electricity generation, according to the renewable energy lobby group the Clean Energy Council, has been $18.5 billion. By contrast, the market value of comparable generating capacity in Macquarie Generation coal plants is said to be only $2 billion and a brand new brown coal plant of 3,300 megawatt capacity would cost less than $10 billion.
Wind aficionados claim that such costings do not take into account that wind is free whereas fossil fuel plants have to pay for their energy. But that is also untrue. Wind plant maintenance is about $12 per megawatt hour which is more than the fuel plus maintenance costs of a Victorian brown coal power station.