- In short: A meltdown in the NSW electricity market has prompted warnings that Australia’s energy transition is off course.
- Sustained extraordinary costs earlier in the month forced the market operator to step in and cap prices in NSW.
- What’s next? A huge NSW coal plant will be kept online longer but there are worries about a shortage of new capacity.
Did I say that it is impossible? It is possible but take way too long and will cost too much. Not to mention huge environmental cost of renewables comparing to nuclear.