I am back to writing again, I am recovering from my cancer treatment, I now have the energy to write, but I can't do much else yet, so I have lots of spare time on my hands.
Here's my latest on the real cost of UK electricity
johnd12343.substack.com/p/uk-electri...
Solar and wind, over which we have no control and which can fail at any time, do not add to energy security.
That would be a disaster for everyone, there would be no control over how much is generated and no way to balance supply and demand. Grid failure would be certain.
What if you are using the car during the day and you need to do the charging at night? How does the Aussie sunshine work at night?
People have built huge cities in the desert and irrigated the land to grow food, taking water from rivers and aquifers. What should we expect to happen?
It would be better to have them pay for the grid upgrades then we all share the benefits.
If you plug last quarters numbers into a spreadsheet, then adjust for lower sales, you get $0.13 per share GAAP versus analyst estimates of $0.24 and up.
Unless Musk does some serious manipulations, we are looking at a big miss on earnings Wednesday.
It hasn't replaced any coal plants, the coal plants still exist because in Germany solar farms only produce 10% of their rated capacity and produce less than 3% in winter when power demand is it's highest.
Even the Financial Times has been fooled by the rhetoric coming from Ed Milliband et al.
I am surprised they didn't research the subject more deeply, to find out how CFD contracts work and what the real driver of high electricity prices has been.
Follow David Turver on substack for detailed info.
There is no way to make them look anything but ugly, so if you are going to change the appearance, you might as well aim for as ugly as possible.
The auction market gives renewables priority access to the grid. They bid low prices, knowing that the price set by the auction will be topped up to their CFD contract price by subsidies.
The false claim that gas sets the price is a ploy to shift the blame for high prices onto gas.
Do you think those metals are sitting around in cars that you can just take away?
You might be able to steal some copper cable, but the other metals are distributed in tiny quantities inside the equipment, you would need to take the whole data centre to get them.
If gas is used to generate electricity there must always be a link between the price of gas and the price of gas generated electricity.
There is not, and never has been link link between the price of gas and the price of renewables. Renewables are sold at fixed prlces unrelated to the price of gas.
China built 161 Gw of coal-fired power plants last year
And if NSW and Queensland are relying on wind and solar?
Batteries are a short term storage solution, compensating for daily variations at best, they can never fully cover seasonal and multi-year variations or extreme weather events.
It has nothing to with "beyond the needed profit". The free electricity avoids paying the wind/solar companies to turn power off.
The wind/solar companies are paid for power they don't generate if asked to turn off. The consumer pays.
It can only work if prices are increased at other times.
If the renewable power is given away, who pays for the wind turbines and the solar panels?
It's the renewables that are driving the costs higher.
Yes, it is the wrong move. He is trying to buy popularity using taxpayer dollars.
How will it work if Victoria builds solar and closes their coal plants, leaving South Australia with no one to buy their surplus power during the day, and no means of keeping the lights on at night?
South Australia imports coal fired power from Victoria most nights to keep the lights on, and those people without rooftop solar are paying extortionate prices for power to maintain a grid because rooftop solar users don't pay their share.
More useless wind and solar to push our electricity bills up. Didn't Ontario learn anything from the last boondoggle which cost us $65 billion for no material benefit?
Denmark is part of a larger European grid, it is only able to achieve high levels of wind power because it can export to its neighbors in times of high wind and import when the wind isn't blowing.
If neighbouring countries were also as dependent on wind,the whole grid would collapse.
Data centers should be good for the grid because they use a relatively constant stream of power 24/7. The use of the grid's resources should therefore be more efficient. However, grids need to be expanded to accommodate them, and the expansion needs to be baseload not intermittent wind and solar.
Both sides claim victory in the US/Iran war.
But, as in all wars, both sides lost.
Iran lost more than 1,000 people and suffered a lot of destruction.
The US spent $ billions, lost aircraft and personnel and most of its Middle East bases. The straits will open, but they were open before the war.
Most Norwegians live in the south of the country, where it is not nearly as cold as parts of Canada.
Offsetting the lower fuel costs are the higher initial cost, depreciation, interest if financed, plus insurance.
My hybrid gets 45 mpg and I drive about 8k miles per year.
If the cost of EVs drops to less than the cost of equivalent ICE, I may consider one but for now the economics favor the hybrid.
I can't imagine any Hungarians falling for this nonsense, I am sure the vast majority want to remain tied to Europe rather than aligning with the Russians.
China is also adding coal plants at an alarming rate, 161 GW last year.
The problem with that is that it isn't cost effective. UK consumers already pay more for wind power than they pay for gas. That will get worse as more wind is added, increasing standby and balancing costs, adding expensive storage and paying wind farms to shut down when supply exceeds demand.