There is good news out today about the big, big shift from coal and gas to renewables! (It's news today because a major report came out from the Aus energy market operator.)
The following applies to the electricity grid covering Vic, Tas, SA, NSW, Qld but the news is also good for the WA grid.
(I pinched this summary from the Grattan Institute, removed some jargon and added some explanation.)
Renewables are up, fossil fuels down, emissions down, prices down.
Renewables met 51% of all electricity demand, a record high. Record output from rooftop solar and home batteries. Record output from wind (up 29% compared to a year ago) and large-scale solar (up 15%). Big battery discharge tripled.
Gas power generation at its lowest point since 2000. If, as the gas ads tell you, gas is needed to firm renewables, why is gas going down while renewables go up?
Coal power at its lowest point ever and emissions (climate pollution per unit of electricity) are at a record low.
Wholesale prices are down 44% to $50/MWh. The equal cheapest prices were in renewable-heavy SA at $37/MWh. More renewables + less gas = cheaper.
Gas consumption is down 3%. Queensland gas exports are down 10 PJ. Gas demand for electricity generation down 6 PJ. Gas production down in all regions.
These numbers indicate very, very rapid change in the good direction!
