So renewables are wonderful, clean and cheap but your workers, assets and capital will sometimes need to sit around and do nothing so we can stop some storms in the 22nd century.
Last Wednesday, during the near-miss of a blackout in Sydney, the AEMO spent $3,558,000 on "demand reduction" which means they paid productive industries to stop working to save the grid from a blackout. Translated: poor electricity users in New South Wales paid $3.5 million to businesses to do nothing, because the grid didn't have enough energy, and the people in charge really didn't want any embarrassing blackouts so close to an election.
So renewables are wonderful, clean and cheap but your workers, assets and capital will sometimes need to sit around and do nothing so we can stop some storms in the 22nd century....<<<Read More>>>...