Qld Premier Annastacia Palaszczuk steps up state investment in wind and solar   :)

As the cheapest forms of energy, wind and solar will help cut power prices when fully integrated into the grid.   :)

New Daily
Jun 3 2023

Labor has used a pitch to the party faithful in Queensland to unveil its first tranche of spending from a federal disaster recovery fund and a state push to build more publicly owned wind and solar farms.

Premier Annastacia Palaszczuk on Saturday announced $500m in funding to create 2.3 gigawatts of renewable energy sources to be developed by government-run energy company CleanCo.

She told the Queensland Labor conference in Mackay the state would maintain majority ownership of its power assets during the energy transition and the measure would be enshrined in laws brought to parliament by the end of the year.

Federal treasurer Jim Chalmers announced $20 million from the Commonwealth disaster fund would go towards extending the Queensland household resilience program for another three years.

“This will allow up to 1100 more homes in regional Queensland to be made more disaster-resilient, helping to limit the damage when storm season rolls around,” he said.

whiteknight wrote on Jun 4^th, 2023 at 11:32am:

“This will allow up to 1100 more homes in regional Queensland to be made more disaster-resilient, helping to limit the damage when storm season rolls around,” he said.

The storms that can kill solar panels and cause wind turbines to be feathered? ::)

Cheaper?

https://i0.wp.com/wattsupwiththat.com/wp-content/uploads/2023/06/lazard-only.png

But Lazard doesn't include multiple costs. Balancing, Backup, Grid Connection.

https://i0.wp.com/wattsupwiththat.com/wp-content/uploads/2023/06/lazard-plus-original.png

The Lazard folks themselves say
“Direct comparisons to “competing” renewable energy generation technologies must take into account issues such as dispatch characteristics (e.g., baseload and/or dispatchable intermediate capacity vs. those of peaking or intermittent technologies).”

https://www.lazard.com/media/2ozoovyg/lazards-lcoeplus-april-2023.pdf

Houses all over town here seem to have solar panels on their rooftops. Apart from the enforce 2 week power cut, when Cyclone Marcia came through Rockhampton, I cannot remember a time when we had a prolonged blackout/brownout with the overconsumption of power from the grid. People's solar panels have reduced the demand for power from power stations. That also may account for my relatively cheaper power bills, compared with 20 years ago.