Oct 22, 2020
Solar and Covid lead change as grid demand, prices and emissions tumble to record lows
Posted by Raphael Ramos in categories: biotech/medical, energy
Rooftop solar, Covid and more large scale renewables push Australia’s main grid to record low levels of demand and emissions intensity, and the lowest prices in years.
The combined impact of growing rooftop solar and the Covid-19 pandemic – along with the continued influx of large scale wind and solar – has create a suite of new records in Australia’s electricity grids in the September quarter, sending demand, emissions and prices to new lows.
The latest Quarterly Energy Dynamics for the September quarter, compiled by the Australian Energy Market Operator, also noted record highs for wind and solar output, which along with falling gas prices and cut-price bidding by coal generators trying to stay competitive led to the lowest wholesale prices in more than five years, and in some cases, record low prices.