14
The big battery being used to push electricity prices to the market cap | RenewEconomy
(reneweconomy-com-au.cdn.ampproject.org)
this post was submitted on 03 Jul 2023
14 points (100.0% liked)
Australia
3649 readers
41 users here now
A place to discuss Australia and important Australian issues.
Before you post:
If you're posting anything related to:
- The Environment, post it to Aussie Environment
- Politics, post it to Australian Politics
- World News/Events, post it to World News
- A question to Australians (from outside) post it to Ask an Australian
If you're posting Australian News (not opinion or discussion pieces) post it to Australian News
Rules
This community is run under the rules of aussie.zone. In addition to those rules:
- When posting news articles use the source headline and place your commentary in a separate comment
Banner Photo
Congratulations to @[email protected] who had the most upvoted submission to our banner photo competition
Recommended and Related Communities
Be sure to check out and subscribe to our related communities on aussie.zone:
- Australian News
- World News (from an Australian Perspective)
- Australian Politics
- Aussie Environment
- Ask an Australian
- AusFinance
- Pictures
- AusLegal
- Aussie Frugal Living
- Cars (Australia)
- Coffee
- Chat
- Aussie Zone Meta
- bapcsalesaustralia
- Food Australia
- Aussie Memes
Plus other communities for sport and major cities.
https://aussie.zone/communities
Moderation
Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.
Additionally, we have our instance admins: @[email protected] and @[email protected]
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Can someone dumb down the article for someone who isn't an electrical engineer?
Power prices fluctuate. If more power is needed than is supplied, prices will go up until either someone reduces their demand, or someone generates more power.
Some companies are deliberately waiting for extra high prices before they start delivering more power, and now they are doing the same with batteries.
They could be supplying the power much earlier and cheaper with batteries (unlike peaker plants that cost a lot to operate), but they just decided not to.
Batteries are not the problem, it's the companies who are using them for profit instead of for grid stability.
Sounds like power generation and storage needs to be nationalised. Let the private companies fight over providing to the last mile.
I look forward to the SEC going right up their arse