Nick Young 1d ago

BOOM!
South Australia's power prices have plummeted as they near 100% renewables, proving to the world that relying on wind and solar with battery back-up is possible, more reliable and costs people less.

THIS is how we avoid the next oil crisis.

#EnergyRevolution #solar #renewables #australia #makeoilhistory #auspol #NZPol #NewZealand #iran

https://www.newscientist.com/article/2514985-this-states-power-prices-are-plummeting-as-it-nears-100-renewables/?utm_source=nickofnz&utm_medium=nickofnz

This state’s power prices are plummeting as it nears 100% renewables

South Australia is proving to the world that relying largely on wind and solar energy with battery back-up is incredibly cheap, with electricity prices tumbling by 30 per cent in a year and sometimes going negative

New Scientist
Show threadBaron Vonskinnback1d ago
@nickofnz this is a great start, but it doesn't replace packaging, fertiliser, petroleum byproducts that are used in virtually every production process on the planet, there is still a long way to go...
Show threadHoward Chu @ Symas1d ago
@Vonskinnback @nickofnz when you stop burning petroleum as fuel, the amount available for chemical/industrial uses increases. According to wikipedia, currently 84% of petroleum produced globally is burned as fuel. Eliminate that and other use cases get 5x cheaper.
Show threadLovesTha🥧20h ago
@hyc @Vonskinnback @nickofnz that isn't how price/demand curves work, they aren't purely linear.
If nothing else most oil mined today has a unit cost price will above that price, so if that is the price supply plummets.
Show threadHoward Chu @ Symas19h ago
@LovesTha @Vonskinnback @nickofnz even so, that's not what's really important. What's important is that the remaining supply will last 5x longer if we stop burning so much of it.
Show threadLovesTha🥧
@hyc @Vonskinnback @nickofnz And while plastics are an issue themselves, they are a problem on a slower burn than climate, so still a net benefit.
Apr 13 at 2:17amWeb