{"id":93872,"date":"2022-06-17T18:41:06","date_gmt":"2022-06-17T18:41:06","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=93872"},"modified":"2022-06-17T18:41:06","modified_gmt":"2022-06-17T18:41:06","slug":"may-day-worldwide-the-energy-crisis-in-australia-today-by-michael-roberts","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/may-day-worldwide-the-energy-crisis-in-australia-today-by-michael-roberts\/","title":{"rendered":"May Day Worldwide? The Energy Crisis in Australia Today-by Michael Roberts"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"font-size: 24px; color: #000000;\">May Day Worldwide? The Energy Crisis in Australia Today-by Michael Roberts<\/span><\/h1>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-88737\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2022\/03\/Michael-Roberts-eLanka.jpg\" alt=\"Michael Roberts\" width=\"160\" height=\"184\" \/><\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-93873\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2022\/06\/Australia-heavily-relies-on-gas-and-coal-but-is-shifting-towards.jpg\" alt=\"Australia heavily relies on gas and coal but is shifting towards\" width=\"417\" height=\"275\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\"><strong><span class=\"_2Li3P\">Australia heavily relies on gas and coal but is shifting towards renewables.<\/span><cite class=\"ojLwA\"><span class=\"_30ROC\">CREDIT:<\/span>GETTY<\/cite><\/strong><\/span><\/p>\n<p><strong><span style=\"font-size: 16px; color: #800080;\">Source:<\/span><\/strong><span style=\"color: #000000;\"><a style=\"color: #000000; font-size: 16px;\" href=\"https:\/\/thuppahis.com\/2022\/06\/17\/may-day-worldwide-the-energy-crisis-in-australia-today\/\" target=\"_blank\" rel=\"noopener noreferrer\">Thuppahis<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Editorial in THE AGE, 17 June 2022, \u2026.\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/national\/energy-crisis-should-hasten-push-into-renewables-20220617-p5auk5.html\" rel=\"nofollow\">https:\/\/www.theage.com.au\/national\/energy-crisis-should-hasten-push-into-renewables-20220617-p5auk5.html<\/a><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">If anything good has come out of\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5at85\">this week\u2019s energy crisis<\/a>\u00a0it is the realisation that our electricity market is no longer fit for purpose \u2013 that after years of inaction we have finally been found out. The question is: what, exactly, can be done?<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">It\u2019s well known now that the crisis \u2013\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5aubn\">which threatened blackouts across the eastern states<\/a>\u00a0and will no doubt be felt in our energy bills in coming months \u2013 was the result of a \u201cperfect storm\u201d of unlikely factors. Among them was the jump in coal and gas prices caused by the war in Ukraine; the east coast cold snap; floods at coal mines; maintenance outages at half a dozen major coal-fired power stations; some complex machinations in the national energy market; and, an unlikely villain, clouds, which reduced the generation of solar energy.<\/span><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">What we learnt in the meantime was how fragile the national network has become. Coal-fired power plants, the workhorses of the system, are getting older, and underinvestment in their upkeep shows up in failures and long repair times. The gas generators that take over some of their load are now hostage to international price spikes, and supply from renewables, though cheap, is intermittent. All of this has prompted\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5atyk\">extraordinary interventions from the national regulator<\/a>\u00a0to keep the lights on.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">As business columnist Stephen Bartholomeusz wrote this week,\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5au3i\">none of this should have come as a surprise<\/a>. It\u2019s the result of \u201cmore than a decade of neglect, political impasses and the internal wrangling and consequent inertia within the Coalition government that was in power for most of that period\u201d.<\/span><\/p>\n<div class=\"ymInT noPrint _3by58\" style=\"text-align: justify;\" data-testid=\"related-story\">\n<div class=\"_15r1L KrNcv _1JYfJ\" data-an-position=\"1\" data-testid=\"story-tile\" data-pb-type=\"st\">\n<div class=\"_1YzQk _1PorT\">\n<h3 class=\"_2XVos\" data-testid=\"article-headline\" data-pb-type=\"hl\"><span style=\"font-size: 16px; color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/business\/the-economy\/our-energy-crisis-has-been-a-decade-in-the-making-don-t-expect-a-quick-fix-20220616-p5au3i.html\" data-an-name=\"related article widget\" data-testid=\"article-link\">Our energy crisis has been a decade in the making. Don\u2019t expect a quick solution<\/a><\/span><\/h3>\n<div class=\"_8SnR- _1TuqJ _3WqBN\" data-pb-type=\"au\"><span style=\"font-size: 16px; color: #000000;\"><a class=\"_3WFpL\" style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/by\/stephen-bartholomeusz-h0yjtd\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"_3GkR2 jetpack-lazy-image jetpack-lazy-image--handled\" src=\"https:\/\/static.ffx.io\/images\/$width_40%2C$height_40\/t_crop_fill\/q_86%2Cf_auto\/6a91e35c720253d1f10c275576e4b1125cea8b68\" srcset=\"https:\/\/static.ffx.io\/images\/$width_40%2C$height_40\/t_crop_fill\/q_86%2Cf_auto\/6a91e35c720253d1f10c275576e4b1125cea8b68, https:\/\/static.ffx.io\/images\/$width_80%2C$height_80\/t_crop_fill\/q_86%2Cf_auto\/6a91e35c720253d1f10c275576e4b1125cea8b68 2x\" alt=\"Stephen Bartholomeusz\" width=\"40\" height=\"40\" data-lazy-loaded=\"1\" \/><\/a><strong><a style=\"color: #000000;\" title=\"Articles by Stephen Bartholomeusz\" href=\"https:\/\/www.theage.com.au\/by\/stephen-bartholomeusz-h0yjtd\">Stephen Bartholomeusz \u2026\u2026\u2026\u2026\u2026.<\/a>Senior business columnist<\/strong><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Those on the right are clinging to the old playbook, with\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5aubr\">Opposition Leader Peter Dutton claiming the crisis occurred<\/a>\u00a0because the power industry had been \u201cspooked\u201d by the ALP\u2019s plans to promote renewables \u201ctoo quickly\u201d. Nationals leader David Littleproud floated nuclear power (<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5asxj\">a debate we perhaps should have again, but which will not solve today\u2019s pressing problems).<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Prime Minister Anthony Albanese, meantime, is clearly hoping the electorate blames the previous government, telling\u00a0<em>Sunrise<\/em>\u00a0on Friday \u201cyou can\u2019t fix 10 years of inaction in just 10 days\u201d. Yet the blame game will quickly grow stale, especially if there are further threats to our power supply. We want somebody to talk about solutions.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Short term, government and regulatory intervention in the free market, while a little alarming, is clearly necessary. The\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5aucb\">Australian Energy Market Operator<\/a>\u00a0this week showed it at least works as a mechanism of last resort, when it first capped the price of electricity, then directed recalcitrant suppliers to generate power, then suspended the spot market entirely.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The NSW government, meanwhile, has\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5auf4\">been granted emergency powers to secure supplies of coal if necessary<\/a>. And talks continue about our gas exports, with an \u201cagitated\u201d federal Industry and Science Minister Ed Husic telling the ABC on Friday we should consider a domestic gas reserve, as has\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5au8q\">apparently been implemented<\/a>\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5au8q\">successfully\u00a0<\/a>in Western Australia.<\/span><\/p>\n<div class=\"ymInT noPrint _3by58\" style=\"text-align: justify;\" data-testid=\"related-story\">\n<div class=\"_15r1L KrNcv _1JYfJ\" data-an-position=\"1\" data-testid=\"story-tile\" data-pb-type=\"st\">\n<div class=\"_1YzQk _1PorT\">\n<div class=\"_8SnR- _1TuqJ _3WqBN\" data-pb-type=\"au\"><span style=\"font-size: 16px; color: #000000;\"><a class=\"_3WFpL\" style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/by\/david-crowe-h0waa9\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"_3GkR2 jetpack-lazy-image jetpack-lazy-image--handled\" src=\"https:\/\/static.ffx.io\/images\/$width_40%2C$height_40\/t_crop_fill\/q_86%2Cf_auto\/64ce109be56ceea0d7f4eb381757b1cddf9ee9b3\" srcset=\"https:\/\/static.ffx.io\/images\/$width_40%2C$height_40\/t_crop_fill\/q_86%2Cf_auto\/64ce109be56ceea0d7f4eb381757b1cddf9ee9b3, https:\/\/static.ffx.io\/images\/$width_80%2C$height_80\/t_crop_fill\/q_86%2Cf_auto\/64ce109be56ceea0d7f4eb381757b1cddf9ee9b3 2x\" alt=\"David Crowe\" width=\"40\" height=\"40\" data-lazy-loaded=\"1\" \/>\u00a0\u00a0<\/a><strong><a style=\"color: #000000;\" title=\"Articles by David Crowe\" href=\"https:\/\/www.theage.com.au\/by\/david-crowe-h0waa9\">David Crowe \u2026\u2026\u2026..<\/a>Chief political correspondent:\u00a0<\/strong><a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/politics\/federal\/albanese-did-not-create-the-energy-crisis-but-he-will-have-to-fix-it-20220616-p5aubn.html\" data-an-name=\"related article widget\" data-testid=\"article-link\">\u201cAlbanese did not create the energy crisis, but he will have to fix it<\/a><\/span><\/div>\n<div class=\"_8SnR- _1TuqJ _3WqBN\" data-pb-type=\"au\"><span style=\"font-size: 16px; color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/politics\/federal\/albanese-did-not-create-the-energy-crisis-but-he-will-have-to-fix-it-20220616-p5aubn.html\" data-an-name=\"related article widget\" data-testid=\"article-link\">\u201c<\/a><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"_1MQMh jetpack-lazy-image jetpack-lazy-image--handled alignleft\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.1711%2C$multiply_0.2842%2C$ratio_1.777778%2C$width_1059%2C$x_0%2C$y_75\/t_crop_custom\/q_86%2Cf_auto\/21435e32d105de30336696f16ab9bc280d97d15c\" srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.1711%2C$multiply_0.2842%2C$ratio_1.777778%2C$width_1059%2C$x_0%2C$y_75\/t_crop_custom\/q_86%2Cf_auto\/21435e32d105de30336696f16ab9bc280d97d15c, https:\/\/static.ffx.io\/images\/$zoom_0.1711%2C$multiply_0.5685%2C$ratio_1.777778%2C$width_1059%2C$x_0%2C$y_75\/t_crop_custom\/q_62%2Cf_auto\/21435e32d105de30336696f16ab9bc280d97d15c 2x\" alt=\"Prime Minister Anthony Albanese.\" width=\"155\" height=\"87\" data-lazy-loaded=\"1\" \/><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">In an ideal world, governments should not be meddling in the business of wholesale energy production. Rather, they should provide a workable and stable framework into which the industry generators can supply.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Coal is back in the spotlight but it remains a twilight industry, according to\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5au9d\">Tony Wood, energy director at the Grattan Institute<\/a>, who told this masthead, \u201cThere was no point at which building a new coal-fired power station could have solved the problem. And, of course, it would have become a stranded asset pretty quickly that was outcompeted by cheaper renewables.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Meddling with our gas exports risks harming our international reputation and would impact export income. And the regulator doesn\u2019t want to be giving orders to producers for any longer than emergency conditions dictate.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Longer term, as we have argued previously, and\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-p5au9j\">as various market players agree<\/a>, there is no reason why the bulk of our power can\u2019t come from renewables \u2013 solar, wind, hydro \u2013 backed up by batteries, hydrogen (once we work out how to do it) and, for the time being, gas. Only in this way can Australia meet\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.smh.com.au\/environment\/climate-change\/there-s-no-achievable-national-climate-target-without-wa-action-ending-collie-coal-is-just-the-start-20220609-p5asmo.html\">the government\u2019s commitment to reduce carbon emissions by 43 per cent below 2005 levels by 2030<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>May Day Worldwide? The Energy Crisis in Australia Today-by Michael Roberts Australia heavily relies on gas and coal but is shifting towards renewables.CREDIT:GETTY Source:Thuppahis Editorial in THE AGE, 17 June 2022, \u2026.\u00a0https:\/\/www.theage.com.au\/national\/energy-crisis-should-hasten-push-into-renewables-20220617-p5auk5.html If anything good has come out of\u00a0this week\u2019s energy crisis\u00a0it is the realisation that our electricity market is no longer fit for purpose [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":93873,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20,42710],"tags":[29441],"class_list":{"0":"post-93872","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"category-michael-roberts","9":"tag-michael-roberts","10":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>May Day Worldwide? 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