In the last month, power shortages caused by a lack of dispatchable energy have forced New South Wales (NSW) Tomago Aluminium smelter to halt operations on several occasions. The smelter is one of Australasia’s largest, contributing $1.5 (US$1.2) billion per year to the Australian economy and producing 25 percent of Australia’s primary aluminium. Tomago was forced to power down several times after a lack of energy capacity saw prices skyrocket and, according to Australian Energy Market Operator data, reached a peak of over $7,650 (US$5,940) per megawatt hour so far this month. This is a staggering 18,000% increase over the median price of around $42. Tomago chief executive Matt Howell told The Daily Telegraph that they were forced to repeatedly power down because they couldn’t afford the price. Howell attributed the spiking energy prices to a lack of reliable supply when the grid relied heavily on renewable energy. “No one disputes …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta