theluckycountry wrote:I didn't nail PeakSolar like I did PeakEV, I wasn't watching it, it was too convoluted and almost defied analysis.
Modern economics is shrouded in idiosyncratic self-serving definitions, arcane mathematics, and circular arguments which make it very difficult to understand. But once one gets the scorecard straight, it can be seen that modern economics is nothing more than a social imitation of nineteenth-century physics. Economists are trained to believe that "money" is to the economy what "energy" is to the physical world. This leads them to believe that whatever is "economically" possible is "physically" possible too. What economists fail to realize is that the economy is a subsystem of the physical system, and thus constrained by universal physical laws that they have not studied.
Since economists study the prices of everything, they feel they are qualified to issue opinions about everything. But the reality is quite the opposite. Economists first abstract all commodities to money -- which of course, obliterates all physical differences between the commodities themselves. This leaves economists uniquely unqualified to know the physical relationships between the commodities they purport to study. Because of their total dependence on the measure of "money", today's leading economists do not know the difference between "libraries" and "oil":
theluckycountry wrote:Modern economics is shrouded in idiosyncratic self-serving definitions, arcane mathematics, and circular arguments which make it very difficult to understand.
From the writings of Jay Hanson, 01/01/2000
The recent Iberian blackout was not caused by a failure of solar power generation, but rather by a voltage spike and subsequent grid instability that cascaded into a major outage. While solar farms were involved in the initial generation loss events, the root cause was a breakdown in how the electricity system was managed, not a fundamental flaw in renewable energy sources
https://meyka.com/blog/grid-collapse-in ... -failures/On April 28, 2025, a massive power outage swept across Spain and Portugal, leaving millions without electricity. Known as the Great Iberian Blackout, this event began just after noon and lasted ten hours. It exposed weaknesses in the power grid, tied to solar energy and cascade failures, making it a critical lesson for the future.
This blackout, the largest in Europe’s history, started with grid oscillations from a solar plant. Nearly 60% of Spain’s power came from solar at the time, but the system couldn’t handle it. We’ll explore what caused this power outage, its effects, and how to stop it from happening again...
At noon, solar output peaked. With 60% of the grid’s power from solar, the system needed balance it didn’t have. The lack of control fueled the cascade of failures.
https://meyka.com/blog/grid-collapse-in ... -failures/theluckycountry wrote:Grid Collapse in Iberia: Analyzing the 2025 Power Outage from Solar to Cascade Failures
https://www.energy.gov/articles/departm ... d-securityThe Department of Energy warns that blackouts could increase by 100 times in 2030 if the U.S. continues to shutter reliable power sources and fails to add additional firm capacity. The analysis reveals that existing generation retirements and delays in adding new firm capacity, driven by the radical green agenda of past administrations, will lead to a surge in power outages and a growing mismatch between electricity demand and supply...
https://www.energy.gov/articles/departm ... d-securitytheluckycountry wrote:Department of Energy Releases Report on Evaluating U.S. Grid Reliability and SecurityThe Department of Energy warns that blackouts could increase by 100 times in 2030 if the U.S. continues to shutter reliable power sources and fails to add additional firm capacity. The analysis reveals that existing generation retirements and delays in adding new firm capacity, driven by the radical green agenda of past administrations, will lead to a surge in power outages and a growing mismatch between electricity demand and supply...
https://www.rnz.co.nz/news/business/516 ... row-margin10 May 2024: National grid operator Transpower gave the industry less than 24 hours notice of the immediate risk of power cuts and blackouts, with a call for as much as power as possible and a warning to be ready to reduce demand. That was followed by the mid-afternoon public call for conservation or face the risk of power cuts.
In the end it got through with businesses and households delivering savings of about 260 megawatts (MW), equivalent to power that would have been consumed by Hamilton city. "It was colder than expected, so the response from Kiwis at home and our major industrial electricity users was essential to ensure that all New Zealanders had continuous access to power this morning," chief executive Alison Andrew said. But there were a few nervous moments as one plant went down on Thursday night, and a couple of the gas fired plants took time to get online.
A 1000kg shipment of tomatoes costs you $2/kg. $2000
@$4/kg you sell the whole 1000kg shipment in a few days. $2000 profit
@$10/kg you only sell 450kg but your profit is now 4500-2000-20 (for dumping) = $2480
Guest articles
9 Aug 2024
New Zealand has major problems with its power supply. There are three underlying reasons: the weather, a flawed electricity market and a drive for ‘net zero’. Sixty-five percent of New Zealand’s electricity is provided by hydropower, and the remainder by geothermal, gas, coal, wind and some solar. In a dry year, hydro’s ability to deliver falls away, and we lose about 10% of our generation. In the past, we always tried to have the reservoirs full by the end of summer to guard against this possibility. But, when we switched to an electricity market, this was forgotten.
This year, we failed to refill the reservoirs, and levels are now unusually low, and declining fast. They could bottom out if it does not rain heavily in the next month or so. The ability of our fossil fuel power stations to step into the gap has been severely restricted. We used to get 20% of our electricity from gas-fired power stations, but six years ago, as part of their decarbonisation policy, the previous government banned further exploration, and we are now desperately short of fuel. The new government is encouraging new exploration efforts, but it will be too little too late.
And the situation has been made worse by poor market design. New Zealand was one of the pioneers of electricity markets, and chose a risky model, which has proved to be seriously flawed – it has failed to deliver sufficient generating capacity to get us through a dry year.
As a result, the problems this year have led to wholesale market prices rising to ridiculous levels – as much as £1/kWh. This has already caused some factories to shut down; others are under threat. The politicians are beginning to realise that the energy crisis could have serious effects on consumers, and there is speculation that they will be forced to intervene. This could mean forcing our gas and coal-fired power stations to run flat out day and night – assuming they have got enough fuel, which is not at all certain. Failing this, the only solution in the short term may be rolling blackouts. That will cause major disruption all over the country.
How did we get here?
Firstly, the electricity market is simply not fit for purpose. The underlying propositions are that ‘electricity is a commodity like any other’ and that ‘when the price goes up, the demand goes down’. But electricity is not a commodity like any other, because it does not have an alternative good and it does not have significant price elasticity. So it isn't a market that Adam Smith would recognise. As two departing CEOs said, the way to make money in the market is to keep the system on the edge of a shortage. Which means that disaster is inevitable if a dry year occurs. An article I wrote that explains why the market is a failure can be found here. It recommends a single buyer market, a design which I believe would work because all it does is add genuine competition to the old integrated system, which did work quite well.
But another cause is the blind pursuit of ‘Net Zero’, which is what has driven the closing down of gas exploration and the desire to shut down our coal fired station, which, right now, is doing a vital job in keeping the lights on.
The long-term problem...
July 5, 2025 -- Are you paying more for your electricity? If so, you are not alone, as widespread price increases hit consumers across New Zealand. But why have people’s power bills gone up, and where is this money going? What’s going on?
Last year, the Commerce Commission announced it had agreed to increase revenue limits for national grid owner Transpower and local lines companies. The move, they said, was due to increasing costs for material and labour, higher interest rates, and rising levels of investment in the electricity network.
Consumer NZ told Stuff on Wednesday that, on average, electricity prices were 11% higher now than at the start of 2025, before the changes came in.
https://www.rnz.co.nz/news/business/516 ... row-margintheluckycountry wrote:How New Zealand...otherwise known as those folks with IQs 50 points higher than the prison colony descendants nearby, obviously got through the power supply threat by a narrow margin that would have killed all of the dunderheads in Australia.
theluckycountry wrote:The price of tomatoes are getting close to $10/kg, f onily we Aussies knew how to grew stuff, the prices we pay for things wouldn't be so awful.
https://www.stuff.co.nz/business/360744 ... bills-gone
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