Electricity Costs: How About $9,000/MWh; That's A Bargain, It's Going To Hit $10,000/MWh; Later, $14,000/MWh -- The Road To Australia -- January 18, 2018

This is truly unbelievable. A reader alerted me to this with this message last night.

104 F degrees in Adelaide now, expected to be 103 F as the sun goes down in a few hours which will neutralize extensive rooftop solar in the region.

Tomorrow looks to be equally hot. 

Grid operator AEMO, has taken steps to obfuscate easy data gathering from site. 

These folks are just crazy to go down this path (renewable energy -- solar).

For those folks who want to see where California is headed with its most recent order affecting PG&E, just look at these charts.

Remember, in North Dakota, electricity costs, I suppose, are about $30/MWh, although I have not checked in a long, long time. $30/MWh vs $14,000/MWh for spot electricity.

I said I would check out "ISO" Australia in the morning. Well, here the screenshots taken just a few minutes ago.

$9,014/MWh:

$10,029/MWh:

$14,166/MWh:

I assume Apple won't be putting any server farms in Australia any time soon.

Elon Musk can't get his batteries to Australia fast enough. But, of course, the batteries are only to mitigate black-outs that might last minutes. His batteries will do nothing for the price of spot electricity in south Australia. Wow, what a mess.

The good news: Australians don't have to pay this price for electricity. They can simply turn everything off.

Even during the worst days during the cold snap in New England, spot prices seldom went above $500/MWh. Earlier this morning, spot prices in New England spiked to $450/MWh.