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As the energy is essentially free, renewable electricity costs, like those of nuclear electricity, are almost entirely dependent on the up-front construction costs and the method of financing these.  Minimising the initial investment, relative to the expected energy yield, is critical to commercial viability.  But revenue is also dependent on when, and where, the energy can be delivered to meet the demand patterns of energy consumers.

For example, if it requires four times the capital investment in equipment to extract one megawatt hour (1 MWh) of useable electricity from sunlight, as compared to extracting it from wind, engineers need to find ways of quartering the cost of solar capture and conversion equipment; or increasing the energy converted to electricity fourfold; to make solar directly competitive.

Similarly if a technology produces electricity when consumers don’t want it; or produces it so far from the consumer that most of it is lost in transmission; then the revenue available will be proportionately less than a similar investment that better matches demand; or is located close to where it is consumed.

 

In most developed nations, including Australia, electricity is a traded product with the market price fluctuating from hour to hour; day to day; season to season; in five minute intervals, according to supply and demand.

 

Without government intervention in the market, supply and demand determines the return that is available to an investment; while the engineering solution and qualities of the resource determine the energy that a particular investment can theoretically deliver.

 

Before intervention, current renewable technologies, with the exception of hydro- electricity, are substantially less competitive, in terms of return on investment, than fossil fuels or nuclear electricity.  It follows that wherever alternatives are in use there are other factors at play: such as the cost or practicality of a grid connection; or a government intervention in support of renewables.

In Australian electricity markets this intervention takes the form of Renewable Energy Certificates (RECs) described later. Other governments have other instruments such as cap and trade carbon reduction schemes; carbon taxes; energy buy-back schemes; and tax breaks; to achieve similar ends.

 

In Australia grid losses are of particular concern. Australia’s population of just over 21 million is highly concentrated in a few large cities; just eight cities accounting for over 70% of the population. The largest Sydney; Melbourne; Brisbane; Perth and Adelaide account for 63% but are separated by distances of between 670 and 3,600 km; ‘as the crow flies’. This is similar to the continental USA and a substantially greater area than the entire EEC.

Transmitting electricity over such distances results in significant losses.  The market price received by a generator is therefore influenced by transmission costs and the point on the grid into which electricity generated is injected.  A renewable energy project remote from the points of high demand will receive a lower price than one adjacent. 

Very high voltage DC (HVDC) technology can reduce the net grid loss problem over long distances, and this is in use for links to Tasmania and South Australia, but it adds at least two costly voltage translations and the additional capital cost, together with the low capacity factor of wind and solar, precludes its use in most, if not all renewables dedicated situations.

 

Even with the present substantial and probably increasing REC cross-subsidies from electricity consumers, transmission factors limit the economic distance an exploitable wind or solar resource can be from the main electricity grid and electricity consumers.

 

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Travel

Hong Kong and Shenzhen China

 

 

 

 

 

Following our Japan trip in May 2017 we all returned to Hong Kong, after which Craig and Sonia headed home and Wendy and I headed to Shenzhen in China. 

I have mentioned both these locations as a result of previous travels.  They form what is effectively a single conurbation divided by the Hong Kong/Mainland border and this line also divides the population economically and in terms of population density.

These days there is a great deal of two way traffic between the two.  It's very easy if one has the appropriate passes; and just a little less so for foreign tourists like us.  Australians don't need a visa to Hong Kong but do need one to go into China unless flying through and stopping at certain locations for less than 72 hours.  Getting a visa requires a visit to the Chinese consulate at home or sitting around in a reception room on the Hong Kong side of the border, for about an hour in a ticket-queue, waiting for a (less expensive) temporary visa to be issued.

With documents in hand it's no more difficult than walking from one metro platform to the next, a five minute walk, interrupted in this case by queues at the immigration desks.  Both metros are world class and very similar, with the metro on the Chinese side a little more modern. It's also considerably less expensive. From here you can also take a very fast train to Guangzhou (see our recent visit there on this website) and from there to other major cities in China. 

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Fiction, Recollections & News

Recollections of 1963

 

A Pivotal Year

It appears that the latest offering from Andrew Lloyd Webber: Stephen Ward, the Musical, has crashed and burned after four months in London.

On hearing this I was reminded of 1963,  the year I completed High School and matriculated to University;  the year Bob Dylan became big; and Beatle Mania began. 

The year had started with a mystery the Bogle-Chandler deaths in Lane Cove National Park in Sydney that confounded Australia. Then came Buddhist immolations and a CIA supported coup and regime change in South Vietnam that was the beginning of the end for the US effort. 

Suddenly the Great Train Robbery in Britain was headline news there and in Australia. One of the ringleaders, Ronnie Biggs was subsequently found in Australia but stayed one step of the authorities for many years.

The 'Space Race' was underway with the USSR holding their lead by putting the first female Cosmonaut into obit. The US was riven with inter-racial hostility and rioting.  But the first nuclear test ban treaties were signed and Vatican 2 made early progress, the reforming Pope John 23 unfortunately dying mid year.

Towards year's end, on the 22nd of November, came the Kennedy assassination, the same day the terminally ill Aldus Huxley elected to put an end to it.

But for sex and scandal that year the Profumo affair was unrivalled.

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Opinions and Philosophy

Losing my religion

 

 

 

 

In order to be elected every President of the United States must be a Christian.  Yet the present incumbent matches his predecessor in the ambiguities around his faith.  According to The Holloverse, President Trump is reported to have been:  'a Catholic, a member of the Dutch Reformed Church, a Presbyterian and he married his third wife in an Episcopalian church.' 

He is quoted as saying: "I’ve had a good relationship with the church over the years. I think religion is a wonderful thing. I think my religion is a wonderful religion..."

And whatever it is, it's the greatest.

Not like those Muslims: "There‘s a lot of hatred there that’s someplace. Now I don‘t know if that’s from the Koran. I don‘t know if that’s from someplace else but there‘s tremendous hatred out there that I’ve never seen anything like it."

And, as we've been told repeatedly during the recent campaign, both of President Obama's fathers were, at least nominally, Muslim. Is he a real Christian?  He's done a bit of church hopping himself.

In 2009 one time United States President Jimmy Carter went out on a limb in an article titled: 'Losing my religion for equality' explaining why he had severed his ties with the Southern Baptist Convention after six decades, incensed by fundamentalist Christian teaching on the role of women in society

I had not seen this article at the time but it recently reappeared on Facebook and a friend sent me this link: Losing my religion for equality...

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