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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

Istanbul

 

 

Or coming down to earth...

 

When I was a boy, Turkey was mysterious and exotic place to me. They were not Christians there; they ate strange food; and wore strange clothes. There was something called a ‘bazaar’ where white women were kidnapped and sold into white slavery. Bob Hope and Bing Crosby, or was it Errol Flynn, got into all sorts of trouble there with blood thirsty men with curved swords. There was a song on the radio that reminded me over and over again that ‘It’s Istanbul not Constantinople Now’, sung by The Four Lads, possibly the first ‘boy band’.

 

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Fiction, Recollections & News

The Meaning of Death

 

 

 

 

 

 

'I was recently restored to life after being dead for several hours' 

The truth of this statement depends on the changing and surprisingly imprecise meaning of the word: 'dead'. 

Until the middle of last century a medical person may well have declared me dead.  I was definitely dead by the rules of the day.  I lacked most of the essential 'vital signs' of a living person and the technology that sustained me in their absence was not yet perfected. 

I was no longer breathing; I had no heartbeat; I was limp and unconscious; and I failed to respond to stimuli, like being cut open (as in a post mortem examination) and having my heart sliced into.  Until the middle of the 20th century the next course would have been to call an undertaker; say some comforting words then dispose of my corpse: perhaps at sea if I was travelling (that might be nice); or it in a box in the ground; or by feeding my low-ash coffin into a furnace then collect the dust to deposit or scatter somewhere.

But today we set little store by a pulse or breathing as arbiters of life.  No more listening for a heartbeat or holding a feather to the nose. Now we need to know about the state of the brain and central nervous system.  According to the BMA: '{death} is generally taken to mean the irreversible loss of capacity for consciousness combined with the irreversible loss of capacity to breathe'.  In other words, returning from death depends on the potential of our brain and central nervous system to recover from whatever trauma or disease assails us.

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Opinions and Philosophy

On Hume and Biblical Authority

 

 

2011 marks 300 years since the birth of the great David Hume.  He was perhaps the greatest philosopher ever to write in the English language and on these grounds the ABC recently devoted four programs of The Philosopher’s Zone to his life and work.  You will find several references to him if you search for his name on this website. 

 

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