The Tassie electricity debt between hydro and network is ~$2.4Bn for population of 515,000 so for a family of four paying say $2,880 annual power bill the share of debt is $18,640. A major industry for Tasmania is extracting more money out of the Commonwealth – a task made easier by the infestation with Tas Senators due to our constitution. With the birth of the Snowy 2.0 pumped hydro concept so fawned over by PM Turnbull Tassie Hydro people saw in a flash that – “hey we can do that too” and with a few months at the desktop they assembled the Battery of the Nation concept. This RenewEconomy article is far from thralled and if they put a ? on it – really must be bad. They put the cost at ~$9Bn similar to Snowy 2.0 but of course way less efficient being on the end of ~650km of risky and energy wasting cable. RenewEconomy says ARENA is supporting but their www page shows no sign yet of Battery of the Nation. AEMO NEM Dispatch Overview – NemWatch – OpenNEM – NEMlog
That RenewEconomy article by Gilding would be the most negative assess of a renewables project I can recall. Usually they gush praise and ridicule coal and gas. Surprised it got past their censors.
Not a problem – send more GST.
Remember the blog Tasfintalk – by a Tasmanian economist.
I was reminded today of that which I recall now I did read back in early 2016 when the great Basslink outage was on. I was told of this recent commentary on Basslink
The case for Basslink? 20April18
John Lawrence says – “The short answer is no. It’s been a costly voyage into the unknown.” So he is saying Basslink has not been worth it.