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Old 02-24-2019, 05:06 PM   #5107 (permalink)
RedDevil
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Quote:
Originally Posted by sendler View Post
Yes the BigF'nBattery is a gold mine for it's owner's. It is making a fortune off of the backs of the consumers due to the extremely high volatility of the electricity pricing in South Australia due to having prematurely retired too much of their thermal generation. ,,, ,,, ,,,
You should really actually read that link about the Hornsdale battery.
Neoen used the battery to break the monopoly of the emergency gas generation kartel that drove the electricity price up more than 10,000% over cost price during planned shutdowns, saving them millions each time and $40 million over the first year alone.
Quote:
Has contributed to the removal of the requirement for a 35 MW local Frequency Control Ancillary Service (FCAS), saving nearly $40 million per year in typical annual costs
Has reduced the South Australian regulation FCAS price by 75% while also providing these services for other regions
Provides a premium contingency service with response time of less than 100 milliseconds
Helps protect South Australia from being separated from the National Electricity Market
Is key to the Australian Energy Market Operator’s (AEMO) and ElectraNet’s System Integrity Protection Scheme (SIPS) which protects the SA-VIC Heywood Interconnector from overload.
That's not making a fortune off the backs of consumers. That instead is lowering electricity costs while providing a much more reliable service.

It has a ROI rate of less than 20 months...
That's the whole point. Nothing in the power supply industry comes close. It just works.
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For confirmation go to people just like you.
For education go to people unlike yourself.

Last edited by RedDevil; 02-24-2019 at 05:22 PM..
 
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