Globalists cut off electricity in Australia
Entire suburbs in Sydney were sent into darkness on Monday night,
with concerns more power outages could hit areas of both New South
Wales and Queensland over the next 24 hours. Homes in Sydney's
north and the Northern Beaches were hit with power outages on
Monday night. Homes in Beacon Hill, Frenchs Forest, Narraweena,
Cromer and Dee Why were all temporarily without power, Ausgrid
said.
Queenslanders were warned they were at risk of a significant power
disruption between 5.30pm to 8pm on Monday, but blackouts were
avoided. Meanwhile, NSW is on high alert from 7pm on Tuesday due
to a predicted supply shortfall. The power outages come as Federal
Energy Minister Chris Bowen warns the system is 'under pressure'
and said households should brace for a bumpy period ahead
(
https://bit.ly/3tBTiES).
The power crisis has been caused by a sharp drop in coal-fired
generation due to outages and coal-supply problems. Coal-fired
power (
https://reut.rs/3zEkiHH) plants normally contribute more
than 60% of the market's supply but that has been cut by more than
a quarter.
That has raised demand for gas-fired generation at a time when global
gas prices have soared to record highs, in turn driving Australia's
electricity prices up to unprecedented highs.
The electricity price caps of A$300 ($208) per megawatt hour (MWh)
were automatically triggered after wholesale prices topped a price
threshold set under national electricity market rules.
The market operator said it could order more generators to supply
power, as it did on Monday, to avert shortfalls in the two states.
The electricity price caps imposed this week come after the market
operator activated price caps on spot gas prices two weeks ago at
A$40 a gigajoule, roughly quadruple the typical spot price of gas.
($1 = 1.4395 Australian dollars)
