Electricity Blackouts, Price Caps, No Coal and Renewables

Just a little thought really, sparked by this placing of stories on the Telegraph’s website:

Electricity problems

What could the connection be?

Possibly that price caps discourage investment in a sector. That planning the insistence upon no coal and the use of renewables leads to instability in supply – and thus frequency – both of which lead to the risk of blackouts.

Aren’t we all so lucky that the authorities have taken no notice whatsoever of the settled science on climate change and decided to solve the problem by having a carbon tax.…

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Do These People Even Read Their Own Articles?

As we know Naomi Campbell didn’t even read the novel published under her name let alone write it. Something to think about as we regard these academics and their ruminations upon electricity generation:

Fast-forward to 2019: onshore wind is the UK’s cheapest form of electricity,

OK, excellent, therefore people will be building it in preference to other forms of ‘leccie generation.

So, are energy policymakers listening to the public? The short answer is: no. At present, the UK government is pursuing the energy technologies which receive the lowest levels of public support (nuclear and fracking), while cuts to various subsidy schemes are making it more difficult for popular onshore renewables such as wind and solar to get built.

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Ooops! – System Error Crashes Entire Electricity Grid Of Argentina And Uruguay

The entirety of two countries seems to be without electrical power this morning as a failure in the grid has left both Argentina and Uruguay completely bereft. This is the sort of failure we normally have to institute socialism to manage.

A massive power cut has hit Argentina and Uruguay and is believed to have left 48million people without electricity. The outage – believed to be the first of its kind – has caused trains to be halted and failures with traffic signalling, according to reports.

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Labour’s Price Trick With Nationalising Electricity And Gas Networks

That the Labour Party wants to renationalise the electricity and gas networks is true. That the Labour Party is insane is true. Even, that the Labour Party is insane to want to renationalise the electricity and gas networks.

Yes, yes, the argument is that only in public ownership can we make sure that they deliver public goods. But that’s not actually the way to gain those things. We actually would rather – in fact we should insist – that the people defining and enforcing the delivery of those public goods aren’t the same people as those making the profit.…

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South Africa’s Continuing Power Cuts – The Result Of An Orgy Of Looting The State

South Africa is currently suffering rolling power blackouts and there’s no good indication when this will end. In fact, South Africans are being told that load shedding is just a fact of life and they’ll have to put up with it. Load shedding being, in the jargon, the statement that there’ll be no power for you today laddies.

How did it come to this? It’s a result of the massive and sustained looting of the State in recent years.…

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Congratulations To Bolivarian Socialism – Venezuela’s Power Cut Is Your Fault

Of course that four day power cut in Venezuela is being blamed on the Yankee Imperialists for there never could be anything wrong with socialism, could there? And if you do want to reduce a nation and people to penury then that Bolivarian socialism does indeed seem to be the way to go. It’s proven very effective at it after all.

The thing being that it’s not the action of outsiders which has led to this disaster, it’s inherent in the basic economic design which has been imposed.…

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Yes, Chavez And Maduro Caused Venezuela’s Power System Collapse

The entirety of Venezuela’s ruling class is standing around with “Who, me?” looks on their faces as the country is plunged into darkness, the power system and the grid entirely fail to deliver electricity at all. The point being that yes, it’s you. The Bolivarian socialists have caused this. This is not the result of some attack by foreign capitalist pig dogs, is not some random occurrence that can strike anyone. It’s a direct result of their own previous economic policies.…

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Sparks Will Fly

Isn’t it lovely to see how this dismal science we’re so fond of ignoring comes back and bites us in the posterior? And we’re not talking the kind of Chihuahua nip here, no you should think more Rotweiller mauling.

Well, the story goes—and we must thank (h/t) the Streetwise Professor for this as we’re not natives of the Big Apple. Yeah, we’ve been there once or twice but we live on the east side of the big pond where, well, if we are honest, we’re doing the same nonsense as those nice politico types in Albany led by Governor Andrew M.…

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Shoddy Firms Going Bust – Britain’s Gloriously Competitive Electricity Market

There seems to be a little misunderstanding of how markets work here – which is a pity as Ofgem is supposed to be the organisation that regulates Britain’s electricity market. The admission is that this market appears now to be finally working – this being thought of as a mistake which must be rectified. The problem identified being that at the bottom end of this market there is a plethora of shoddy fly by nights who are going bust in droves.…

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Economy Energy Goes Bust And Pernicious Drivel About The Electricity Market

Of course it saddens when a company goes bust – dreams, livelihoods and capital all up in smoke, as here at Economy Energy as it closes down for being, well, actually, for being a bit terrible really. This also actually being the point of having a market economy, so that those who are a bit terrible do indeed get chucked out and go bust. That’s the entire mechanism by which we find out who isn’t completely terrible and thus climb the difficult ladder to the current state of glorious wealth for us all.…

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