Tuesday, October 29, 2019
Energy Supply Terminology
Apparently there is
something magic about 'baseload' which means only coal can supply it. The word
just means a steady reliable supply of power. Just as "dispatchable"
means supply that can be turned on and off at need.
Coal is certainly
steady and reliable, but not really dispatchable as it can take hours or days
to turn up or down. Gas is dispatchable but to expensive to use as baseload.
The wholesale price of electricity is controlled by the highest cost and that
is gas.
Wind and solar, on
their own, are neither dispatchable nor baseload. I don't think there is any
disagreement on that point - even though it keeps being brought up again and
again.
The game
changer
here is storage. There are about 20 different ways power can be stored,
from
batteries, to pumped hydro, to molten salt, to hydrogen production. Most
can be
varied in under a second, being much more dispatchable than gas. The
output can
be finely controlled making them more steady than coal. With multiple
different storage methods working together, it is also more reliable
since there is no single point of failure.
With storage,
wind
and solar, are the most stable, dispatchable and cheapest forms of
energy
available in the world. Recent work economists at RMIT show that solar
with
storage is cheaper (and easier) to build than new coal and wind farms
are even better. The only downside is how long it will take to
transition - but that is still quicker than building a new coal plant.
So in what way is the obsolete technology better?
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