Analysis shows spike in fossil fuel-dominated state’s wholesale spot price this year far eclipses that in SA in July 2016 which sparked calls for a national inquiry into renewable energy
Extreme price spikes in Queensland’s fossil fuel-dominated electricity market this year have far eclipsed those seen in South Australia last July, which sparked calls of a national inquiry into renewable energy and led the federal Coalition to call for a halt to state-based renewable energy targets.
Since the start of 2017, Queensland’s wholesale spot price for electricity has spiked above $13,000 per megawatt hour a total of 71 times, according to analysis by Dylan McConnell from the Climate & Energy College at the University of Melbourne.
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