[1] https://www.carbonbrief.org/qa-why-does-gas-set-the-price-of... [2] https://www.ise.fraunhofer.de/en/press-media/press-releases/...
> That's a baseless claim. For example, Germany has invested massively in solar but its electricity prices went up, not down.
> This price of electricity is high because gas, which is still expensive, sets the price of electricity most of the time [1].
1) Am I missing something or the link you provided contradicts your claim? On a chart #2 in the article you can see Germany has only 24% of the times price of electricity set by gas, 24% is not "most of the time", right?
2) Even if that is true, and electricity prices in Germany are set by the price of gas most of the time, it seems like you didn't address the point in a previous message. If the goal is to have lower prices and the goal(outcome) is what really matters not just the process and renewables is the path to get there then why Germany electricity prices rose at the end? And were not all of those because of this ... because of that ... supposed to be a part of that path(plan)? They did the thing, invested in solar, what have they missed and why?
Not true. Gas backups are only needed for solar and wind. Gas replaces only battery backups here, which would be even more expensive.
> which is still expensive, sets the price of electricity most of the time [1].
That's why solar and wind are expensive.
> The levelized cost of electricity for solar (including batteries) and wind is cheaper than coal [2].
Not true. You have to include the required gas backups during the night or calm winds.
https://ourworldindata.org/grapher/electricity-mix?source=to...
And we banned nuclear, since it's scary.
Given the power here has periods where it barely goes a day without blinking out, or line repairs that can take almost 2 days now after a somewhat mild storm, there's been a large uptake of solar power panels, those that knew hooked up Island style where they can feed in their own small generator to take advantage of the panels during the day if there was no grid power, more recently batteries have become more affordable, making installation worthwhile.
[1] https://en.wikipedia.org/wiki/Ergon_Energy
[2] https://www.energyq.com.au/__data/assets/pdf_file/0010/20658... [pdf]
>Operating and financial review
The Company’s profit after income tax equivalent expense was $80.919 million for the year (2023: $225.754 million loss). Revenue from sales of electricity is higher when compared to 2023 due to an increase in notified prices as published by the Queensland Competition Authority in 2024. Residential and small business tariff rates increased significantly for 2024 with price rises of 29 percent and 27 percent respectively. Large business tariff rates rose between seven and 17 percent. Expenses are marginally lower compared to 2023 predominantly due to a reduction in fair value losses. More stable electricity trading conditions contributed to lower market movements on forward electricity derivative contracts.