The Uranium – Hydrogen – Carbon Energy System of the Future
17 hours ago Guest Blogger
David Archibald
Following is a lecture given on 13th March at the Energy Exchange Australia convocation in Perth. It was a 20 minute slot.
This graph shows the last 26 years of the National Electricity Market which is the power grid on the east coast of Australia. The vertical blue bars are generating capacity. The orange line is demand. Demand used to closely track capacity up to 15 years ago. Now capacity is 80% higher than demand. The increased supply should have resulted in lower prices due to oversupply. Prices should have gone down, surely?
Power prices didn’t go down though, they doubled instead. The blue line is Australia’s Consumer Price Index from 1980. The red line is the Power Prices Index. They used to track closely up to 2008 where they parted company. We are now paying twice as much for power as we should be. And this is for stuff that is going straight to landfill. A power price twice as high as it should be is the price of stupidity.
https://wattsupwiththat.com/2025/03/23/the-uranium-hydrogen-carbon-energy-system-of-the-future/
