Updated March 12, 2019 18:36:54 The cost of power cuts in the Northern Territory is expected to be higher than the average, according to a new report.
Key points:Polaris Internet is not the only one experiencing power cutsThe Northern Territory’s Northern Energy Commission has warned of the economic implications of a severe power outageThis week, the Northern Energy Minister told the ABC that the Northern Power Act requires the regulator to provide a “cost estimate” for any power outagesThe NT’s energy market is under “unprecedented” pressure due to the high demand, said the Northern Commission, and its advice is to “do everything possible” to minimise the impact of the outages.
The NT Energy Commission’s chief executive, Tony Smith, told the media on Monday that the NT’s peak demand was “higher than any other time in the past”.
“It is now the highest ever demand,” he said.
“The peak demand is also higher than in any previous peak, in the last 10 years, and will be the highest in at least the next 10 years.”
So what is being caused is the high peak demand that we have experienced for the past 10 years.
“Polari Internet is one of the most common home broadband providers in the NT.
In its latest monthly report, the NT Energy and Resources Commission (NERCO) said that the peak demand of electricity in the Territory had been exceeded for three consecutive months.
The NT Commission’s data indicates that in December, there were 4.2 gigawatt hours (GW) of peak demand.
That equates to approximately one megawatt hour (MWh) of power being needed for every 10,000 homes in the state.
However, NT Energy’s chief financial officer, Matthew Stroud, said there was no reason why the peak load could not be avoided in December.”
Our average peak load was about 6.7 GW, and we have been able to minimised that in some areas in recent months,” he told ABC Radio NT’s The Weather Report.”
There are a number of things we can do to reduce peak load and we will do those as we go along.
“Stroud said the NT Government had invested $1.8 billion in its energy network in recent years, which had contributed to peak demand reduction.
We will also be taking the extra money from the sale of assets that are currently under contract to the NT and using that money to reduce the peak prices.”‘”
We are still working through the full cost of the investments and we are expecting to do that in March, if not later, and that will then drive down the peak loads a little bit further,” he added.
“We will also be taking the extra money from the sale of assets that are currently under contract to the NT and using that money to reduce the peak prices.”‘
It’s an economic shock’The NT Government is also considering raising the national rate of pay, which would see pay rise to $130,000.
“It’s not just about the NT being more efficient, it’s also about the rest of the economy, especially our energy industry,” Mr Stroud said.
But he said it was not just a matter of making NT’s electricity more expensive, but also about reducing the impact on the NT economy.
He said the average NT household had an average income of $42,000, so the higher NT rate of wage payment would be “quite substantial”.
“There’s been a significant amount of economic growth in the rest, and our electricity rates are quite high,” he explained.
Mr Stroud noted the NT had invested in the power network in the recent past, with the NT Power and Communications Commission (NTPC) purchasing the power transmission line that connects to the northern cities of Darwin and Darwin Airport, as well as the northern suburbs of Rockhampton and Alice Springs.
“In the last six months, we have put an additional $1 billion into the power grid and we’ve invested in a lot of new infrastructure to deliver that, and it’s all been paid for by NT taxpayers,” he stressed.
“I think the NT can and will pay for that.”NTPC chairman Peter White told the Northern Report that he was not sure if the NT rate was the “normal” rate in the country, but the NT would be increasing the rate to $140,000 in the near future.
He told the NT Report: “The NT is going to be able to do a lot better.”
Topics:government-and-politics,public-sector,northern-territory,energy,energy-and/or-utilities,nsw,tas,arriba-4880,nga,chinas,united-statesFirst posted March 11, 2019 19:03:50