There’s no nuance about it, the rising prices are the result of reduced supply capacity and a well established triopoly gaming the market bidding and pricing ru

There’s no nuance about it, the rising prices are the result of reduced supply capacity and a well established triopoly gaming the market bidding and pricing rules. The 100MW capacity Hornsdale Power Reserve effectively capped the market to a trifling $14/kW, saving the state tens of millions of dollars a year in contingency and ancillary services costs. In addition the AEMO is taking advice from the coal burners about how to regulate renewables, with the unsurprising outcome that we end up with oscillations in frequency due to poorly tuned controllers. Then the AEMO wants to throw good money after bad by installing more synchronous condensers rather than seeking advice from the battery suppliers about how to best tune the batteries to prevent over-compensation for frequency drift.