 | The UK Energy White Paper: An Academic Critique | The Oil Drum: Europe | ODAC Newsletter, Monday 08 October |  |
39 comments on Even CATO libertarians say energy deregulation does not work
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Does this really happen anywhere? I've heard the idea kicked around by engineers 'blue skying' when I was working, but....once the water has gone over the dam it is pretty much gone. Sure there is pumped storage but this is a totally different thing from a dam. And, in fact, the power used to operate the pumped storage may be coming from nuclear baseload.
Only a price feedback would make anyone notice this. And, even then, well-heeled lake front property owners will not notice but will protest loudly if their personal boat dock is sitting high and dry in August. Meaning that the power consumed when they crank up the AC is likely coming directly from some other source than hydro.
Well in this case when accused by the local media the company concerned admitted it. They gave as their excuse the fact they had to make profits on the spot market in order to cover the line rental cost (around $A100m pa) of a high voltage direct current cable. I know some posters on TOD think HVDC will solve all but strange things can happen.
A number of pairs of dams do do this. They must be directly below each other and the lower dam's reservoir needs to be full. Several Swiss dams do this. Another form of pumped storage.
Alan