What is a crisis is when the electricity market stops functioning, which is what happened in Australia last week. With this confluence of factors, it’s not hard to imagine a serious electricity crisis could happen in the next decade, if we’re unlucky. Onslow would likely make the country’s electricity system 100% renewable, and cause the closure of the Huntly power station. We have two recent examples of major players in the electricity market appearing to act deliberately in a way that increased costs for all consumers. There has been little increase in wind generation in the last decade, even as some power companies hold resource consents for large wind farms.

Source: Stuff June 23, 2022 20:00 UTC