Daily review 02/11/2022

19 comments on “Daily review 02/11/2022 ”

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1. joe90 1

   2 November 2022 at 6:29 pm

   Russia does a deal on grain and prices stabilise. Insiders go large on grain futures, Russia sinks the deal and futures spike.

   That's how you do it.

   /

   https://twitter.com/FortuneMagazine/status/1587194247584907265
2. Poission 2

   2 November 2022 at 8:15 pm

   Sun shines on Australia as over the last two months records are broken as demand from Grid FF electricity falls due to Aussie battlers rooftop solar installations (3 m households)

   https://twitter.com/AEMO_Energy/status/1581866199914192896?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1581866199914192896%7Ctwgr%5Effaabf38d84cafa883722a4a7d5d6aa11fac4b56%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.abc.net.au%2Fnews%2F2022-11-02%2Faustralian-solar-records-tumble-as-coal-eclipsed%2F101606490

   Australia grid and distribution networks are to be smartened to sustain frequency control,transfer to storage and education on usage such as control for houshold charging of ev.

   https://www.abc.net.au/news/2022-11-02/australian-solar-records-tumble-as-coal-eclipsed/101606490
   • Mac1 2.1

     2 November 2022 at 8:46 pm

     So why are Australians so advanced with their uptake of solar power when new subdivisions in the sunniest province in NZ are conspicuous for the absence of solar roof panels on any houses while their fashionable black roofs require more assistance from heats pumps to cool them in summer?

     Do the Aussies have incentives? Are they regulated in some way? Has the public awareness of the benefits of solar panels reached a general consensus of agreement? What caused that?
     • pat 2.1.1

       2 November 2022 at 8:50 pm

       subsidies and incentives

       https://instylesolar.com/solar-guides/full-list-australian-solar-rebates-incentives/#:~:text=The%20current%20incentive%20is%20%24825,you%20can%20receive%20around%20%244000.
       • Mac1 2.1.1.1

         2 November 2022 at 9:16 pm

         Wow! Do we offer any similar incentives and subsidies, Pat? If not, do you know what's the sticking point?
         • pat 2.1.1.1.1

           2 November 2022 at 9:23 pm

           We have none…I know not why…the Aussies have had various subsidies and incentives for years, the ones linked are only the current ones.
           • Sacha 2.1.1.1.1.1

             2 November 2022 at 9:38 pm

             What proportion of renewables does their energy system have, and how much did they need to improve on that to meet climate targets?
         • Shanreagh 2.1.1.1.2

           3 November 2022 at 9:22 am

           Mac1 incentives subsidies and the lack of them is a hangover from the Neo-lib experiment of the late 80s and 1990s. At that time there was fierce condemnation of the idea of subsidies from govt because

           1 the market will look after everything

           2 if the market didn't (look after everything) it was not worth pursuing anyway.

           The impact of this has been hard to get over.

           Also In NZ our introduction to energy saving or better devices etc has been faddish rather than researched. For instance now we have heat pumps, before that it was converting open fires to gas heaters etc etc.

           In new builds we are still installing heat pumps, and these are great for retro use, but if you were planning a new build wouldn't it be more efficient for have whole house heating in the form of radiators etc. I sometimes look at show homes and only one recently had a whole house system using an Italian gas fired model. Yet a new build is an ideal time to install these.

           In Wellington there are many villas built with lots of life left. In some the crawl space to install under floor insulation is limited. Two friends devised different low cost models of accessing through the floor. If we were really serious about energy research and accepting that subsidies have a place then we would have looked at these ideas, put some $$$ into research and possibly if the results came out OK then introduced via subsidies or low cost loans. But no.

           In NZ we have accepted the mantra that subsidies = bad, bad, bad unquestioningly.
           • Molly 2.1.1.1.2.1

             3 November 2022 at 9:32 am

             Energy efficient thermal mass, insulation and ventilation design for NZ would negate the need for household energy consumption in regards to temperature in many regions.

             " Two friends devised different low cost models of accessing through the floor."

             That sounds promising. What were they?
     • Poission 2.1.2

       2 November 2022 at 9:04 pm

       There were large outages in SA and other areas due to under investment in both grid and generation.Firstly SA offered first discounts then offsets against the GST component.

       As uptake rose,economies of scale arose as both prices of solar fell,and installation costs decreased.Also local industry technology came with switching technology for using generation first for HW ,then to other uses in the home.Prices are around half the cost of NZ.

       There has also been the uptake of both community and centralised battery storage,which allows for less transmission loss and distributed resilience from outages in emergency situations.
       • Mac1 2.1.2.1

         2 November 2022 at 9:30 pm

         The incentives that Pat sourced include this- "Solar for low-income households help pensioners get affordable clean energy by providing 3kw solar systems, including installation, at no cost. After installation, you can save electricity bills of up to $600 annually."

         In NZ we supply a $700 winter energy payment to keep people warm in winter, money which goes to energy providers for electricity, gas, wood or whatever. That $700 went in part for compensating me for the cost of my solar roof generation.

         What Australia funds seems a better idea in providing free 3kw/h solar generation than the still well-intentioned and welcome winter warmth payment to us superannuitants.

         Thanks btw to pat and Poission.
         • Poission 2.1.2.1.1

           2 November 2022 at 9:51 pm

           With more distributed solar the transmission costs are better sustained (around 30% of your unit cost) during daytime usage it helps to conserve fast start hydro.

           NZ uptake is low 38000 household connections,around 200mw by year end and 300mw by 2025 so still growing.
         • Poission 2.1.2.1.2

           2 November 2022 at 9:56 pm

           For your information Mac,Octopus energy has set up in NZ,and it targets the purchase of residential solar,with a buyback rate of 17c for exports to the grid.
           • Mac1 2.1.2.1.2.1

             2 November 2022 at 10:05 pm

             Really? My provider offers me 9 cents per kw/h.
             • Poission …

               2 November 2022 at 10:08 pm

               I get 12c,from genesis.
3. Adrian 3

   2 November 2022 at 10:30 pm

   That’s the problem in NZ, according to my son whose expertise is in this area, electric power production cost is only about 7c in NZ, the real cost is moving it over long distances and to relatively small settlements. The major problem here with a large uptake of solar is the need to maintain connection to the main grid so that privately produced power can be traded, if too many people go off-grid the transmission costs will rise because there will be fewer users to spread the costs over.

   This is not an easy country to provide services economicaly for, the same goes for roading and rail.
4. Anker 4

   2 November 2022 at 11:16 pm

   https://www.stuff.co.nz/national/politics/130314027/governments-interim-health-plan-will-not-fix-staffing-shortages-union-says

   The headline says it all. Union doesn't see the govts interim health plan making much difference to the staff shortage. Our health system is in real trouble. Expect it to get worse. Little needs to down tools and put all his energy into the workforce shortage, which is at crisis point.

   Little puts the blame at the feet of National. FFS they have been in power for five years. Ian Powell former head of salaried medical specialists told David Clark, the then Minister of Health that there were three issues facing the Health system when Labour first came in……workforce shortage, workforce shortage and workforce shortage. We had two or so years covid free. That would have been very enticing for staff overseas dealing with covid to work in a covid free environment. But no, Labour and Little to busy spending money and wasting time on health reforms
5. Adrian 5

   3 November 2022 at 7:24 am

   Of course there is no quick fix, even more money won’t do it. Every country in the world is recruiting and there is a world wide shortage of nurses. The base pay is high by any measure and add-ons lift that by another 20%. $ 100k take home for an experienced nurse ( 5 plus years ) is not unusual ).
   The two major problems are the growing complexity of treatment requiring a larger workforce because the hospital system can cure or fix far more conditions than even 20 years ago, and the on-going stupidity of the nursing spokespeople who constantly describe the job as onerous, over worked and underpaid making it seem like the last place on earth that a school leaver could possibly want to go to. Just STFU and it may become more attractive.

   The job does require a quite high level of intelligence both mental and emotional, and that narrows the available cohort considerably. Want to solve the nursing crisis? Stop getting sick, stop doing stupid shit and stop everything that we enjoy that’s not good for us! Yeah, right. Fat chance.
   • Molly 5.1

     3 November 2022 at 9:41 am

     Retaining medical staff after they finish training, could in part be addressed by reducing the financial pull of overseas, as they graduate with sizable student loans and debt.

     Scholarships that require the student to remain for a period of time after study, not only retains those graduates in the country, but also retains them while they seek a better work/life balance, and most likely form relationships. If they do this overseas, their links to NZ have more chance of becoming tenuous, if they do this here, their connections grow and strengthen.

     Address the issue of natural wanderlust, by creating robust programmes with other countries that create opportunities for medical staff – particularly in areas where NZ has little skill or experience. This will also allow medical staff to travel overseas on secondment, and increase the chances of them returning with needed skills rather than losing them completely.

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