The latest issue of The Economist features an excellent article (Wind and solar power are disrupting electricity systems) describing the challenges of integrating renewable energy into electricity systems. It is a timely article, given there is an extensive debate in Australia at the moment regarding the impact of renewable energy sources on the reliability of electricity supply and its cost.
One of the world’s leading experts on the economics of renewable energy is Professor Manuel Pinho of Columbia University, a former Economy and Innovation Minister of Portugal. The Economic Society of Australia (Qld), of which I am the Secretary, is fortunate to be hosting a lunchtime seminar by Professor Pinho on renewable energy issues on Monday 13 March in Brisbane at Morgans, Riverside Centre.
As Portugal’s Minister for Economy and Innovation, Professor Pinho was instrumental in Portugal becoming an economy with a major reliance on renewable energy. The Guardian observed that one of the 12 key science moments of 2016 was Portugal being entirely powered by renewable energy for four days last May.
At the seminar on Monday 13 March, Professor Pinho will speak on the topic of:
This is a very important topic, because as more people install solar PV cells and batteries, such as the Tesla Powerwall, the demand for electricity from the grid will fall. This could have major implications for the State Government Budget in the future, as dividends fall or subsidies need to be paid to ensure the ongoing viability of the State’s electricity distributor (i.e. Energy Queensland) and power generators (i.e. CS Energy and Stanwell).
If you are interested in attending this seminar, priced at $20 for members and $40 for non-members, please register soon (at the link above), as I expect this will be a very popular seminar.
Professor Manuel Pinho