South Australia’s electricity grid completely shut down yesterday. The whole state was without electricity for many hours. Even today, power is still out for many households and businesses. The Premier blames an extreme weather event. Well, if you look at the actual weather observations from around the state yesterday from the Bureau of Meteorology, it is blindingly obvious that while it was wet and windy, the weather was not at all extreme.
It is clear that the state’s power source is incredibly fragile.
This will make South Australia a very unattractive prospect for any new investment.