Australia’s electricity market is getting a big
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Posted On: 11/30/2024 10:24:42 AM
Australia’s electricity market is getting a big makeover – and these 3 changes will make it future-proof
The federal government this week tasked an expert panel with making Australia’s largest grid, the National Electricity Market, fit for our changing energy system.
Reform is badly needed. Australia is trying to transition to renewable energy using rules established in 1998 – when the energy mix was dominated by coal-fired power and energy use was more predictable.
The review is welcome. But unless its scope is sufficiently broad, it risks failing to address all the issues plaguing Australia’s electricity system. Below, we outline three priorities for the panel to include in its work.
Getting this right is important. It could secure jobs, lower bills, shore up industries, and help Australia unlock its full potential in a net-zero economy.
https://au.news.yahoo.com/australia-electrici...36131.html
icymi
The federal government this week tasked an expert panel with making Australia’s largest grid, the National Electricity Market, fit for our changing energy system.
Reform is badly needed. Australia is trying to transition to renewable energy using rules established in 1998 – when the energy mix was dominated by coal-fired power and energy use was more predictable.
The review is welcome. But unless its scope is sufficiently broad, it risks failing to address all the issues plaguing Australia’s electricity system. Below, we outline three priorities for the panel to include in its work.
Getting this right is important. It could secure jobs, lower bills, shore up industries, and help Australia unlock its full potential in a net-zero economy.
https://au.news.yahoo.com/australia-electrici...36131.html
icymi
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