It’s been a bit of a free-for-all up till now, but the regulatory regime seems to be developing in a way that should benefit consumers and renewables in the long run.
While the Finkel Review recognises Australia’s “energy trilemma” – security, affordability and sustainability – we have a market that recognises only the first two of these objectives.
Batteries will supercharge the energy revolution, smoothing renewables and offering prosumers autonomy. Right now, though, the regulatory space is a bit of a Wild West.
Decision by AEMC will push more local generators and prosumers to reduce their use of the grid, to look at private wires and microgrids, and potentially to disconnect.
The Australian Energy Market Commission has released a consultation paper on possibly the most radical proposal for energy market reform it has received.
One Australian electricity network has finally admitted it had its snout in the trough. But will this change anything in its approach to future investment?
The “bonanza” obtained for the sale of electricity transmission network TransGrid will come back to haunt NSW consumers for decades to come.
The AEMC’s Power of Choice review recommends the most wide-ranging suite of reforms to the electricity industry in a decade. It was worth the wait.
Opportunities now exist to move Australia’s electricity networks away from a business model that has been causing consumers pain, in a world of shifting demand.