Neoen delivers scathing review of ESB market reform proposals, saying they have been rushed and should be abandoned before doing more harm.
The most urgent challenge facing the National Electricity Market as it transitions to clean energy is not technological but regulatory.
Energy industry lining up against Angus Taylor’s favoured “capacity markets” put forward as an option by Energy Security Board. Even Snowy Hydro is opposed.
Taylor now says wind and solar boom has been “excellent news”, but is pushing for a new market mechanism that could protect coal and gas.
ESB chair says not to worry about when coal plants might close, because they’re already going broke.
AEMO says record installations and growing pipeline of wind, solar and storage mean Australia is well ahead of “step change” scenario.
Fossil fools: Murdoch media has joined Angus Taylor and the coal lobby in pushing capacity markets. But they’re not what it thinks they are.
Australia can expect days of 100 per cent renewables with increasing regularity, as market share of wind and solar grows, ESB chair says.
Other nations have acknowledged the demise of coal, and it’s time Australia caught up.
Kerry Schott joins Energy Insiders to discuss the proposed options for the energy market reform, and why coal generators are not viable, and may need support.