Figure 11: Baseload futures financial year time weighted average
With energy policy set to remain a political battleground in Australia, physics, in the form of global warming, will continue to gradually push decarbonization to the top of the policy agenda.
Coupled with anticipated risk to employee and customer safety and physical assets, unprepared distribution utilities must act now to improve cybersecurity capabilities.
Only asset write-downs will fix soaring prices, but policymakers and governments seem reluctant to unravel this welfare scheme for powerful incumbents.
AGL outlines plans to install 250MW of battery storage at Liddell, and to invest in Bayswater upgrade, new gas generators, demand response, and huge amount of wind and solar to replace Liddell.
A new ReachTEL poll, commissioned by The Australia Institute’s Climate and Energy Program, asked residents of the electorates of Hunter and Shortland about energy policy, including government investment in coal, renewables and the Liddell coal power station.