NSW and Queensland – which still own their networks – block reforms that could lower network costs. Meanwhile, Finkel sings praises of pumped hydro and household battery storage to COAG energy ministers.
AEMO report sets out pressing challenges facing Australian electricity networks in future, looks to past for solutions.
Australia remains one of world’s most expensive places to develop renewables, when it should be one of the cheapest.
AEMO’s latest report reinforces Alan Finkel’s assessment that Australia’s grid is not fit for 21st century, and needs rapid change. Its chairman compares fossil fuel plants to petrol cars, and struggles to accept the pace of technology change. You won’t find a fuel cap on an electric car.
Australia’s monopoly electricity networks are the most profitable businesses in Australia. And the consumer pays, and pays.
Before we consider how the NEM might need to change, it is important to understand how it came about.
Australian start-up Power Ledger named as global leader in blockchain technology which has the potential to “rapidly disrupt” the traditional energy market and fast-track the shift to decentralised generation.
Podcast: ITK’s David Leitch interviews Ausnet’s Alistair Parker about mini grids and battery storage and other stuff.
Regional Queensland utility says it has mapped its network for suitable sites to install EV chargers along a “super-highway” running from Toowoomba to Cairns.
Queensland to build first large scale wind farm after 170MW Mt Emerald project wins Ergon tender, but other projects “still being considered.”