Market reforms will pave the way to a flexible, decarbonised, decentralised grid

Published by

The energy transition is gaining pace, so it is encouraging that Australia’s Energy Security Board (ESB) is pro-actively seeking input to help guide necessary reforms.

The ESB, tasked by federal and state energy ministers to develop strategic policy and provide market development advice, is getting on with an ambitious program of work, including consultation on energy market reforms.

The latest ESB consultation paper on Data Strategy comprehensively outlines the immensity of the challenge ahead in collecting, storing, curating, and disseminating public data for the Australian energy sector.

This is significant. The electricity market is racing headlong towards a highly distributed decarbonised flexible system, characterised by millions of variable renewable energy generators, storage units, and controllable loads. Managing these devices to maintain grid operability, and providing affordable energy services to consumers, will rely on new digital technologies and accurate, secure, and up-to-date data streams.

In IEEFA’s submission in response to the ESB paper, we highlight the imperative for a direct approach to overhauling energy data regulation to enable a digitalised grid, while also supporting high levels of Distributed Energy Resources (DER) and demand side participation. Creation of a central data portal is encouraged, where real-time electricity and gas data would be continuously accessible.

We support ESB’s recommendation for the formation of a Data Leadership and Coordination group and suggest that this group have sufficient authority to manage national data assets. It should work with agencies accordingly to achieve strategic data objectives ahead of planned 2025 market reforms.

IEEFA also recently responded to two additional ESB consultation papers on Post 2025 Market Design and Governance of Distributed Energy Resources Standards. Both initiatives are important in charting the most optimal pathway towards a flexible decarbonised grid that is reliable, secure, and keeps electricity prices down.

Technology and finance often move faster than policy. Our hope is that reform does not hold back the potential benefits for Australia of keeping pace with the energy transition to move rapidly towards a cleaner modernised and lower cost energy economy.

Tim Buckley is IEEFA’s Director of Energy Finance Studies.

Tim Buckley, Director, Climate Energy Finance (CEF) has 30 years of financial market experience covering the Australian, Asian and global equity markets from both a buy and sell side perspective.

Tim Buckley

Tim Buckley, Director, Climate Energy Finance (CEF) has 30 years of financial market experience covering the Australian, Asian and global equity markets from both a buy and sell side perspective.

Recent Posts

Australia’s biggest energy users are being lined up to break the wind drought in its most coal dependent state

Data centres and the country's biggest aluminium smelter will finally get to break the long…

18 August 2026

The $2.5 billion wind project getting ready for take-off, 23 years after farmer landholders were first approached

After more than two decades of planning, this huge wind project is edging closer to…

18 August 2026

One of Australia’s biggest wind projects seeks green light to add solar and battery

The developers behind a mammoth proposed 1.4 gigawatt (GW) wind farm is seeking federal environmental…

18 August 2026

What federal and state rebate changes mean for C&I solar and batteries – in 8 charts

Eight charts show how two big policy announcements in the space of a fortnight have…

18 August 2026

Safeguard will short-change climate targets, study says, rules should be tougher on fossil fuels

Australian investors are pushing for big changes to Australia's major pollution policy and they could…

18 August 2026

Bigger than Godzilla: Fortescue receives second shipment of turbine parts to top “self-lifting” towers

A second shipment of some of the biggest wind turbine parts yet seen in Australia,…

18 August 2026