AEMC’s fundamental blind spot on “environmental sustainability” is at the core of why the rule-maker is providing poor advice to COAG and why the system is failing.
The biggest problem facing Australia’s National Electricity Market is that it has no management team. But someone has to accept responsibility for the mess.
Despite predictions that consumers – households and businesses – will be supplying half of all electricity needs within a few decades, the automatic reflex of the institutions that govern our electricity market remains to protect the incumbents. This needs to change.
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.
New AEMC data show the electricity prices will moderate in most state (except Queensland) and highlights the huge swing in demand.