The latest assessments of the National Electricity Market underscore the need to ensure a coordinated approach to bring about a seamless transition to a cleaner, cheaper power system, according to the Australian Energy Council.
The AEC’s Chief Executive, Sarah McNamara, said the Energy Security Board’s review of the market and its directions paper on the post-2025 market design flag the importance of investor confidence and ensuring timely and efficient investments.
“Key issues remain investment in dispatchable generation as more renewables come into the grid, as well as ensuring there is an orderly exit of older thermal plant and encouraging the right overall mix of resources and system services.”
Ms McNamara said that the ESB’s task had been complicated by jurisdictional measures aimed at supporting generation.
“While jurisdictional approaches are understandable, we continue to argue that a national and coordinated approach to energy policy is the framework most likely to deliver the best results for customers - namely reliable, affordable and sustainable electricity supply.
“The Board’s backing for a NEM-wide approach to integrate jurisdictional energy plans and schemes is welcome.
“There’s no doubt the interconnected system is under pressure now more than ever to accommodate and manage jurisdictional priorities.
“Everyone agrees on the issues faced by the energy sector.
“We will now carefully consider the details of ESB’s directions paper and remain ready and willing to continue to contribute to its vital work.”
About the Australian Energy Council
The Council represents 21 major electricity and downstream natural gas businesses operating in the competitive wholesale and retail energy markets. These businesses collectively generate the overwhelming majority of electricity in Australia, sell gas and electricity to over 10 million homes and businesses, and are major investors in renewable energy generation.
The Australian Energy Council, the peak body for Australia's electricity generators and retailers, is today announcing support for an economy-wide emissions reduction target of 55% on 2005 levels by 2035.
Published in The Australian, 16 December 2021 By Sarah McNamara, Chief Executive, Australian Energy Council In mid-2020, the Australian Energy Council supported adoption of a Net Zero by 2050 target for Australia.
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