by AEC
Response To AEMO Insights Paper
The Australian Energy Council has welcomed the Australian Energy Market Operator’s new assessment of strategic energy market developments.
The Australian Energy Council’s Chief Executive Sarah McNamara said that proposals in AEMO’s Insights paper will now need to be carefully considered for their costs and benefits through the usual independent processes overseen by the Australian Energy Regulator.
“AEMO’s paper seeks to forecast and address the issues emerging with the growth of renewables supported by Federal and state government targets, increased scope for large-scale storage systems to connect to the grid and the ageing of existing generation plant.
“Each transmission and network investment will unavoidably affect market investments, so they need to be individually assessed.
“This is critical to ensure not just the appropriate timing, but also the cost-effectiveness for customers who will pay for the new links, as well as providing a predictable framework for generation investors,” Ms McNamara said.
About the Australian Energy Council
The Council represents 22 major electricity and downstream natural gas businesses operating in competitive wholesale and retail energy markets. These businesses collectively generate the overwhelming majority of electricity in Australia and sell gas and electricity to over 10 million homes and businesses.
Related News
Joint Statement on the Need for Climate and Energy Policy Certainty
As Australia's energy and climate ministers prepare to meet this week, our organisations reinforce the importance of a certain, credible and consistent policy framework to business, industry and investors; the community sector; consumers; advocates for the environment; farmers; people and communities experiencing disadvantage; property and the built environment; and workers.
Energy Peak Body Welcomes Progress on Renewable Electricity Certification Scheme
The peak body for electricity generators and retailers, the Australian Energy Council (AEC), has welcomed the announcement today of progress on the Renewable Electricity Guarantee of Origin (REGO) scheme.
Collaboration Key to Transition
The peak body for electricity generators and retailers, the Australian Energy Council (AEC), has welcomed the introduction of the Net Zero Economy Authority Bill into the House of Representatives, to help support the fair transition to a net zero emissions economy.
Send an email with your question or comment, and include your name and a short message and we'll get back to you shortly.