We will post some of this article and a link to the body of it. It is complicated but very on target in looking at the growth of renewables, versus the total power generated, in a country like Australia that has fantastic amounts of wind and sun. There is no better place to leap frog into a complete clean energy plan.
As always we work to bring you a global perspective on key elements in the green economy.
It is widely thought that the Australian electricity market is already in rapid transformation (AEMO Submission to NEM Review 2017; Electricity Network Transformation Roadmap, CSIRO and Energy Networks Australia 2017; Charging Forward paper, Clean Energy Council 2017), with some concerns that this may be a crisis situation (Powering through, Grattan Institute 2017).
This change is being driven by many factors including government energy policies such as the federal Renewable Energy Target (RET) and state-based renewable energy schemes. Funding of renewable energy projects through grants and projects by bodies such as the Australian Renewable Energy Agency ( ARENA), changes in consumer behaviour in support of low-emissions and distributed electricity generation, and the rapidly decreasing cost of some renewable energy technologies are also key drivers of change in the electricity market (Electricity Network Transformation Roadmap, CSIRO and Energy Networks Australia 2017; Powering through, Grattan Institute 2017; Charging Forward paper, Clean Energy Council 2017).
It is critical to maintain the security and stability of electricity supply and price during the transition to a substantially increased reliance on renewable (intermittent) electricity sources, taking into account the rise of distributed energy sources and eventually, battery storage technologies (AEMO Submission to NEM Review 2017; Charging Forward paper, Clean Energy Council 2017; Powering through, Grattan Institute 2017; Electricity Network Transformation Roadmap, CSIRO and Energy Networks Australia 2017).
Meanwhile, the Independent Review into the Future Security of the National Electricity Market has already delivered its preliminary report and is due in the next few months to deliver its final report, including recommendations for NEM reform and broader government energy policy settings, to the Council of Australian Government (COAG) Energy Council.