The head of the Australian Energy Market Operator will call for governments, industry and consumers to work together on electricity market reforms needed to the keep the lights on during the transition.
The Australian Energy Market Operator chief will call for a “mature conversation” among governments, industry and customers to thrash out a workable version of the controversial “capacity mechanism” to spur investment in firm generation needed to keep the lights on amid an accelerating energy transition.
the ESB’s preferred option for the market reform amid worries by several governments that the mechanism could prolong the life of coal power stations.They took back control of the work on the market redesign from the ESB, which has worried bosses of traditional power generators because of the inevitable further delay.he feared the energy transition was “headed for failure” amid the delays, given the quickening pace that coal power stations were closing.
“Balancing the timing of these two tasks will require careful management, to ensure we do not have too much coal exiting the system before the low-emissions energy system has been built, or we risk delivering poor outcomes to customers,” Mr Calabria said. “Collaboration is the key to delivering a mechanism that drives the integration of more renewable energy, and ultimately more affordable energy for Australian homes and businesses.”
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