Australia must urgently redesign its energy system as coal is expected to cease being a significant contributor to the National Electricity Market (NEM) by about 2032.
Australia must urgently redesign its energy system as coal is expected to cease being a significant contributor to the National Electricity Market (NEM) by about 2032, per a Grattan Institute report. The federal and state governments need to plan a new NEM to ensure power remains affordable and stable in the renewables-dominated net-zero era. Inadequate preparation for the energy transition and years of ad-hoc political interventions have damaged Australia’s electricity market, necessitating government support for coal-fired power plants to avoid price rises and blackouts.
April 28, 2024
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