Last week, the Australian federal government proposed legislation that will lock-in Australia’s commitment to achieve net zero by 2050 as well as providing greater oversight and accountability over progress on climate change in a sharp departure from the previous administration.
The Australian Energy Market Operator (AEMO) has revealed its 2022 Integrated System Plan (ISP), laying out a 30-year roadmap that plots the transition to net-zero and identifies upcoming investments in the National Electricity Market (NEM), which covers the populous south and east of the country.
The Australian Energy Market Operator (AEMO) has suspended the country's wholesale power market after a collapse in generation rendered the spot market impossible to operate reliably.
Solar PV and other renewables account for more than a third of electricity generation in Australia’s National Energy Market (NEM) in Q1 2022, coal’s share slipping by five percentage points year-on-year.
Australia’s 2022-23 Federal Budget has “missed the mark” when it comes to supporting the energy transition and has neglected investment in transmission infrastructure over investing in fossil fuels at a critical junction in Australia’s decarbonisation journey, said the Clean Energy Council (CEC).
Solar PV and other renewables accounted for a record share of electricity generation in Australia’s National Energy Market (NEM) in Q4 2021 at 34.9%, while average wholesale prices rose with the higher cost of fossil fuels despite their share of the energy mix shrinking.
Accelerating deployment of utility-scale solar and wind means much of Australia could have sufficient renewables generation to meet 100% of consumer demand at certain times of the day by 2025, the Australian Energy Market Operator has said.
The Australian Energy Market Operator (AEMO) has invested in a cloud-based resource for developers that will make it easier and faster for projects to connect to the grid through a AU$2.23 million investment
