The rapid deployment of solar and other renewables is creating new pressures on the efficient operation of electricity markets. Stephen Woodhouse looks at whether a shift from national to locational pricing offers a solution to optimal market design as decarbonisation efforts gather.
According to a report from industry lobby group the European Round Table for Industry (ERT) investment in Europe’s energy infrastructure requires €800 billion (US$870 million) by 2030.
AEMO: System dominated by flagship renewable duo is technically possible within five years if country acts to redesign energy market along principles of flexibility and security.
Australia’s energy and environment minister has hailed the country’s accelerating residential energy storage sales as a report has emerged from Chief Scientist Dr Alan Finkel which says the “financial equation is straightforward” for adding batteries to home PV systems.
