Australia’s electricity markets are undergoing a profound transformation from a centralised system of large fossil fuel plants towards an array of smaller-scale, widely dispersed solar and wind generators, grid-scale batteries and demand response, according to a new report from the Australian Energy Regulator.
Australia has “just months” to finalise a redesign of its National Electricity Market (NEM) so consumers can reap the benefits of increased renewable generation capacity, according to the regulator that provides oversight for energy security and reliability in the country.