February 28, 2017 By FTI Consulting
As Australia continues to grapple with climate policy and energy security issues, a new Parliamentary Inquiry will look at how to modernise the country’s vast electricity transmission and distribution networks.
The House of Representatives Standing Committee on the Environment and Energy will look at a range of factors, including:
In a discussion paper released this week, the Committee has identified three key factors driving transition in the Australian Market:
The Inquiry comes at a critical time for the Australian electricity industry, with retirement of coal fired power stations, the rapid introduction of large renewable energy generators in some jurisdictions and load shedding events triggered by extreme weather events all raising the level of public awareness and debate about energy security and stability.
As the Committee notes:
“Ultimately, regardless of how electricity is generated and how it is consumed, the electricity grid will continue to occupy a central role in our economy and society. The Committee encourages all stakeholders to share their views on how the electricity system can be best placed to meet the needs of all Australians.”
We expect the Inquiry to draw attention and submissions from network owners and operators, along with consumers, technology providers, generators, retailers and investors.
In addition to calling for submissions, the Committee has launched an online survey to gather information about consumer expectations of a modern electricity network.
The Committee is accepting submissions until 28 April 2017.
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