A new report has warned Australia's net zero transition is"not going well," with the National Electricity Market in need of urgent reform to ensure power remains affordable and reliable.A new report has found Australia's energy transition is"ad hoc and uncoordinated," with the Albanese government urged to make rapid reforms to the National Electricity Market in order to prevent power becoming unaffordable and unreliable.
"Australia’s great energy transition – from fossil fuels to renewables – is not going well," the lead report author wrote. While there has been considerable work in recent years on integrating solar, and more recently batteries, into the grid, experts say the approach has resulted in a patchwork of different solutions that are less effective individually than a coordinated plan. Picture: John Laing/Esco Pacific
Reforms to the grid have also been something of a patchwork, with state and federal governments pursuing different priorities at different speeds and industry wary of investing due to unpredictable interventions in the market.