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Meeting the proposed carbon budgets will require heavy lifting by the electricity system and market

22

Feb 2021

Meeting the proposed carbon budgets will require heavy lifting by the electricity system and market

Meeting the carbon budgets proposed by the Climate Commission requires a fit-for-purpose electricity system and market able to cope with the heavy lifting required for rapid electrification and uptake of renewable, distributed energy resources (DER). What we have now is not fit-for-purpose and will struggle to bear the load (yes, that’s a pun for all our electrical engineer friends out there!). Current electricity market settings reflect how we have used electricity and energy; not how we are and will. The Climate Commission calls for a clear government-level energy strategy by June 2023 to show how to meet the proposed carbon budgets. Taking this long to have a plan to develop...

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