The rate of change in the National Energy Market is now faster than ever, according to Audrey Zibelman, CEO of the Australian Energy Market Operator.
Ms Zibelman, speaking on Securing Australia’s Energy Future at Melbourne University in an address organised by the Alternative Technology Association (ATA) and the Australian German Climate and Energy College, said the rapid transition needed to be managed effectively.
Ms Zibelman also said a “sane transition” cannot be achieved by choosing one fuel type over another, but by efficiently synchronising demand with supply. In addition:
- Rather than investing in more “peaking” resources, we need to start leveraging demand management and behind-the-meter solutions.
- There is potential to offset several power stations worth of generation by utilising demand management in Australian cities alone.
- The new grid will effectively utilise distributed generation, eg micro-grids.
- There are two things which cannot change in the new network – energy affordability and providing a stable, long-term investment.
Listen to Ms Zibelman’s full address on Securing Australia’s Energy Future (with Professor Ross Garnaut and ATA chair Helen Millicer introducing).