In this update, we present our updated outlook for black and green wholesale electricity price in the NEM to 2030, accounting for current policy settings, along with scenarios for a “minimum CET” , assuming electricity emissions are reduced by 28% below 2005 levels by 2030; and a “2°C aligned CET” assuming a scaled up target aligned with the Paris Agreement.
Key findings include:
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- In the absence of new energy policy, black wholesale electricity prices will continue to be heavily influenced by gas-fired generators due to a tighter supply-demand balance across the NEM. This is projected to lead to
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