“The traditional view of the NEM – underpinned by cheap coal and flexible gas fired power – is a thing of the past.”
In this webinar, we go behind the numbers of our latest Market Study to present our expectations for the shape of the National Electricity Market (NEM) to 2030, including energy storage cost trends, the impact of rising gas prices, and future pathways for renewables versus gas.
This webinar has now taken place, to access the webinar slides, please view the Downloads box below.
Discussion included:
- Have renewable storage costs broken through? We discuss the impact of rising gas prices, and falling storage technology costs, in re-balancing LCOE estimates for renewables to supply flexible/dispatchable generation.
- Traditional assumptions are changing – The NEM was built on cheap coal and flexible gas fired power – not any more. What’s next?
- Future pathways for gas vs. renewables – We discus the sensitivities for future supply pathways, such as demand, Solar PV penetration, gas price expectations, coal-plant closure, and storage technology costs, with a wide range of implications for gas and renewables.
- Goodbye baseload-only generators? The ability for renewables to provide flexible generation indicates a considerable shift away from baseload-only generation in the NEM, towards a more flexible modern system.
- Australia’s 2030 emissions target – are we locking in failure? The future shape of the NEM will ultimately be determined by Australia’s medium and long-term emissions targets, which will dictate the rate and pace of change. However, a “wait and see” policy approach may mean waiting until it’s too late, with the wrong investment today likely to lock Australia into missing its 2030 target.
To access a detailed summary of our latest Market Study, “A cost curve for emissions reductions & energy storage in the Australian electricity sector “, please click here >>
EVENT DETAILS
This event was held on Thursday March 23, 2017.
To access these event slides, please view the Downloads box below.
