NSW facing power 'gaps' within three years as calls grow for urgent investment in grid

  • 📰 abcnews
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 83%

Business News News

Business Business Latest News,Business Business Headlines

The state is set to bear the brunt of reliability gaps in Australia's biggest power system as mass coal-fired power exits hit.

abc.net.au/news/nsw-facing-power-gaps-within-three-years-energy-grid/102002862New South Wales is set to bear the brunt of reliability risks in Australia's biggest electricity network as mass coal-fired power exits hit before sufficient replacement capacity can be built, the system operator has warned.

AEMO's boss, Daniel Westerman, used the findings to reiterate calls for the urgent development of new generation, transmission and "long-duration" storage to replace the coal leaving the system.The call came as network provider Transgrid revealed a high-voltage power line between NSW and Victoria had been fast-tracked by the Andrews government to ensure more renewable energy could be hooked up to the grid.

"Urgent and ongoing investment in renewable energy, long-duration storage and transmission is needed to reliably meet demand from Australian homes and businesses," Mr Westerman said."These gaps widen until all mainland states in the NEM are forecast to breach the reliability standard from 2027 onwards, with at least five coal power stations totalling approximately 13 per cent of the NEM's total capacity expected to retire.

Market operater Daniel Westerman is confident the lights will stay on despite the exit of so much coal power. "Investment in firming generation, such as pumped hydro, gas and long-duration batteries, is critical to complement our growing fleet of weather-dependent renewable generation to meet electricity demand without coal generation," Mr Westerman said.The release of the updated forecast coincided with research from think tank the Australia Institute showing a big plunge in renewable energy investment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bring on the load shedding. I will do all in my power to ensure blame rests where it belongs, on the renewable activists that refuse to accept the shortfalls of their utopian nonsense. Rolling blackouts will dissolve their remaining social capital. Then we can get to work.

Can someone get a comment from the minister or is he in witness protection again Bowenchris BenFordham

But let's massively ramp up immigration for the next few years... great thinking.

Are you kidding? They are calling for investment & the lights are going off in less than 3 YEARS! Its like sitting down for a plate of eggs before you even bought the chickens (only MUCH worse - you could buy chooks today & have eggs tomorrow) - this is a HUGE mess!!!

The true cost of renewables is blackouts

A grid doesn’t generate electricity, a power plant does.

ABC journalism and their readership

It’s time we went nuclear power everyone is getting into them except Australia and Germany

Why invest in the grid if you can blame Putin and say that he is weaponizing energy?

Increase solar tariffs..then offer home solar homes incentives to install home solar batteries. .

Build more dam's across the country with hydro power generators on them

What do you expect!!! NSW has been run by a corrupt and seriously incompetent self serving bunch of mutual back slappers for the last 12 years. Surely you didn't expect them to accomplish anything worthwhile!

the left will not be happy until we live in caves. if we live. the fools.

It’s going to happen even if wind and solar had been part of the mix 15 years ago. They simply don’t produce enough power compared to gas or coal. We need more coal fired power stations and nuclear. F*ck wind and solar - which should never be called “renewables”.

Happy days. I hope to have a few wind turbines of my own up and running.

I have no faith that you nor the government will fix this issue.

the sales contracts for our power stations gave the green light to the price gougers...........crazy

dk_mercer RNBreakfast Bowenchris Why not show Table 1 with the gaps? What is the power requirement for Sydney's 2nd Sydney airport inluding the Aerotropolis? flyWSA All the apartment towers planned for the Sydney Olympic Park? sydolympicpark

dk_mercer Vales Point is now owned by Czech brown coal baron Pavel Tykac (Thanks FIRB!!) He specifically mentioned in an interview with the AFR that he believes his plant will be needed RNBreakfast Bowenchris (as more power hungry projects go ahead)

The government loves pushing people to self finance the home power generation. Saves millions in new power plants, so why not redirect the savings into infrastructure. No accountability!

The Renewable Energy Industry & the Labor Party have been taking Australians for a ride when it comes to power-generation/supply/cost.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines