- National energy grid facing summer pressures as market operator calls for “urgent investment” in generation.
- AEMO has given a more negative prediction for the next ten years.
The Australian Energy Market Operator (AEMO) has called for urgent investment in the country’s power generation. The market operator stated that without action, the dependability of the National Electricity Market (NEM) could be in danger.
In its latest market forecasts, the AEMO gave a more negative prediction for the next ten years, stating that the situation had worsened since its update in February. There are concerns about the possibility of power supply issues in South Australia and Victoria this upcoming summer, which might persist in Victoria throughout the next decade.
The national power grid is expected to face significant problems in terms of reliability over the next ten years, especially this summer if there isn’t swift investment in generating and transmitting electricity. The report identifies several factors that worsen the grid’s reliability outlook. However, it also acknowledges that some measures taken by different governments could help reduce these risks. One of the main problems on the horizon is that coal-fired power plants are becoming less reliable as they age, and many are getting closer to being shut down. Additionally, unexpected shutdowns of power generators are happening more frequently than previously expected.