A new Clean Energy Council-led report reviews electricity market policies and makes recommendations to drive benefits of renewable energy
The increasing uptake of renewable energy solutions like solar and energy storage, as well as demand management solutions, are changing the shape of our energy system. More than 1.4 million households and businesses now have rooftop solar, a large-scale Renewable Energy Target is firmly legislated and declining energy storage costs are set to see storage play an increased role in the short to medium term.
These and other disruptive technologies are driving significant market reforms, creating both risks and opportunities.
A new 'first of its kind' report, prepared by Marchment Hill Consulting, examines the market conditions and policy settings currently in place both here in Australia and overseas, how these can maximise the benefits of renewable energy deployment, and contains recommendations on how policies and incentives can be best structured.
The 'Review of policies and incentives' report investigates policy issues and opportunities, and presents possible short-term and longer-term priorities that focus on the connection of renewable energy generators to distribution grids.
The report's 17 main recommendations reach across most aspects of the electricity market and should be considered by industry stakeholders as future electricity market reform opportunities.
The report and a simple fact sheet are available on the Clean Energy Council website and were published with funding support from the Australian Renewable Energy Agency as part of the Future-Proofing in Australia's Electricity Distribution Industry (FPDI) project.
For more information and to download these documents, visit cleanenergycouncil.org.au/fpdi.