The Clean Energy Council says the latest Energy Security Board (ESB) Post-2025 Market Design Options Paper is heading in the right direction, supporting a 21st-Century energy system in a decarbonised electricity sector.
"These market reforms represent a significant redesign of the Australian energy market that can encourage the much-needed investment in energy generation, storage that we require to provide clean, reliable and low-cost power," says Clean Energy Council Chief Executive, Kane Thornton.
Significantly, the options paper flags exit mechanisms for the inevitable closure of coal-fired power generators, although declines to intervene to distort the market in their favour.
"As Australia's energy system transitions to one that operates on clean, reliable and low-cost power, it is critical that any exit mechanisms support communities through an orderly exit, focus on bringing in new sources of energy generation such as batteries and pumped hydro, rather than extending the life of coal-fired power generators," says Thornton.
With a significant amount of detail to work through, the Clean Energy Council looks forward to working with members and the broader industry to deliver the best outcomes for the energy transformation already underway.
For more information or to arrange an interview, contact:
Clean Energy Council Media Manager
+61 409 470 683