Australia's power market operator says the outlook has improved for the country's biggest grid, but the risks of delays to new projects loom large.
The Australian Energy Market Operator has downgraded its warnings about the risk of power shortages in coming years.AEMO chief executive Daniel Westerman said despite the positive forecast, it was "critical" that other new projects would be delivered on time.The body that keeps the lights on in Australia's biggest electricity system has scaled back its warnings about the risk of power shortages in coming years amid efforts to buttress supplies.
Among them was 3.9 gigawatts — and 13.5 gigawatt hours — of batteries, 1.2 gigawatts of large-scale solar and about 400 megawatts of wind power.On top of this, AEMO noted that households and businesses continued to add ever more solar power to their rooftops, although this tended not to lower "the scale of peak demands during extreme hot conditions".
"Compared to last year's report, the reliability outlook has improved, assisted by the progress of 5.7 gigawatts of grid-scale generation and storage, and 365km of new transmission developments. To insure against the risks in the short-term, AEMO said it would seek a requirement for retailers to ensure they had enough supplies to meet a one-in-two-year peak in demand.As well as this, the agency would try to lock in contracts with big energy users to ensure they could pare back or switch off their demand in the event the system came under severe stress.
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