by Staff Writers
Melbourne, Australia (SPX) Nov 02, 2015
The Clean Energy Council is calling for energy market reform to be accelerated and for renewable energy to be at the centre of market design and reform initiatives, following comments about South Australia's energy system reported in the media this week.
Clean Energy Council Chief Executive Kane Thornton said Australia needed a proactive approach to reforming and evolving our energy markets to take full advantage of the inevitable increases in renewable energy use in the 21st Century.
"South Australia is leading the world in the uptake of new renewable energy technology and now generates about 40 per cent of its electricity from technology such as solar and wind. Even with the state's remaining coal-fired power generator shutting down next year, the independent electricity market operator says the system will remain secure and will meet its reliability standards - meaning at least 99.98 per cent of power demand will be served," Mr Thornton said.
"Given the massive engineering and innovation capability and innovation in Australia, there are many options available to ensure a stable and strengthened energy system that can support more renewable energy and the exciting growth of battery storage. Leadership in energy market reform is essential to create the incentives for these solutions.
"Policymakers and regulators have universally underestimated the rollout of renewable energy to date. South Australia has shown that renewable energy can be deployed faster and at lower cost than expected, delivering a massive economic boost to the state. With ongoing cost reductions and new battery storage technologies, the pace of change will only continue to accelerate.
"While the transition has been happening for some time, it is becoming increasingly apparent that policymakers, regulators and market operators need to take a more strategic approach to prepare for the changes in our electricity system that will be needed," he said.
Mr Thornton said 13.5 per cent of the electricity Australia used in 2014 was generated by renewable energy, and the South Australian example showed there was huge scope to increase the use of clean energy in the rest of the country out to 2020 and beyond.
"South Australia has turned some of the best renewable energy resources in the world into a major business opportunity, attracting about $6 billion worth of investment and creating thousands of jobs."
Clean Energy Council
All About Solar Energy at SolarDaily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|