Australian Energy Market Commission (AEMC) reposted this
Household electricity bills could be 13 per cent lower in 10 years’ time, driven by the continued rollout of large-scale renewables and storage. That is the headline message from the Australian Energy Market Commission (AEMC)’s latest analysis of Australia’s clean energy transition. The report highlights the importance of wind generation as a key resource in putting downward pressure on energy prices, as it brings diversity alongside solar generation. It also found that reducing delays in connecting new generation helps provide downward pressure on pricing, and that maintaining transmission investment is core to keeping prices as low as possible. Our Chief Executive, Kane Thornton, said: "The bottom line of the AEMC’s review is that renewables firmed by storage and transmission, coupled with continued consumer-led investment in rooftop solar and batteries, place Australia firmly in the driver’s seat to deliver tangible cost of living relief." For more on the economic benefits renewables can bring to communities, check out our recently released report, Billions in the Bush: https://lnkd.in/geacfS5r #cleanenergy #renewableenergy https://lnkd.in/gQa-2S_h
Electrical Supervisor at Energy Solutions Group Pty Ltd
1wThe AEMC's 10-year analysis highlights a significant opportunity for Australian households to reduce overall energy costs through electrification, signaling a positive shift in the nation's energy transition. By broadening its scope beyond electricity prices to include the entire "energy wallet," this report provides a more holistic view of how transportation, heating, and cooking electrification can impact household budgets. It's encouraging to see the emphasis on effective planning and equitable access to ensure all Australians can benefit from this transition. However, the challenges outlined underscore the importance of coordinated efforts across industries and policymakers to address infrastructure, affordability, and technology access. With the right strategies, this transformation could pave the way for a more sustainable and cost-effective energy future for all households.