new regulation for a new energy system: australian clean energy summit 2017
TRANSCRIPT
New regulation for a new energy system
Unlocking Australia’s renewable future
Tony Meehan, Executive Manager, Regulation
Australian Clean Energy Summit, 19 July 2017
#ACES2017
New regulation for a new energy system 2 /
32% of
Australia’s
population
34% of energy
consumed in
the NEM
NSW sits between the
2nd and 3rd largest
regions in the NEM
Backbone of the Australian National Electricity System
NSW
New regulation for a new energy system 3 /
Disruption at the source of energy
Existing large generation
Coal 49%
CCGT 5%
OCGT 14%
Gas other 5%
Solar* 0.58%
Wind 9%
Water 17%
Biomass 1%
Other 0.30%
Coal CCGT OCGT Gas other Solar* Wind Water Biomass Other
NEM existing generation capacity mix
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Technology has disrupted generation before
Pyrmont Power Station (1904 – 1983)
Pyrmont, Sydney
The Star (1995 – )
Pyrmont, Sydney
Image: Maksym Kozlenko
New regulation for a new energy system 5 /
Metropolitan generation in Sydney and Melbourne
Spencer Street Power Station (1892 – 1982)
Central Melbourne, Melbourne White Bay Power Station (1917 – 1983)
Rozelle, Sydney
New regulation for a new energy system 6 /
Transmission technology enabled coalfield generation
Hazelwood Power Station
(1964 – 2017)
Latrobe Valley, Vic
Munmorah Power Station
(1967 – 2012)
Central Coast, NSW
Bayswater
(commissioned 1985 – 86)
Hunter Region, NSW Image: Macquarie Generation
Loy Yang B
(commissioned 1996)
Traralgon, Vic Image: Marcus Wong Wongm
New regulation for a new energy system 7 /
A trajectory towards 100%
renewable generation is feasible,
and the technical challenges
associated with this
transformation can be met in a
way that is affordable for
consumers.
Connection of large-scale renewable generation in areas with abundant renewable resources could
be enabled by extension of the transmission network to those areas.
The transition to large-scale renewable sources of energy will
be enabled by transmission
New regulation for a new energy system 8 /
Renewable
energy zones to
support the
national electricity
system
New regulation for a new energy system 9 /
A pathway towards
generation with a low
levelised cost of
energy (LCOE) that
meets emissions
targets.
Development of
transmission
networks to integrate
large-scale renewable
energy whilst ensuring
power system
stability
Mechanisms that
provide ancillary
services at the lowest
possible cost
Renewables Transmission as a
platform Security and stability Consumer focus
Market design
appropriate to the future
energy mix, that
promotes genuine
competition and
protects consumers
when there is
ineffective competition
Key elements
Transition to renewables at lowest cost