AEMO has today published the 2024 Integrated System Plan (ISP), the most efficient optimal development path of generation, storage and transmission investments to meet power system needs and support government emissions reductions policies as we head toward 2050 and a #netzeroeconomy. by 2050. AEMO CEO, Daniel Westerman, said: “AEMO has worked closely with industry, governments and consumer representatives to develop this plan in the interests of energy consumers.” “The plan maps out urgent investment so that homes and businesses continue to access reliable and affordable electricity, both in the coming decade when 90% of #coalgeneration is expected to retire, and beyond to 2050. “As with previous reports, this plan shows that the lowest-cost path for secure and reliable electricity is from renewable energy, connected with transmission and distribution, supported by batteries and pumped hydro, and backed up by gas-powered generation,” he said. View the report and insights here: https://bit.ly/45K0ocn View our #MediaRelease here: https://bit.ly/4eOQLgS
For the energy transition to succeed, community acceptance or social licence is needed. Governments have to listen to communities. 8.3 Social licence and supply chain risks to delivery The policy, market and operational settings noted above are largely in the hands of the energy industry. Even if they are in place, delivery of the optimal development path (ODP) and the energy transition would not be guaranteed. Risk that social licence for the energy transition is not being earned Social licence – or the ability of governments, organisations and project developers to build and maintain trust and acceptance with those groups and communities most affected by the impacts, opportunities and challenges the energy transition affords – will be critical in enabling its success. The (AEMO) Integrated System Plan (ISP) is clear in its call for urgent investment in the energy transition. Yet for the energy transition to succeed, community acceptance or social licence is needed in three areas: • local community acceptance of new infrastructure development, • owner acceptance for the ‘orchestration’ of their consumer energy resources (see above), and • broad social acceptance of the energy transition itself.
Look forward to the 2025 edition with updated scenarios.
2 years of development, 2100 stakeholders engaged… Yet zero bioenergy… In Europe, bioenergy is 60% of renewable energy consumption.
When a national agency goes against world trend ( read nuclear), you know straight away the report is seriously flawed. We then have a right to expect we the taxpayer are having a potential lemon forced onto us. This lemon will mean we will revert to a lower standard of living. Akin to moving back to cave dwelling!
Can't wait to see Aidan Morrisons analysis on this version.
Risk Management - because time travel hasn’t been invented yet
2wStill wading through it but so far it’s an impressively entertaining piece of fiction. Any suggestion that we can run the country, let alone rebuild our sovereign manufacturing and energy independence, using weather dependent part-time energy is laughably delusional. Over $600 BILLION of conveniently opaque and undisclosed and “out of scope” CER costs (domestic batteries and EVs) are REQUIRED to get remotely close to AEMO’s $121 BILLION CAPEX cost. Oh and AEMO is assuming that consumers will hand over control of their private property assets to the network operator for FREE. Yes, it’s laughable.