It’s time to acknowledge that we are moving away from the legacy grid towards a smart grid.
The peakiness of the demand is beginning to be obvious to electricity consumers, and that peak demand is only going to be magnified potentially leading to more load shedding.
There are vast changes coming in how we use electricity and they are only going to push peak demand higher. Increased peak demand is beginning to be obvious to electricity consumers as spot prices rise, but it is only going to get worse. It’s time for regulators to move away from employing the tools designed for the legacy grid of last century and let the smart grid take over.
Here at 1414 Degrees we have been putting together our submission for the Finkel Review of the National Electricity Market and want to share our thoughts on how grid security and reliability can be improved.
Immediate action must focus on removing the intermittency associated with renewables generation derived mostly from solar and wind.
This can only be achieved by embedding medium to large scale storage technology in the electricity grid.
It’s encouraging to see that investment in renewable generation is on the rise again in Australia, and notable that, while clean energy investment may be down globally, installed capacity is actually rising as installation costs fall.
Reported in Renew Economy, Bloomberg New Energy Finance (BNEF) figures released in January show that Australian renewables investment bucked the global trend to grow 49% in 2016.