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.
As pointed out at the Senate Select Committee into the Resilience of Electricity Infrastructure in a Warming World by our Chief Energy Analyst, Robert Riebolge – imagine in the next three to five years a new consumer category coming on stream not currently planned for. This new category of consumer will emerge in the form of electric vehicles. Electric vehicle owners will be arriving home and plugging in their electric car at about the same time. What will happen to our electricity when this ‘plug in’ causes huge spikes in demand for short periods of time?
We know this time is coming. The car companies are predicting it and are designing and manufacturing for it. So why aren’t we on the front foot? Our current generation mix is not designed to meet this kind of demand profile – this needs a solution.
As Robert said “The world is watching how we deal with these pressing issues. Australia now has the opportunity to be at the forefront of this energy revolution, which has global reach.”