The energy minister argues that households will not pay any more electricity bills under the changes the federal government is considering.
Angus Taylor is considering changing the way the energy system works so that it will be paid for the availability of dispatchable power plants such as coal and gas.
East Coast markets will follow what is happening in Western Australia.
“We only pay for energy, we don’t pay for availability, or dispatchability, which is a generator that can be flicked quickly when needed,” Taylor told Australians on Friday.
“But we need to strengthen these signals to the market and investors. We want this dispatchable generation to balance the influx of sunlight and wind.”
It’s about giving the industry certainty, keeping power plants open and investing in new ones.
“If it makes sense to do so, including coal, it is very important to see the retention of our dispatchable generation,” the Minister said.
The plan will pay more for the electricity giant, but Taylor doesn’t think the cost will be passed on to consumers.
“No, I don’t think they need to do that,” he said.
Instead, the minister believes it will put downward pressure on prices.
His focus is to make sure that enough power is available from the power source in the evening when sunlight is not producing energy.
Battery storage is another option being considered by the Energy Security Commission in a treatise on how to plan the future of power systems.
The treatise concludes that if the plan is implemented now, governments and industry will have time to build more reliable and cleaner power systems.
The influx of renewable energy and the abolition of old coal-fired power generation are pushing existing energy systems to technological limits.
The ESB is set up to advise the Energy Minister in the middle of the year on the best way to address many of the issues associated with the operation of new systems.
“The rapid spread of large-scale wind and solar power along with rooftop solar power across Australia means that our energy system is undergoing the fastest and greatest changes in the world. “EsB Chair Dr. Kelly Shot said.
“We are preparing the advice the Minister needs to enable the key decisions needed for an affordable, reliable and safe power system that can ultimately operate at zero net emissions. I will. “
The first of the four work areas is to prepare for the orderly abolition of coal-fired power by allowing timely entry of new generations, storage and deterministic capabilities.
The second area of work required is backing up the security of the power system.
Security is keeping the lights on by keeping the technical parameters of the power system, such as voltage, frequency, and current flow, under control and within safe limits.
The third innovation is to ensure that consumers who install solar, batteries, and smart appliances can enjoy the benefits of doing so without endangering their systems.
The fourth reform is to open the power grid to cheaper, larger renewable energies through a series of priority “renewable energy zones.” This will ensure that power generation and transmission are planned.