More than $12 billion of investment in new transmission lines should begin 'as urgently as possible' to ensure electricity supply is secure in the coming decade, according to the Australian Energy Market Operator.
The call for urgent action was issued in the AEMO's latest "integrated system plan" , its 30-year roadmap for supplying reliable and affordable electricity while also reaching net zero emissions by 2050.
Collectively, the projects are estimated to cost $12.8 billion, but are considered fundamental to support future electricity generation and storage options. "Australia is experiencing a complex, rapid and irreversible energy transformation," AEMO CEO Daniel Westerman said in a statement.Transmission upgrades are needed to allow renewable energy and storage facilities scattered around the country to connect to the grid, and to accommodate "two-way" flow from storage facilities and rooftop solar.
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