OPINION: Including “old technology” in the capacity market means we can hit our 2030 emissions reductions targets while keeping the energy system stable.
The chaos and outages we are observing in today’s market – while influenced by an international energy squeeze – are the result of yesterday’s decisions and investment signals.The Renewable Energy Target encouraged wind and solar to be built, and we got it in spades, which is terrific.
So, it should not come as a surprise that outages in ageing coal-fired power stations have become more widespread and frequent, or that we’ve been left scrambling to put a plan in place to fill those gaps as manufacturers go to the wall, and households pay for decades of poor planning.State governments that want to exclude coal and gas prematurely would be tempting fate.is showing promising signs of being willing to trust the experts’ advice on the next steps in the transition.
On the east coast our suggested way forward is to include coal and gas in this type of scheme until 2029, and to review their inclusion regularly from that point forward. That way we can hit our 2030 emissions reductions targets and keep our energy system stable in the meantime.A capacity market could also target different types of capacity for different periods of time.
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