All states and territories have already committed to reduce emissions and decrease the use of coal in their power grids to hit net zero by 2050. | Nick Toscano, Mike Foley
Large power companies and energy experts insist new rules to drive funds into gas-fired power stations will be vital to backing up renewables and smoothing the energy transition, but some state and federal ministers are at loggerheads over the future of the fossil fuel., Australia’s energy ministers agreed to push ahead with sweeping reforms to bolster the electricity grid and ensure an orderly shift away from fossil fuels.
NSW Treasurer and Energy Minister Matt Kean said his preferred model for the capacity mechanism is the NSW Electricity Infrastructure Roadmap. It bars coal, but could include gas.The ACT has previously rejected the need for fossil fuels to back up renewables. “So, yes, we do need coal and gas to be included in a capacity market,” Alinta chief executive Jeff Dimery said. “If you were to exclude the roughly 60 per cent of supply provided by the Latrobe Valley in Victoria, there wouldn’t be much capacity left to call on.”
“I don’t know how you back up renewables with other renewables,” Wood said, noting that batteries recharged by wind and solar still needed to be supplemented with other power generation. Kerry Schott, former chair of the ESB and architect of the capacity mechanism design proposals brought to the energy ministers, said every country developing a renewable electricity grid has a capacity market and “it’s one of my great regrets that it has taken so long” to be brought into Australia.
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