AUSTRALIA PLANS FOR NEW CAPS TO RENEWABLE CONNECTIONS TO ITS POWER GRID

Highlights
• Regulators have given green signal to plans for new caps to renewable connections to its power grid in an attempt to bring down the risks associated with network congestion
• These connection caps with tender processes would help the orderly introduction of new generators


As the uptake of renewable energy generation risks overburdening a transmission system, Australia is all set to overhaul its power grid to improve its stability.
According to a report published on Tuesday, regulators have given green signal to plans for new caps to renewable connections to its power grid in an attempt to bring down the risks associated with network congestion in the middle of weather-dependent renewable power.
The report said that these connection caps with tender processes would help the orderly introduction of new generators and the improved stability would cut down the uncertainty for investors and benefit customers in the long-run.
In a statement, Angus Taylor, Australia’s Minister for Energy and Emissions Reduction said “The record levels of intermittent generation along with major thermal generator closures demands a clear focus on reliability and investment in reliable generation.”
He further said “The NEM needs to adapt to address risks to reliability, security and affordability we need long-term signals for private sector investment in reliable generation and storage, to replace existing generators with like for like capacity.”

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