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Reforms to the National Electricity Market are being encouraged by the Queensland Government to future proof the state’s energy supply and crucially, its significant CQ-based workforce.
The calls from the Palaszczuk Government come after the Energy Security Board chair, Dr Kerry Schott, said the influx of renewable energy and the retirement of coal fired power generation must be factored into a redesigned market.
Coal fired power stations at Gladstone, Biloela and Stanwell employ thousands and provide a positive contribution to the region’s economy, but Dr Schott warned it was impossible to overstate the rapid developments in the sector.
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The way we produce and consume energy is changing and Central Queensland is set to play a significant role and face impacts from the redesign of the National Energy Market, it has been revealed.
A shortlist of options for the National Electricity Market redesign released by the Energy Security Board addressed the influx of renewables and the retirement of coal generation.
ESB independent chair, Dr Kerry Schott AO, said it was impossible to overstate the scale and pace of change in Australia’s electricity sector.
She said reforms were needed to address the transformation. Energy Security Board Chair Dr Kerry Schott speaks during a discussion forum at the Clean Energy summit at the International Convention Centre in Sydney.