The head of the Australian Energy Market Operator (AEMO) has warned today that Australia must accelerate its transition to renewable energy if it wants to avoid future price shocks. 9News
if it wants to avoid future price shocks, the head of the Australian Energy Market Operator warned today.
Moving away from international coal and gas supplies will help protect Australians from future price shocks.AEMO CEO Daniel Westerman says moving rapidly to wind and solar powers is the key to helping drive down soaring power prices . "Domestic thermal coal and gas prices are vulnerable to international events and conditions, as we've seen this year with the war in Ukraine," he said.
He says even after factoring in the cost of upgrading Australia's grid, including new technology and transmission lines, wind and solar will still be the cheapest forms of new power generation.Power supplies in Australia remain dependent on global gas and coal supplies and the impact of the Ukraine war.
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