An expert tasked with overhauling how the electricity system operates says government subsidies for new power generation should be temporary fixes that give way to a market-led solution that will come from a targeted overhaul of the rules.
The future National Electricity Market should ensure incentives exist to encourage generators to invest in new gas power plants as well as battery storage and pumped hydro, which will support weather-dependent wind and solar, said Tim Nelson, a former senior AGL Energy executive and one of four experts appointed to lead an overhaul of the markets’ rules.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.