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Energy market rules needs revamping, says AEMO head

The transition of Australian growth in a new energy system might be held back due to the traditional rules that still exists, said the head of the Australian Energy Market Operator, Audrey Zibelman.


Devdiscourse News Desk Australia
Updated: 26-03-2018 17:19 IST
Energy market rules needs revamping, says AEMO head

“What I think is incredibly fascinating about Australia … is the rate of technology change and evolution in Australia is faster than almost anywhere in the world,” Zibelman said. (Image Credit: stadt-muenster.de)

The transition of Australian growth in a new energy system might be held back due to the traditional rules that still exists, said the head of the Australian Energy Market Operator, Audrey Zibelman. She said that Australia changing fast in terms of the energy market and need to think fast to be with the pace.

During a function at American Chamber of commerce last week, she emphasized on the fact that in the present scenario of fast-moving pace, the technological fast change has to be supported by the change in the market design.

"What I think is incredibly fascinating about Australia … is the rate of technology change and evolution in Australia is faster than almost anywhere in the world," Zibelman said.

In the same week, AEMO has also released a major document that mentions few areas where marketing is falling short. Demand response and battery storage are its main focus along with solar and wind connections, dar ahead markets and implementation of strategic reserves.

Zibelman pointed out that rapidly falling cost of renewable energy and rising acceptance of solar by consumers are two important present trends.

She also noted that the connection requests to AEMO for new energy capacity around 20,000 MW and all were for renewable energy.

She also reiterated the need for storage issues for solar and wind technologies to be sorted out and to constantly increasing digitization in the energy sector.

COUNTRY : Australia

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