ElectraNet is encouraged by the COAG Energy Council’s acknowledgement of the important role interconnectors play in the transitioning energy sector, and their commitment to review the regulatory test for investment in new transmission assets.
Increased interconnection in the National Electricity Market (NEM) will help facilitate lower electricity prices, improve system security and increase the capacity to integrate renewable energy into the network. ElectraNet is ready to work with the government and other key stakeholders to realise these benefits.
ElectraNet is working to explore potential solutions to help address the increasing challenges of transitioning to a low-carbon economy and the changes this creates in the electricity generation mix and supply networks; one solution being a new interconnector from South Australia to New South Wales.
“South Australia is at the forefront of change in the energy industry. Leading the world in the integration of renewable energy, we are facing increasing challenges that need a range of new solutions. Stronger interconnection is one of the solutions,” said Steve Masters, Chief Executive at ElectraNet.
“Government support to ensure that regulatory settings do not present barriers to investment will mean that we can take the leaps required to transition to a lower carbon economy and innovate beyond the traditional structures of the supply chain,” Steve said.
Name: Joshua Zugajev
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