Energy Insiders - a RenewEconomy Podcast

Changing the rules of the energy game

9 snips
Nov 22, 2024
Tim Jordan, a Commissioner with the Australian Energy Market Commission, shares insights on the dynamic rules of Australia's electricity grid. He discusses the need for significant rule adaptations to meet evolving energy demands and infrastructure reforms. The conversation highlights the collaboration among energy bodies to manage increased renewable supply and emphasizes consumer participation in the energy market. Jordan also touches on challenges in energy governance and the exciting advancements in large-scale battery projects reshaping the energy landscape.
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INSIGHT

Rapid Energy Transition

  • The Australian electricity market is undergoing a rapid transformation, requiring frequent rule changes.
  • This shift involves decarbonization, climate resilience, and consumer resource integration.
INSIGHT

Constantly Rewriting the Rules

  • The Australian Energy Market Commission (AEMC) constantly rewrites energy market rules.
  • This process is driven by government decarbonization targets and consumer interests.
ANECDOTE

Vales Point Example

  • The AEMC prioritizes rule change requests based on urgency and potential impact.
  • An example is the urgent request from Vales Point for cash security to continue operating.
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