Delivering cheap, clean power through more renewables
In another significant step towards 50% renewables by 2030, the Northern Territory Government has announced priority electricity market reforms to address system security and reliability, encourage private investors and maximise the amount of renewable power in the network.
These priority electricity market reforms will encourage investment in innovative solutions to the challenges of a modern energy market. Better integration of new, cleaner and cheaper power technologies in our electricity systems will boost industry and create jobs for Territorians.
These reforms will:
- improve coordination of solar and gas-fired generators
- ensure there is sufficient generation capacity available to meet consumers’ needs
- facilitate payments between retailers and generators
- improve the efficiency of the provision of essential power system security services (system services).
Electricity industry stakeholders will be fully consulted on the detail of the reforms and their implementation through stakeholder workshops and formal consultation papers.
Two consultation papers have been released today along with an invitation to join a stakeholder working group.
For more information and to view the consultation papers, read Northern Territory Electricity Market Priority Reform Program.