Electricity Market Transformation: Challenges And Lessons Learnt And Environmental Finance And Market For Natural Capital

Description

The Australian National Electricity Market is being fundamentally transformed with ambitious targets for emissions reductions. In the past few years there have been significant price rises to consumers, wholesale market disruptions, and an increasingly contested policy environment. It has become increasingly clear that important pieces of the required infrastructure to support “decarbonisation” are running behind schedule and over budget, and the announced closures of coal

fired power stations are being rethought. Commencing with a brief history of the Australian electricity sector, this lecture will discuss some of the challenges and include in some detail how market regulations and design are being proposed to change. Electricity generation globally is being fundamentally transformed, but the policy approaches and institutional environment varies widely by jurisdiction.This lecture will provide a cross country comparison of electricity market transformation,

particularly in Australia, Thailand, other Southeast Asia, US and EU

Outcome