Australia’s next energy boom is storage

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Via the AFR:

The influx of solar and wind power into the energy grid could trigger federal rules forcing retailers to guarantee supply, driving a wave of new gas power plants to reduce the chance of blackouts.

The country’s top energy policy adviser, Kerry Schott, said the rise of green power without matching new firm generation could trigger the Retailer Reliability Obligation, which came into effect on July 1, in the next few months.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.