Victoria Balkanises national electricity market

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Via Reneweconomy:

Victoria has announced a dramatic intervention – and set the stage for an interesting COAG meeting of state energy ministers next month – after announcing a split from national electricity rules in a bid to fast-track urgent grid upgrades and to unlock more large-scale renewables and encourage more big batteries.

Victoria energy minister Lily D’Ambrosio said on Tuesday that the state Labor government had decided to seek amendments to the National Electricity (Victoria) Act 2005 to override the current “complex and outdated” national regulatory regime.

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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.