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7 April 2021 Key energy market reforms in Australia’s main grid face a do-or-die moment, with proposals for a substantial redesign of the National Electricity Market sitting with federal energy minister Angus Taylor, who will decide how, and if, they progress. The Energy Security Board (ESB) has been tasked with developing a substantial redesign of the National Electricity Market to ensure the market remains ‘fit for purpose’ for the way electricity is produced, transmitted and used undergoes dramatic changes as new clean energy technologies can market share. The re-design is considered essential for the ongoing uptake of wind, solar, storage and demand management technologies, and is regarded as the most important event in the electricity market since the NEM original design more than two decades ago.

South australiaNew south walesAlan finkelMichael mazengarbAngus taylorClean energyEnergy national cabinet reform committeeAustralian energy market commissionNational energyNational electricity marketEnergy security boardGrid innovation hubMarket design options paperClean energy targetNational energy guaranteeதெற்கு ஆஸ்திரேலியா