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In Australia, we are taking a different approach to many of the other schemes around the world that seek to incentivise the energy transition and moving the dial on how and when government and consumers should incentivise new energy infrastructure.
A new innovative financial instrument and market incentive mechanism that supports consumer and community benefits in the energy transition.
The energy transition is well and truly underway in Australia. Our innaugural competitive tender for generation and storage infrastructure in New South Wales was the first in a 10-year rolling tender process to support our state's energy transformation.
The $32 billion estimate for building NSW’s REZs this decade is looking outdated, but Energy Corporation of NSW CEO James Hay says consumers will benefit.
New South Wales is tendering for firming resources that can dispatch energy to the grid for two hours or more.