Business
‘Absolute urgency’ needed to stop grid failure as renewables take off – Sydney Morning Herald
Renewables are set to make up more than 60% of the energy grid by 2030, but urgent reforms are needed to avoid power failures as the market switches from coal.
This rate of change exceeds the federal government’s projections, released in November, which said renewables would comprise 55 per cent of the power mix by 2030.
“It’s very good for emissions, but it means coal plants will retire faster than anybody thinks,” Ms Schott said. “Already, we’re seeing big coal plants are being operated below full capacity and they’re doing what they can to keep costs down.”
Energy Security Board chair Kerry Schott.Credit:Dominic Lorrimer
Coal plants are required to…
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