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Blistering assessment gives Australia ‘just months’ to fix nation’s energy security
Australia has “just months” to fix major problems with the electricity market, according to a blistering assessment of the state of the energy sector.
Key points:
- The Energy Security Board says the energy market needs a rapid redesign to keep up with changing technology
- It says variable renewable energy sources are making it more difficult to maintain energy security
- Energy Minister Angus Taylor agrees action now is critical to minimise future disruptions
Chair of the Energy Security Board, Dr Kerry Schott, said “years of insufficient action” and “band-aid solutions” have characterised Australia’s response to growth of renewable energy generation.
She warned the market needed a rapid redesign to ensure the lights stay on.
Her comments came as…
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