Business
New gas-fired power not needed as renewable energy expands, grid operator says – The Guardian
A roadmap for an optimal electricity market suggests gas prices will need to stay low to compete with alternatives on renewable grid
New gas-fired power is not essential for a grid increasingly based on renewable energy, and gas prices will need to stay low if it is to compete with alternatives, according to the government agency responsible for the electricity system.
The Australian Energy Market Operator (Aemo) has released a roadmap detailing what an optimal national electricity market would look like to 2040 if it was designed with a focus on security, reliability and the lowest cost for consumers.
Its integrated system…
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