Business
TransGrid’s $2.28b plan keeps flawed NEM alive – The Australian Financial Review
A new interconnector should help the transfer of coal-fired power and renewable energy between NSW and South Australia, but it won’t fix fundamental flaws in the…
The EnergyConnect project ticks all the boxes for a modern, well-functioning electricity network. It will provide greater network stability, cheaper electricity for households, help decarbonise the economy by bringing more renewables into the system, and will create 1500 jobs during the construction phase.
But it would be a mistake to think the promised top-line benefits mean the NEM is functioning efficiently in response to market forces.
Unfortunately, the CEFC stepping in is a clear indication…
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