The Australian Energy Market Operator (AEMO) has released its 2020 Integrated System Plan (ISP) that identifies the optimum development path for the National Electricity Market (NEM) that is expected to maximise consumer benefits and deliver $11 billion in net market benefits to 2040.
AEMO’s Managing Director and CEO, Audrey Zibelman, said the ISP undertakes a comprehensive review of the changes that are occurring in the electricity system and identifies the series of supply and network investments that can best meet consumer expectations of affordable and reliable electricity.
“The ISP analysis confirms that as our coal plants retire, the least-cost transition of the NEM will be to a highly diverse portfolio consisting of distributed energy resources (DER) and variable renewable energy (VRE), supported by multiple dispatchable resources,” Ms Zibelman said.
The work of producing the Final 2020 ISP has also highlighted essential market and regulatory reform needed to ensure consumers reap the benefit of the future power system.
Twenty year development plan for National Energy Market Released
Published: August 14, 2020
