Australia has seen unprecedented levels of investment in large scale wind, solar and storage in recent years, creating a clean energy economic boost for the country. This has been coupled with a consistently strong appetite for residential-level solar and storage installations across the country.
These actions present an opportunity for the country to harness the decarbonised energy system it is creating for maximum benefit and to ensure security of supply as coal-fired plants are set to be decommissioned.
Its recommendations to “turbo-charge” clean energy innovation and modernise Australia’s energy market are ways the country can move towards an entirely renewable grid.
MAKING IT WORK
The Clean Energy Council notes that any fundamental redesign of the Australian energy market and grid would require a “modern” and “fit-for-purpose” governance framework to underpin it.
A regulated framework provides strong backing for the emergence of new energy businesses with different retail models, to harness the potential of a decarbonised grid.
Flux recognises that pursuing this energy future will make the relationship between parties that make, move, sell and use energy more complex than ever before.
We have the capability to work with visionary companies that want to take the lead transforming energy retail while ensuring that their customers remain at the heart of what they do.
With Flux, retailers can drive cost out, and bring value into their business. They can move faster, price smarter and are able to integrate widely to win in the rapidly evolving energy landscape.
TIME TO MOVE
The Clean Energy Council also recommends a Federal Government commitment to not funding, supporting or underwriting any new coal- or gas-fired electricity generation for Australia.
It notes that about three-quarters of the country’s coal-fired plants are now operating beyond their intended design life.
The sector’s recent actions reinforce this sentiment, with the closure dates of three major coal-fired plants brought forward by up to seven years.
While there is still dependency on non-renewable power generation in Australia, the country does have the key building blocks - wind, solar, hydro and energy storage - to begin decarbonising its energy system.
The key is what energy businesses do with these building blocks - such as using the right software to underpin virtual power plants and wide-scale demand response - to build a reliable and responsive offering for their customers.
The move away from centralised energy generation and distribution can seem overwhelming. The speed and agility offered by Flux products enables retailers to be prepared for this and any other changes that may come with new energy technologies.
Get in touch with us today to see how your company can play a part on the road to a renewable energy future.