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from the sustainability sector Lauren Davis

In June, Australia’s Chief Scientist Dr Alan Finkel unveiled his blueprint to optimise the National Electricity Market as a world-class electricity system, and the response from Australian sustainability organisations has been mainly positive.

T

he review was originally

transition. Luke Menzel, CEO of the Energy

hydro as a key to energy security as it

announced on 7 October

Efficiency Council, agreed that “there is an

focuses on strengthening reliability in the

2016, shortly after the

urgent need for transitional government sup-

National Electricity Market.

September black system

port for gas efficiency to ensure the viability

The report states: “Battery and pumped

event in South Australia.

of manufacturing over the next five years”.

hydro storage will be able to support a reli-

It drew on an extensive

Total Environment Centre thanked Dr

able and secure NEM, as and when they are

public consultation process, with more than

Finkel for adopting its recommendation to

deployed at scale.” As noted by Snowy Hydro

390 public written submissions received and

reinterpret the National Electricity Objective

CEO Paul Broad, the Snowy 2.0 project will

around 450 attendees at public consultation

(NEO) to take account of emissions policy.

play a key role in both ensuring security

sessions held in five capital cities in early

As noted by TEC Energy Market Advocate

of supply and backing up the expected big

2017. The review also undertook more than

Mark Byrne, “The Finkel Panel accepted

increase in intermittent supplies — wind

100 meetings with stakeholders.

TEC’s proposal for the Australian Energy

and power — in the market.

Dr Finkel’s blueprint will deliver four key

Market Commission (AEMC) to be given

“Snowy 2.0 fulfils the objectives of the

benefits for the electricity system: future

greater direction to consider decarbonisa-

Finkel Review on energy security, in that it

reliability, increased security, rewarding

tion of the electricity sector in making its

can uniquely provide the largest scale and

consumers and lower emissions. It will ap-

decisions.

affordable storage of renewable energy to

parently use three pillars to achieve these outcomes: orderly transition measures, system planning and stronger governance.

The Finkel Review argues that households, commercial

The Energy Efficiency Council has ap-

buildings and large industrial energy users can all

plauded Dr Finkel’s recommendation that

benefit from cutting energy waste, with benefits for the

governments ramp up efforts on energy

energy system overall.

efficiency to cut demand, lower consumer bills and reduce the need for investment

“Our submission made a clear and

support the reliable and secure power supply

in new infrastructure. The Finkel Review

compelling case for how the energy market

that is needed for Australia to move safely

argues that households, commercial build-

had suffered over the last decade from not

to a low-emissions economy,” Broad said.

ings and large industrial energy users can

internalising carbon costs and not facilitat-

“The Finkel Review rightly points to

all benefit from cutting energy waste, with

ing decentralised and renewable energy

the importance of pumped hydro as an

benefits for the energy system overall.

generation, energy efficiency and demand

essential back-up to intermittent wind and

management — all of which will benefit

power to protect consumers and business,

consumers,” Byrne continued.

and ensure we don’t face the catastrophic

Dr Finkel highlights the opportunities to improve gas efficiency in energy-intensive industries, but also notes that energy us-

Finally, Snowy Hydro Limited welcomed

ers are likely to need support to make the

the support of the Finkel Review of pumped

10 Sustainability Matters - Aug/Sep 2017

supply failures that we have seen in South Australia.”

www.SustainabilityMatters.net.au

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Finkel Review gets thumbs up

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Sustainability Matters Aug/Sep 2017  

Sustainability Matters is a bi-monthly magazine showcasing the latest products, technology and sustainable solutions for industry, governmen...

Sustainability Matters Aug/Sep 2017  

Sustainability Matters is a bi-monthly magazine showcasing the latest products, technology and sustainable solutions for industry, governmen...