The Australian Energy Market Commission hosted a highly engaging forum this week that shone a spotlight on the evolution of distribution tariffs, services, and regulations in the context of a consumer-driven future.
The Connecting Policy and Research Forum brought together academic and policy practitioners to explore the critical role that researchers can play in shaping the future of the energy sector.
AEMC Chief Executive Benn Barr emphasised that the conference theme, ‘’Distribution Evolution – tariffs, services and regulations for a consumer driven future,’’ drew thought provoking parallels between the evolution of technology and the anticipated changes in distribution networks.
"Just as our early ancestors adapted to changing conditions, passing on their best attributes while developing new tools and behaviours, distribution networks must evolve to meet the demands of a rapidly changing energy landscape," Mr Barr explained.
The 2024 draft Integrated System Plan (ISP) forecasts that by 2050, consumer energy resources will supply a staggering 45 per cent of total capacity and 50 per cent of dispatchable capacity in the National Electricity Market (NEM).
"This capacity will sit on the distribution network, causing dramatic shifts in how households and small businesses manage their energy use and what they expect from the network.
‘’These changes will require adaptations in the services that networks offer, how they interact with retailers and customers through tariffs and other incentives, and how they are regulated to ensure alignment among all parties in the value stream," Mr Barr said.
The conference featured a lineup of distinguished guest speakers, including;
- Paul Simshauser, Chief Executive of Powerlink, who shared his extensive expertise around network tariffs.
- Lachlan Blackhall, Deputy Vice-Chancellor Lachlan Blackhall, Deputy Vice-Chancellor (Research and Innovation) at The Australian National University, who spoke about the techno-economical aspects of distribution.
- Darryl Biggar, Senior Advisor at CEPA who asked the question - does the energy transition require an overhaul of the regulatory framework for electricity networks?
- And Sandra Gamble, Independent Chair at Marinus Link, who raised how we disrupt the status quo & allow markets to evolve.
"The AEMC remains steadfast in its commitment to providing advice to policymakers and amending rules that deliver long-term outcomes for consumers," Mr Barr concluded.
"We look forward to continued collaboration with researchers in shaping the future of the energy sector and ensuring a brighter, more sustainable future for all Australians."
Media: Jessica Rich, 0459 918 964 media@aemc.gov.au