Creation of local renewable zones is the game changer Australia’s energy transition needs

The Queensland government’s launch of ‘Local Renewable Energy Zones’ (L-REZ) in Caloundra and Townsville may prove to be a significant opportunity for energy market realignment and innovation.

The recently released Integrated System Plan shows that customer-owned distributed energy resources (DERs) such as rooftop solar, electric vehicles, and batteries have the potential to be the largest source of generation, storage, and firming capacity by 2050.

As Australians enthusiastically adopt DERs, the urgency to integrate them into the electricity system becomes increasingly apparent. DERs are shaping the future of the electricity system, and the National Energy Market (NEM) rules must evolve to use them most efficiently. Failure to do so would lead to stranded assets, inefficient large-scale investments, and increased electricity bills.

https://reneweconomy.com.au/creation-of-local-renewable-zones-is-the-game-changer-australias-energy-transition-needs/