In this edition of IES Insider, we assess how a 50% renewable energy target by 2030 would impact the National Electricity Market (NEM). We carried out wholesale market modelling to project changes to the mix of generation sources and future wholesale prices, as well as the impacts on consumers.
Our modelled target is introduced in 2017 and increases to 50% by 2030. The target applies to all generated energy (including rooftop PV) in the NEM and not separately to each state. While we haven’t modelled the Queensland and Victorian schemes individually, we provide the results of the renewables take up for these regions if a 50% scheme were to be applied across the NEM.
To read this article, please download the PDF version from the link below.