The journey to NEM 2.0
Australia made its first moves to open up its energy industry in the 1990s, when the National Electricity Market (NEM) was first created, and many of the rules and regulations from back then are still in place today. But the rise of renewables in the 21st century, argues Clean Energy Investor Group Chair Rob Grant, necessitates a rethink of this market structure.
Australia’s first electric lightbulb was installed in Sydney in 1863. For 130 or so years following that milestone, the electricity markets in Australia were planned, operated and regulated by state government-owned electric utilities.When brown coal was found in the Latrobe Valley in the early 1900s, the State Electricity Commission of Victoria – which was established …
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