Glut of power coming off grid as RET forces more in
Source: AFR, 13 Aug 2015
Australia's energy producers are planning to remove 4500 megawatts of capacity from the National Electricity Market, but there is still expected to be a glut of supply until early next decade, according to the national energy forecaster.
This is expected to be exacerbated by a projected 73 new wind farms and seven large-scale solar projects that are due to come on line to help meet the renewable energy target.
The latest update from the Australian Energy Market Operator found the pace of market withdrawal could leave NSW and South Australia unable to produce enough power on their own and they may have to rely on receiving power from other states.
The excess of supply will ensure there are no new base-load power stations built in Australia over the next decade.
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