Schott says “two-sided” market turning energy sector on its head

Source: Renew Economy

28th November 2019

Australia’s energy regulators say demand response and distributed energy will play a critical and equal role in the new “two-sided” energy market, which they now concede will complete re-shape the National Electricity Market in the most fundamental reform since its creation more than two decades ago.

Kerry Schott, the chair of the Energy Security Board which is leading a wholesale review of the market that could be in place by 2025, says the industry is being “turned on its head” by the growth of rooftop solar and battery storage, and the growing acceptance of demand-side technologies.

Contrasting the way the National Energy Market operated when the current set of market rules were designed in the 1990s, Schott said that emerging technologies and changing consumer expectations necessitated reforms.

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