Australia must invest at least $12.7 billion in the electricity grid as “urgently as possible” to get to net zero without raising the risk of higher energy prices, the energy regulator has warned.
In a highly anticipated report published on Thursday, the Australian Energy Market Operator (AEMO) mapped out the next 30 years of the electricity grid, including the mammoth investment required to deliver 100 per cent renewables as fossil fuel power stations continue closing.
