Transformation in the electricity industry is occurring at an astounding rate. What’s more, it’s happening globally and Australia is pretty much ground zero. As a result, a new energy ecosystem is emerging. Accenture has recently released three reports which cover different aspects of this new ecosystem. These are the ‘New Energy Consumer’ report, ‘Digitally Enabled Grid’ report and the combined report for the ENA and CSIRO titled ‘Insights from Global Jurisdictions and Evolving Business Models’.
Some initial thoughts following articles about the mooted closure of Hazelwood Power Station as early as April 2017.
Two slides (from BNEF and AEMO) that provide some context on the energy transition
A starting list of factors that I’d look further into, if I was sucked into the “rabbit hole” of assessing all of the contributing factors leading to the Remarkable Prices seen in Q2 2016 – and which could continue into the future.
A figurative illustration of the broad range of people we’re increasingly seeing weighing into the discussion about the future of the energy sector. Itself a challenge for the transition.
Quick note about energy transition