Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Newcastle Herald
Newcastle Herald
National
Matthew Kelly

Hunter businesses face energy crunch

AEMO has called for urgent investment in generation, long-duration storage and transmission to achieve energy certainty.

The Hunter's peak industry body has supported the Australian Energy Market Operator's call for urgent investment in generation, long-duration storage and transmission to achieve energy certainty.

AEMO's most recent Statement of Opportunities released on Tuesday warned the reliability of the electricity grid was in doubt over the next 10 years without urgent new spending.

AEMO chief executive Daniel Westerman said timely investment in the grid was needed as Australia ended its traditional dependency on coal-fired generation and faced delays on major projects including Snowy Hydro's Hunter Power Project at Kurri.

Business Hunter chief executive Bob Hawes said the AEMO statement reflected the key concerns of businesses in the region, who will see the closure of Liddell power station in April with no major renewable energy projects in sight.

Bob Hawes

"Businesses have been holding their breath for some time now, with increasing uncertainty over pricing and reliability holding them largely at ransom," Mr Hawes said.

"The only certainty we've had is when traditional energy assets will be retired, which does not give businesses confidence to embark on growth or expansion plans, and in many cases casts a shadow on their ability to maintain current operations."

Energy bills are an acute source of concern for Hunter businesses, with 20 per cent indicating they were extremely concerned (on a score of ten out of ten), about the impact of energy costs on their ability to maintain existing operations and staffing levels.

Mr Hawes said the AEMO update reiterated Business Hunter's long-standing concern that renewables were not coming online fast enough, highlighting the planning pathway as a key constraint.

"Our State Election Platform makes several recommendations for the incoming government on energy policy. Eliminating planning queues for all renewable energy and energy storage projects via automatic state significant infrastructure status is high on that list," Mr Hawes said.

To see more stories and read today's paper download the Newcastle Herald's upgraded news app here.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.