The Federal Government’s review into the National Electricity Market (NEM) wholesale market settings is a crucial step in ensuring reliable energy supply as coal-fired generation phases out and renewables become the dominant energy source. With energy markets worldwide facing the challenge of balancing low-emissions, low-cost generation with the need for firmed energy supply, this review must identify reforms that incentivise investment in flexible, dispatchable generation sources. So, what will be needed in order for this review to succeed? We take a closer look.
