AEMC Flags Urgent Need for Power Grid Investment

📊 NEM Reliability Report 2024 is out — here's what matters:

✅ Reliability Intact:

No breaches of national reliability standards in FY2024.

⚠️ But Trouble Ahead:

AEMO warns of reliability gaps as early as 2026–27 if new investments aren't made beyond current commitments.

🔋 Battery Boom:

Utility-scale battery capacity doubled

Distributed batteries tripled

⚡ Market is adapting, but still not enough to close upcoming supply gaps.

📉 Changing Price Signals:

As renewables grow, wholesale price patterns are shifting.

📌 Smarter price signals + battery orchestration = better stability & customer benefits.

🛠️ System Security Still at Risk:

Reliability is solid, but system security remains vulnerable.

🕒 Early action on essential services is crucial to avoid instability.

🔒 Safety Record:

Zero major safety incidents reported in FY2024.

🗣️ AEMC’s Bottom Line:

Australia’s grid is evolving fast — reliable, secure power needs serious investment in renewables, batteries, and backup systems. Delay = blackout risk.

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