With renewables over 50%, is the energy transition… succeeding?

Ten years ago, if there had been a heat wave as intense as last week’s record holder Australia’s power supply may well have collapsed when it hit the east coast. However, this time the system largely worked as we needed it to. some cuts.

Renewables and energy storage on Australia’s main grid in the last quarter contributed more than 50% electricity was supplied for the first time, and wholesale electricity prices fell by more than 40% compared to a year ago.

Australia’s long, complex and challenging energy transition is finally working.