Fossil fuel-fired energy output hits record low levels in Australia's biggest electricity grid, triggering large falls in power prices spurred on by extraordinary growth in green energy.
Daniel Westerman, the chief executive of AEMO, said the March quarter highlighted the fundamental changes underway as the electricity system moved from fossil fuels to renewable sources.
"What these insights reinforce is that critical transmission investments … are needed to share low-cost, low-emission renewable energy with consumers," Mr Westerman said. "This is clear with the projects in Victoria's Murray River renewable energy zone that are burdened with generation impacts," he said.In a further sign of the transformation underway, Mr Westerman noted that renewable energy at one point in February accounted for almost 66 per cent of supply across the national electricity market — a new record.Demand for power from the grid is at record low levels thanks in large part to rooftop solar panels.
Mr Westerman said this phenomenon had helped push so-called operational demand — or demand for power from the grid — to record low levels.
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