The Federal Government seems to have finally woken up to Australia’s energy crisis, but aside from political rhetoric, what are the real solutions to the current situation?
Raft of long-term measures announced
Prime Minister Malcolm Turnbull announced a raft of measures designed to tackle the shortfall in supply and resulting skyrocketing prices. With flagging poll results, the coalition announced the expansion of Snowy Hydro and new power plants around the country.
Mr Turnbull has also wagged the Prime Ministerial finger at gas producers because of their recalcitrant attitude and has pledged to slap export restrictions on them if they do not supply enough gas to meet domestic demand. As a result, he believes that Australians will get a better deal and more peace of mind.
Australia First Policy
The PM said that the Federal Government was adopting an Australia First policy and Canberra was determined to end the ludicrous situation where Australians are paying more for Australian gas than Asian export customers are.
But is that all enough? Respected power engineer Peter Farley, who has been in the energy sector for 45 years has laid out a detailed plan to solving the crisis, but he warned that there are no quick fix solutions.
Engineer lays out real solutions in detailed paper
The Engineers of Australia Deputy President chose his native Victoria as a model for the future. This is not the first time Mr Farley has tackled the issue and gave forewarning of the current crisis back in 2014 when gave a presentation about the issue to the Vernier Society. He has followed the unfolding drama since then.
In his new paper, Mr Farley outlined the following steps that need to be taken to address the crisis. His solutions are wide-ranging and include sorting out issues related to demand and supply, Australia’s ageing energy infrastructure, as well as alternative measures such as behind the meter generation. The research and conclusions are in-depth and free of political ideology. Mr Farley addresses the following issues:
- Addressing Peak Demand In Relation to Supply
- Addressing Australia’s Woeful Energy Grid Efficiency
- Introducing Demand Shifting
- Demand Reduction
- Behind The Meter Generation
- Energy Storage
- New Generation
- Demand Response strategies
- Storage Strategies
- Large Scale Thermal Generation
You can read Mr Farley’s paper in full here.
Learn how your business can be more energy efficient
As an energy broker and consultancy firm, Leading Edge Energy always has an ear on the latest energy market developments and on ways to save money on electricity and gas costs. We use these to provide businesses in Australia top-notch energy cost-reduction services ranging from multisite electricity tenders, solar and battery procurement, energy use monitoring and analysis, and more.
Need help improving your business’ energy efficiency? Give us a call at 1300 852 770 or email us at firstname.lastname@example.org, our Experts are ready to guide you!