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Energy industry of the future

The landscape of electricity and energy is constantly shifting and evolving in this day and age with developments in technology as well as the growing importance of taking care of the environment and implementing energy efficiency measures.

Many areas in Australia have been increasingly adopting clean energy measures such as solar power and wind energy, in efforts to avoid rising electricity prices and negative environmental outcomes such as contributing to damaging carbon pollution.

Of course the integration of new and different types of electricity sources into the market was never going to be without some level of disruption to the traditional operation of the sector, and a key part of the industry moving forward is learning how to assimilate the new and the old.

For example Queensland, a state blessed with copious amounts of sunshine, has seen a huge uptake of rooftop solar panel systems making the most of the state's natural resources and the cost savings that come along with it.

Queensland minister for energy and water supply Mark McArdle told the Committee for Economic Development of Australia (CEDA) that the state has to look forward to the next 30 years and put in place key infrastructure within the energy sector.

Mr McArdle commented that with the rate of change occurring in the energy industry, a number of challenging issues are arising for policy makers that must be addressed as the structure of the energy market is drastically different to what it was even just ten years ago.

Many old policies and attitudes are no longer relevant to today's energy landscape due to its dramatic changes and developments over the years.

According to the government's Clean Energy Future department, statistics show that Queensland, known as the 'sunshine state,' has the highest number of solar installations out of Australia's states and territories, with over 247,000 PV solar systems out of the country's one million total.

Mr McArdle suggests that the state government looks at transformation technology to deliver a more efficient network system, in partnership with the industry and consumers.

There needs to be a greater level of certainty in the industry and its collective vision, as well as policy direction, investment, business planning and growth as the industry evolves.

"It is about ensuring the long term future of a sustainable energy sector that meets the competing demands of different players," said Mr McArdle.

Posted by Charlie Moore