Insight
South Australia power crisis: renewables, batteries and the future role of gas
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Batteries and renewables will start displacing gas in South Australia by 2025. South Australia, with its fast increasing penetration of renewables, has become a case study for a power market in transition. Since 2016, politicians and the public have been increasingly demanding answers for the blackouts and high electricity market prices. Meanwhile, the crisis gained international exposure as Elon Musk weighed into the debate with an offer to install battery capacity. Now, with plans to build the worlds largest battery power plant and an open cycle gas turbine for power system security, questions are also being raised about the commerciality of these decisions. This insight is the first joint research conducted by Wood Mackenzie, Greentech Media and MAKE. Our study is aimed at assessing the most competitive generation options available for South Australia from now to 2035. We also analyse the impact of renewables on annual, monthly and hourly gas demand.
Table of contents
- 1. Executive summary
- 2. Background
- 3. How will the generation mix change?
- 4. Implications for gas
- 5. Changing costs and the role for batteries
- 6. Conclusions
- 7. Assumptions
Tables and charts
No table or charts specified
What's included
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Why buy this report
This report provides expert analysis of the South Australian energy market, which is fast becoming a case study for a market in transition. As the global energy landscape changes, this report will help you to:
- Understand the opportunities, risks and costs presented by the increasing role of renewables
- Identify the most competitive electricity generation options in South Australia
- Prepare for future changes in global energy markets, and draw lessons from a region that presents a case study for future energy trends
This study offers detailed insight into South Australia's complex energy market. It includes:
- Assumptions and modelling on the costs of combine cycle-gas turbine plants and renewables, including the cost of battery storage
- Forecasts for gas demand as the mix of renewables increases
- Our view on the most competitive energy mix for South Australia to 2035
Read more on this topic: South Australia: batteries and renewables to start displacing gas as early as 2025
