The network transition

Power supply in the east coast market has traditionally been a one-way relationship in which large generators produce electricity, which then is distributed to consumers through the extensive east coast network. This network — both the high-voltage network and the ‘poles and wires’ — has been the backbone of the National Electricity Market (NEM) and has been able to operate in a relatively predictable environment of steady consumption growth.

However, technological innovation, a drive to decarbonise the economy and rapidly changing consumer preferences are now creating challenges for the traditional network business model.

Understanding these challenges, how they will evolve in the coming years and also analysing what opportunities they may create for both transmission and distribution companies are some of the most important issues for the industry today, and as such form one of the central themes at the Eastern Australia’s Energy Markets Outlook 2015 conference.

Ian Mcleod, chief executive officer of Ergon Energy and one of the conference speakers, said, “The markets have never been more relevant to customers and the industry. Demand, supply, services and information will all become commoditised. How do we differentiate and create value? EAEMO 2015 will be an opportunity for insight and reflection.”

A highlight of the conference includes a keynote panel discussion where the AEMC’s chairman, John Pierce, will be joined by Alinta and TransGrid CEOs Jeff Dimery and Peter McIntyre, addressing whether the energy market — as it is currently constructed — is capable of dealing with the increasing complexity in the market. EAEMO 2015 will also feature an opening keynote from Keisuke Sadamori of the International Energy Agency. Sadamori will be discussing the global energy megatrends that will impact the NEM.

Another key session brings together senior executives from the network industry to address the question: What is the future that networks need to start planning for and how do they make this transition?

Featured speakers in this session include the CEOs from Ergon, TasNetworks, Australian Gas Networks and the Energy Networks Association.

To get more information, download the conference brochure here.