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AEMO Costs and Technical Parameter ReviewInforming development for Australia’s renewable energy future

Developing a roadmap for transitioning Australia to a renewable energy future.
Developing a roadmap for transitioning Australia to a renewable energy future.
The full spectrum of the energy supply chain will impact the transition to a low carbon energy future.
The full spectrum of the energy supply chain will impact the transition to a low carbon energy future.
Integrating new entrants in a sustainable way is important to sustaining a robust future energy roadmap.
Integrating new entrants in a sustainable way is important to sustaining a robust future energy roadmap.
Developing a roadmap for transitioning Australia to a renewable energy future.
Developing a roadmap for transitioning Australia to a renewable energy future.
The full spectrum of the energy supply chain will impact the transition to a low carbon energy future.
The full spectrum of the energy supply chain will impact the transition to a low carbon energy future.
Integrating new entrants in a sustainable way is important to sustaining a robust future energy roadmap.
Integrating new entrants in a sustainable way is important to sustaining a robust future energy roadmap.
Developing a roadmap for transitioning Australia to a renewable energy future.
Developing a roadmap for transitioning Australia to a renewable energy future.
The full spectrum of the energy supply chain will impact the transition to a low carbon energy future.
The full spectrum of the energy supply chain will impact the transition to a low carbon energy future.
Integrating new entrants in a sustainable way is important to sustaining a robust future energy roadmap.
Integrating new entrants in a sustainable way is important to sustaining a robust future energy roadmap.

Since 2019, Aurecon has assisted the Australian Energy Market Operator (AEMO) and CSIRO to develop a roadmap for transitioning Australia to a renewable future. As the world experiences the fastest ever period of energy transition, the AEMO Costs and Technical Parameter Review identifies the essential costs and technical parameters for new entrant generation technologies.

This supports Australia’s electricity grid transformation – transitioning from fossil fuels to renewable energy, and alternative generation types, as well as moving from supply-led to demand-driven use.

With Aurecon’s experience working across the full spectrum of the energy supply chain, we’re in a unique position to advise on elements that will impact the transition to a low carbon energy future.

The parameters that are updated, or developed, as a part of the reviews include:

  • Performance – output, efficiencies, and capacity factors
  • Timeframes – for development and operational life
  • Technical and operational parameters – configuration, ramp rates and minimum generation
  • Costs – for development, capital costs, and operations and maintenance costs (both fixed and variable)
Location

Awabakal and Worimi Country
New South Wales, Australia

Client

Australian Energy Market Operator (AEMO)

Aurecon's Role

Assisting the Australian Energy Market Operator (AEMO) and CSIRO to develop a roadmap for transitioning Australia to a renewable future.

Status

Ongoing

Informing new entrant development for Australia’s renewable future

As the number of new entrants into the power generation sector continues to increase to meet Australia’s electricity needs, integrating them in a sustainable way is important to sustaining a robust future energy roadmap.

Aurecon updates AEMO’s set of costs and technical parameters to create a concise list of new entrant generation and storage technologies. These include wind power, large-scale solar photovoltaic, concentrated solar thermal, gas turbine, biomass, fuel cell and battery energy storage systems.

The updated set of generation technology input data into each review informs AEMO’s future forecasting functions.

It includes technology costs and technical operating parameters for both existing and emerging generation technologies, including those with minimal current local or international deployment.

The behaviour of existing generation assets, and the economics and location of future investment and retirement decisions, are influenced by this data to inform opportunity assessments.

The data is also shared with industry to inform market simulation studies for medium-and long-term investment opportunities.

The same data is used as baselines for the CSIRO’s GenCost analysis, which is the forecasting of future electricity generation and storage costs.

The clarity that developers and investors, and government, can gain from Aurecon data, as an independent advisor, is an important step to planning and developing network reliability projects that transition Australia to a more renewable future.

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