Scenario planning is particularly powerful for asset intensive industries transitioning to net zero emissions. This planning informs large project, or programme, investments with a myriad of stakeholders and investors.
Powerlink in Queensland has responsibility primarily for providing a secure electricity service for four million Queenslanders and to connect Queensland’s loads and generators into the National Electricity Market. Anticipating and navigating the challenges of the energy market, it released its 30-year Network Vision, identifying a range of uncertainties, drivers and opportunities to shape their future.
In partnership with Aurecon, Powerlink explored the political, economic, social, technology, legal and environmental trends affecting its business. A series of scenarios were developed to inform the Network Vision identifying how external trends might affect Powerlink’s network and customers.
The scenarios were an exploratory tool for the possible range of services that Powerlink’s customers may need over the next 30 years, and the resilience of the business to varied possible futures. With a long-term strategic plan, the business is well equipped to identify new opportunities, manage future risks and generate strategic responses to possible future disruptions.