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Australia - Smart Grid - Major Players and Projects

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Last updated: 29 Oct 2015 Update History

Report Status: Archived

Report Pages: 35

Analyst: Paul Budde

Synopsis

Significant progress has been made within the industry in relation to the deployment of smart technologies that, over time, will create a smart national grid.

The past five years have seen confusion, resistance and the lack of a strategic approach towards a holistic policy aimed at creating a smarter energy structure that could reduce energy usage by 30%-40% without having a major impact on people’s lifestyle, just by being smarter. All of the electricity companies are now involved in the implementation of smart grids – a process that will take a decade, or perhaps several decades, to complete.

Overall some $200 billion will be invested in the national energy structure (not just smart grids). The first results from projects such as Smart Grid, Smart City indicate that the results greatly exceed expectations; the same applies to companies involved in the smart meter rollout in Victoria. However a holistic government policy continues to be the key to success, rather than the current hotchpotch of policies. Energy is heavily influenced by government regulations and unless that is sorted out it is difficult for the industry to develop cohesive strategies that will see a more comprehensive approach towards a smarter energy system for the country.

This report gives an overview of the major players in the Australian smart grid market and related projects.

Companies covered in this report include:

ActewAGL; AGL Energy; Aurora Energy; Ausgrid; CitiPower and Powercor; Endeavour Energy; Energex; Ergon – Nexium Telecommunications; Essential Energy; Horizon; Hydro Tasmania; IBM; Jemena; Network NSW; Powerlink; SA Power Networks; SP Ausnet; Telstra; Transgrid; United Energy; Western Power

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As you know, I have resigned from the Labor Ministry and have decided not to re-contest the seat of Charlton at the next election – both for personal reasons.

Before leaving Parliament, I particularly wish to record my thanks to you for your generous and constructive participation in the deliberations that generated significant economic policy reforms for the Australian community. Continuous economic transformation is a key challenge that faces all Governments.

The development of sound public policy should always be contestable. Ultimately, good and equitable outcomes are not concessions to any particular interest group, but the careful balancing of interests to create the greatest possible benefit for the nation. You have contributed to that, and I sincerely thank you for it.

Greg Combet, Former Minister for Climate Change, Industry and Innovation

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