The NSW Electricity Strategy is the NSW Government’s plan for a reliable, affordable and sustainable electricity future that supports a growing economy.
We recognise the NSW electricity system must change. Traditional generators are aging and our transmission system is congested. Electricity prices are putting pressure on households and businesses.
This strategy will respond to these challenges and support a new affordable and reliable energy system – one that meets both our generation needs and our emissions reduction target.
It will do this by:
- delivering Australia’s first coordinated Renewable Energy Zone in the Central-West Orana region
- saving energy, especially at times of peak demand via the Energy Security Safeguard
- supporting the development of new electricity generators
- setting a target to bolster the state’s energy resilience
- making it easier to do energy business in NSW.
The strategy encourages an estimated $8 billion of new private investment in NSW’s electricity system over the next decade, including $5.6 billion in regional NSW. It will also support an estimated 1,200 jobs, mostly in regional NSW. The strategy closely aligns with the NSW Government’s Net Zero Plan Stage 1: 2020–2030.
In November 2020, the NSW Government released the Electricity Infrastructure Roadmap, enabled by the Electricity Infrastructure Investment Act 2020 (NSW). The Roadmap builds on the foundations of the Electricity Strategy and is expected to attract up to $32 billion of private investment in regional energy infrastructure by 2030 and support over 9,000 jobs, mostly in regional NSW.