Transforming our electricity system to meet our future energy needs
The energy sector is transforming in Australia and around the world, presenting a once-in-a-generation opportunity for the people of NSW.
Our state’s coal-fired power stations, which have been our primary source of electricity for generations, are ageing, expensive to maintain and driving up the price we pay for electricity. Three out of four of the state’s remaining coal-fired power stations are scheduled to close within the next ten years.
We need an energy solution to meet our needs now and into the future.
Renewables have replaced coal as the lowest cost source of new energy generation. Moving our grid to one powered by renewables will help keep electricity prices stable and protect us from price shocks caused by international events or times of high demand like extreme weather.
The move to renewables is already well underway. More than one third of NSW’s energy is already provided by renewable energy.
But more is needed.
That is why we are harnessing our abundant sun and wind to power our state. We are investing in more solar and wind farms and large-scale energy storage like big batteries, all connected to the grid by a network of new transmission lines.
Together they will deliver a reliable electricity supply that will keep the lights on and put downward pressure on wholesale electricity prices for years to come.
