South Australia announces energy plan

SA Premier Jay Weatherill announced the plan yesterday.

SA Premier Jay Weatherill announced the plan yesterday.

The South Australian (SA) Government has announced its South Australian Power for South Australians aimed at ensuring more of the state’s power is sourced, generated and controlled in SA.

The government says the $550 million plan will increase security, boost competition and put downward pressure on prices.

The plan involves:

  • Building a government-owned 250 MW gas-fired power plant to provide emergency backup and system stability services, and procuring temporary backup generation if necessary.
  • Incentivising increased gas production to ensure more of the state’s gas is sourced and used in SA.
  • Building Australia’s largest battery to store energy from the wind and sun.
  • Introducing new Ministerial powers to direct the market to operate in the interests of South Australians.
  • Introducing an Energy Security Target to ensure the power system uses more clean, secure energy sourced in SA.
  • Using the Government’s purchasing power through its own electricity contract to attract a new power generator.

The new gas-fired power plant is budgeted to cost $360 million, $150 million will be committed to the SA Renewable Technology Fund and new PACE grants are worth $24 million.

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