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Energy intervention ‘inevitable’ amid upheaval: Schott

The National Electricity Market is not “dying” following Victoria’s shock move to revive a government-owned electricity retailer, but it is facing an unprecedented scale of disruption, former Energy Security Board chairwoman Kerry Schott says.

With doubts about whether state and federal ministers can land the capacity mechanism, Australian Energy Market Operator chief executive Daniel Westerman said Victoria’s announcement reflected the urgent task to deliver a nine-fold increase in grid-scale wind and firming capacity on the pathway to net zero by 2050.

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Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com
Jacob Greber was The Australian Financial Review’s senior political correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/govt-intervention-inevitable-amid-energy-upheaval-schott-20221021-p5broq