The Albanese government’s Rewiring the Nation policy will be vital to help facilitate the billions of dollars of investment needed to support the transition of the power system to low-carbon and low-cost energy, says Brett Redman, CEO of NSW grid company TransGrid.

Mr Redman, who heads a company with about $7 billion of transmission projects identified as priorities by the Australian Energy Market Operator in its latest blueprint for the power grid, said the policy “has the ability to help grease the wheels for change” and help meet the urgent need for transmission.