NewsBite

Power prices to rise if poles and wires build-out falters

Hostile communities and skills shortages threaten to derail the rollout of much-needed new energy transmission infrastructure, drive up power bills and make it harder for Australia to meet its emission reduction targets, business leaders say.

Energy giants say Australia’s goal for renewables to supply 82 per cent of electricity by 2030 required a “front-loading” of investment in poles, wires and pipelines that is increasingly at risk of cost and schedule blowouts as landowners and local stakeholders push back fiercely.

Loading...
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Ben Potter was a senior writer at The Australian Financial Review.
Samantha Hutchinson is the AFR's National Reporter. Most recently, she was CBD columnist for The Sydney Morning Herald and The Age. Before that, she covered Victorian and NSW politics and business for The Australian, the AFR and BRW Magazine. Connect with Samantha on Twitter. Email Samantha at samantha.hutchinson@afr.com.au

Read More

Latest In Mining

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/mining/power-prices-to-rise-if-poles-and-wires-build-out-falters-20230605-p5ddxx