The Australian Energy Market Operator has pushed out its forecast for the end of coal power in the eastern states by 11 years and slashed the amount of new transmission lines it expects by 2050, but says the cost of the system as it transitions towards more renewables will still increase to $128 billion.
Cost estimates for new poles and wires projects have surged by up to 100 per cent since 2024, while the timing for building them has also been pushed out after extensive consultation for the operator’s draft 2026 blueprint for the power grid.
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