The Australian Energy Market Operator (AEMO) has published the 2023 Victorian Annual Planning Report, which assesses the performance and opportunities for Victoria’s (VIC) electricity transmission network.
Released by AEMO Victorian Planning (AVP), the state’s transmission planner, the report presents insights and studies, including system performance, supply reliability and network capability.
AVP group manager Nicola Falcon said that VIC continues to transform through the energy transition and requires significant investment to maintain affordable and reliable energy.
“In the last financial year, Victoria’s transmission network remained secure, despite record low minimum demand and unprecedented levels of inverter-based wind and solar generation,” Falcon said.
“Looking out over the next decade, network planning must consider retiring coal-power stations in the Latrobe Valley, growth in renewables and storage which are currently being developed predominantly in the west, as well as state and federal government policy, including support for offshore wind development.
“At the same time, electricity usage is forecast to increase, so too consumer uptake in solar, batteries and electric vehicles, which will also shape Victoria’s energy future.”
To meet these demands, AEMO said it is progressing its transmission development plan for the state, alongside the VIC government’s renewable energy zone development plan.
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