Keeping the lights on: How Australia should navigate the era of coal closures and prepare for what comes next

18 June 2024

Australia must urgently plan a new energy system for the imminent post-coal era.

Coal will cease to be a material contributor to the National Electricity Market (the NEM) by about 2032.

The federal and state governments need to start designing a new NEM now to ensure the lights stay on and electricity remains affordable into the renewables-dominated net-zero era.

Australia’s great energy transition – from fossil fuels to renewables – is not going well.

Governments have lost faith in the market being able to deliver enough electricity to the right places at the right time, consumers are fuming about high power prices, and investors have been spooked by frequent and unpredictable government interventions.

Click here to watch a clip and to download the report from the Grattan Institute.