Unlike the federal technology road map released by Energy Minister Angus Taylor in September, NSW Energy Minister Matt Kean’s plan includes concrete policies and a clear timetable. It will commission 2.3 GW of energy storage with four to 12 hours of duration in addition to the new 2 GW from the Snowy 2.0 plant.
The detail of the plan is complicated and it is worth asking what the cost will be to NSW tax payers and electricity consumers.
While renewables are the cheapest form of new electricity, Mr Kean says that the guarantees are needed because financial markets are not yet ready to take…
