Role of gas in the transition to net-zero power generation
The Australian Gas Industry Trust (AGIT) and Jemena have today published a study undertaken by Frontier Economics on The role of gas in the transition to net-zero power generation. Our study was commissioned by AGIT and Jemena to understand the changing role that gas generation plays in today’s electricity markets, and how that role will continue to evolve as electricity markets transition to net-zero emissions.
Our study found that the requirement for flexible generation will continue to increase as the penetration of intermittent renewable generation increases and that gas generation will have an important ongoing role to play. These findings are consistent with what we observe in electricity markets around the world, including markets with a bigger share of intermittent renewable generation than Australia. In these markets, gas generation continues to play an important role by providing generation capacity that is both firm and flexible.