AGL has made a submission to the Federal Department of Energy, Environment, Climate Change and Water (DCCEEW) on its proposed Capacity Investment Scheme. The Capacity Investment Scheme will support the development of up to 6 gigawatts of clean dispatchable capacity across Australia by 2030.
AGL is supportive of incentives that will support the energy transition and ensure new generation is operational in time for the closure of existing large thermal generators.
The Department’s consultation paper puts forward some proposals that would make participation difficult for any generator that is run as part of a portfolio. For this reason, we have suggested improvements that would reduce the complexity of the scheme and potentially the costs of the scheme.
Read the full submission here.