The Northern Territory’s independent Utilities Commission has released its decision about new Generator Performance Standards (GPS).
The purpose of the new standards are to enable third party private generators to connect to the grid and sell their energy, while ensuring the power system remains secure and reliable.
The release of the GPS is an important step towards the Northern Territory Government achieving the target of 50 per cent renewables by 2030, whilst delivering reliable power and more local jobs.
Northern Territory Minister for Renewables, Energy and Essential Service, Dale Wakefield, said, “Territorians expect secure, reliable and affordable power. That’s why the Territory Labor Government is undertaking the hard work of reform to deliver 50 per cent renewables by 2030 to deliver cheaper, cleaner power.
“When we came to power the share of renewables in the Territory was just 2.6 per cent. By the end of this year it will be well above ten per cent.
“However, we are managing this transition carefully and ensuring we do not compromise secure and reliable power.”
The GPS will provide certainty to investors to ensure the greatest amount of energy is dispatched from renewable power stations.
In parallel with the GPS, the Northern Territory Government is undertaking a program of reforms to address system security and reliability, encourage private investors and maximise the amount of renewable power in the network.