Report Suggests Victorians Face $33 Billion Cost Blowout if Renewable Transmission Lines Delayed
It estimated increases of up to $472 for a representative household, $4,719 for a small business and $11,797 for a large business over the five years to 2031.
Victorian electricity consumers may incur an additional $33 billion in wholesale power costs by 2050 if renewable generation and transmission projects face continued delays. This projection is based on modelling by Nexa Advisory for Environment Victoria, comparing an orderly transition with a disorderly scenario. The Yallourn Power Station’s scheduled closure in 2028 adds urgency to the state’s energy security concerns.
- Victorian electricity consumers could face an additional $33 billion in wholesale power costs by 2050.
- This cost increase is contingent on delays to renewable generation and transmission projects.
- The projection comes from a report by Nexa Advisory commissioned by Environment Victoria.
- The modelling compares an orderly transition with a disorderly scenario reflecting project delays.
- The Yallourn Power Station is scheduled to close in 2028, impacting the state’s energy security.
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