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AEMO Draft Plan Warns Delays Could Add 30% to Energy Transition Costs

The operator cautions that planning failures threaten reliability, with the 2030 emissions goal at risk.

Overview

  • AEMO’s refreshed roadmap identifies the need for roughly 6,000 kilometres of new transmission to connect remote renewables to population centres.
  • Key grid links are running late and over budget, with VNI West, EnergyConnect and Marinus Link all facing multi‑year delays and large cost escalations.
  • The plan says persistent delivery lags could lift the price tag of major generation, storage and transmission projects by up to 30%, ultimately flowing through to consumer bills.
  • AEMO has updated its outlook to reflect Queensland’s decision to keep coal plants operating to 2049, pushing out the national coal retirement profile.
  • Research cited in the coverage highlights an approvals bottleneck, with only one of 89 eastern seaboard projects requiring federal environmental clearance approved since 2023.