Development of the Electric Power Network and Energy Resources in China

Abstract

Some utilities in Australia are also looking to the high growth electricity markets of the Asia-Pacific region to further their business growth. Some are achieving credible successes in this region. In order to realize the full potential of competition in the electricity market, it is necessary that there be complementary reforms in the gas industry. Gas competes with electricity in meeting customer’s thermal energy needs. Advances in gas turbine technology are now such that gas is becoming competitive with Australia’s low-cost coal resources for electricity generation. In addition, increasing global concerns over the greenhouse emissions favor gas as an alternative source of energy. A competitive market in gas will encourage investment in development of gas resources and technology and gas plant contributing to an efficient energy industry. The forces of competition, technology development, and of the environmental imperatives are combining to dramatically affect how energy is supplied and used. These forces will have strong policy implications for the energy industry in the pursuit of increasing Australia’s international competitiveness and prosperity. Competition reforms, efficiency improvements, and investment in technology development have positioned the Australian electricity industry to meet the challenges of markets looking increasingly for sustainable energy solutions.