The $11 billion a year national electricity market will require significant extensions because of the Rudd governments greenhouse polices, including capital upgrades to boost power exports from QLD, VIC and SA, a new report shows.

A report to be released by the federal Minister for Resources & Energy, Martin Ferguson, finds that the government’s enforceable renewable energy target and proposed emission trading scheme could lead to a 450 per cent increase in wind power in five years and a tenfold increase in gas power generation over two decades.

See the AFR 17th December, for the full article.