Endeavour Energy welcomes NSW electricity health check report

Endeavour Energy, one of Australia’s most efficient electricity distribution network service providers, has welcomed the NSW Government’s Electricity Supply and Reliability Check Up report, and its recognition of distribution as a key solution to the NSW energy transition while new transmission is built.

Endeavour Energy’s Chief Executive Officer Guy Chalkley said the report sets out clear actions to deliver a smarter, cleaner, more affordable and efficient energy system by unlocking renewable energy resources that already exist across its massive electricity grid.

“We are at a critical point in the energy transition, with more customers working flexibly who depend on safe, reliable and affordable electricity to power their work and lifestyles,” he said.

“Our customers have told us they want us to act now for an accelerated transition. But that is least cost, not at any cost. They are already leading the energy transition with record investments in renewables technologies.  One in four homes in our network now have roof top solar. We expect this to grow to 1 in 2 by 2034 while battery storage is predicted to increase to 1 in 3 homes. And over the next 20 years, electric vehicle ownership is set to grow to 91%,” he continued.

“At the same time, we are experiencing unprecedented growth in Greater Western Sydney - about 40% higher than the rest of Sydney. Large businesses are flooding into the area as the opening of Western Sydney’s International Airport nears. Energy security and affordability is critical for them.

“There is enormous potential to unlock the aggregated power of customer energy resources already connected to our distribution network, utilised locally, to contribute to NSW’s energy security and supply.

“Our analysis shows that in urban areas, significant amounts of new generation in the form of large-scale batteries and solar can be connected to parts of the distribution network faster, and at a lower cost, than large scale transmission alone.

“This offers a cheaper and quicker solution for customers as it doesn’t require significant network upgrades and it largely taps into existing infrastructure.

“The electricity grid will change more in the next ten years than it has in the last 100 years, and the decisions we make today will affect the lives of generations to come.

“It’s critical that we get this right for our customers and communities, and right for NSW. Endeavor Energy will examine the recommendations carefully and act prudently and urgently.

“The NSW Government is our largest shareholder, and we welcome the opportunity to work collaboratively across government, and with investors and our communities to deliver a safe, clean and reliable energy future.” he said.

For media enquiries contact Endeavour Energy Media: 0409 664 608

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Published on Sep 6th 2023