2019 Luxton Memorial Lecture
Dr Alex Wonhas, Chief System Design and Engineering Officer, the Australian Energy Market Operator will present the 2019 Luxton Memorial Lecture, "Avoiding the winner's curse: How to manage Australia's energy Transition” on Thursday November 21, 5:30-7:00pm, the Braggs Lecture Theatre.
Energy systems around the world are transforming. The share of large-scale and distributed renewable, asynchronous generators grows at an unprecedented rate. South Australia is leading the world in many dimensions of this transition. However, leadership can come at a price. Leaders are often the first to encounter and (then hopefully overcome) obstacles along the way.
This lecture will explore how the laws of physics and economics can help (South) Australia avoid the ‘winner’s curse’ by addressing:
- Why the energy transition is unavoidable and, if implemented well, can lead to affordable, reliable and lower emissions energy
- How to minimise customer prices during the transition
- How to maintain security and reliability — from milliseconds right through to decades
- Why we can’t avoid making difficult decisions and how we can make long-term choices, even if the future is uncertain.