November 15, 2021
Australia’s power market is entering a major repricing cycle.
NEM electricity consumption is forecast to grow from around 178 TWh in 2025 to over 229 TWh by 2035, while business and industrial demand may rise to almost 207 TWh. Data centre demand is also accelerating, with NEM data centre load projected to reach 12 TWh by 2030 and 34 TWh by 2050. At the same time, up to 90% of coal-fired power stations are projected to retire before 2035, creating strong replacement demand for solar PV and BESS infrastructure.