The market was working pretty well 20 years ago and is not expected to be much larger by 2030. It involved a capital asset base in terms of transmission at about $22 billion and for the electricity energy itself, in today’s dollars about $100 billion.

We now have two national plans for the future: Rewiring the Nation, which the ALP took to the last election, and the Australian Energy Market Operator’s (AEMO) Integrated System Plan (ISP), which focuses on the transmission needed to support its view of future production and consumption patterns.