Power costs key to industrial electrification - MEUG

Thu, 28 Mar 2019

By Gavin Evans March 29 (BusinessDesk) - The electricity sector and the government will have to find ways to keep power costs lower if renewable energy is to displace fossil fuels in industrial processes, the Major Electricity Users’ Group says. Electrification of process heat offers “significant potential” as a means of reducing the country’s carbon emissions, MEUG chair John Harbord says. But pricing will ultimately drive electrification and current wholesale power prices are so high that they dis-incentivise industrial electrification....

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