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Australia Power Market Report Overview
The Australia power market attained a value of USD 15.84 Billion in 2025 and is projected to expand at a CAGR of 3.79% through 2035. The market is further expected to achieve USD 22.98 Billion by 2035. Increasing the pace of development of data centers, industrial electrification and evening peak loads are prompting utilities to develop more flexibility in their generation portfolio, battery and advanced grid technologies.
Key Market Trends and Insights
- Utility-scale batteries are expanding rapidly, helping generators shift renewable electricity, stabilize grids, and capture value during evening demand peaks.
- Hybrid renewable projects combining solar, wind, and storage are gaining momentum, improving dispatchability while reducing exposure to renewable intermittency.
- Grid-enhancing technologies are gaining attention as utilities deploy advanced sensors, monitoring systems, and power-flow controls to unlock existing network capacity.
Market Size & Forecast
- Market Size in 2025: USD 15.84 Billion
- Projected Market Size in 2035: USD 22.98 Billion
- CAGR from 2026 to 2035: 3.79%
- Fastest-Growing Regional Market: New South Wales
The Australia power market is observing a fast transformation toward battery-driven power supply, which makes these facilities become ever more important for balancing the output from renewables. As AEMO reports, in July 2026, the capacity of generation and storage facilities increased by 9.1 GW and reached their full output in FY26, more than doubling the result of FY25.
It is particularly noteworthy how batteries are used for shifting excess solar production in daytime to evening peak hours, redefining the Australia power market dynamics. AEMO reported that the share of renewables in the generation of National Electricity Market exceeded 46.5% in Q1 2026, which is the largest for the first quarter, while batteries produced 1,115 MW during evening peaks. Moreover, the average wholesale prices for NEM electricity fell 12% year over year and amounted to AUD 73/MWh.
Furthermore, distributed energy resources (DERs) and batteries are becoming major trends in shaping the Australian electricity market. By June 2026, the number of batteries installed in households exceeded 400,000 and usable capacity of more than 11.4 GWh was reported. Alongside this record growth of rooftop solar installations, there is an increasing demand for advanced coordination of these resources.
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Key Trends and Recent Developments
ARENA initiated a program worth AUD 30 million that encourages energy start-ups to come up with technologies in clean energy and renewable energy innovations in the country. Australia energy market companies can use this program to come up with technologies in areas such as solar power, energy storage, grid optimization, and energy efficiency.
Flow Power started the construction of 100 MW/223 MWh battery project in Victoria. There is also a proposed expansion to 1.2 GWh. Therefore, there are plenty of opportunities for the development of batteries in Australia’s grid storage market.
Trina Storage announced plans to install an 81.5 MW / 562 MWh battery at the Waroona solar-plus-storage project from Frontier Energy located in Western Australia. Suppliers of storage technologies can offer batteries of longer durations and those that take into consideration safety while being built around Australia’s capacity market and renewable integration needs.
Kempower and JET Charge completed a major charging upgrade at Western Australia’s largest electric bus depot, supporting 71 buses with 112 charging plugs. Companies can develop scalable depot infrastructure, intelligent load management and high-power charging systems supporting the expanding electric bus fleets, accelerating demand in the Australia power market.
Utility-Scale Battery Storage and Grid Firming
Battery storage investments are emerging as one of the key areas for investment in the Australia power market as the generators and grid owners search for flexible capacity in the face of fluctuating solar and wind generation capacity. In June 2026, 15 projects under the Capacity Investment Scheme Tender 8 were chosen by the Australian Government with a total capacity of 4.2 GW/16.1 GWh. These projects include the 125 MW Blanche BESS owned by Potentia Energy in South Australia and the 300 MW Bulabul 1 Battery from AMPYR in New South Wales.
Investment in Combined Solar-Battery Projects
Developers are combining renewable energy sources and battery technology to make their projects more dispatchable and capture electricity during different periods of the Australia power market. 19 renewable projects selected under Capacity Investment Scheme Tender 7 by the Australian Government are offering 7.8 GW. Six hybrid projects were also chosen which have increased the battery storage by 2 GW/7.9 GWh in May 2026. One of these projects is the 600 MW Birriwa Solar project of ACEN Australia that will offer 2,400 MWh of battery storage. These projects will meet the needs of more than four million NEM households, while supporting private investment and construction activity. In September 2026, Palisade acquired two Australian development-stage battery projects totaling 3.2 GWh, expanding its energy-storage portfolio and renewable integration capabilities.
Grid-Enhancing Technologies Support Renewable Integration
Australia is increasing investment in digital and hardware technologies to expand the capacity of existing electricity networks without relying solely on new transmission infrastructure In September 2026, an AUD 1.55 million grant was announced to support technology that unlocks hidden capacity in Australia’s electricity networks, enabling greater renewable energy integration and improving grid efficiency. Technologies eligible for this grant scheme include sensors, smart technology, and battery systems that can help enhance the performance of electricity networks by allowing more renewable electricity into the grid. It is thus creating Australia power market opportunities for utilities and technology providers in network monitoring and power-flow management, and so on.
Renewable Energy Zones and Transmission Expansion
With transmission development becoming a priority in the Australia power market as the country increases its connection of renewable generation to major electricity loads. The June 2026 Integrated System Plan published by AEMO outlines the path for Australia to sustain reliability of electricity supply by connecting renewable generation and storage to transmission while coal generation phases out. The Brisbane Area 275 kV Reinforcement, Central to North Queensland Reinforcement Stage 1 and Tasmania REZ expansion have been highlighted as new action items in this plan.
Distributed Solar and Smaller Hybrid Energy Projects Expand
Projects related to small-scale solar, batteries, and hybrid energy are getting much attention as developers look for local businesses and communities that will allow them to connect their power generation systems to the current grid distribution system. In August 2026, the government of Australia pledged AUD 100 million from the Clean Energy Finance Corporation to support at least 16 projects for hybrid solar, battery storage, and retrofit battery systems through the Distribution Connected Accelerator Program. The program is aimed at projects not exceeding 5 MW capacity and hopes to progress such projects for construction in 2027.
Australia Power Industry Segmentation
The Expert Market Research's report titled “Australia Power Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Oil and Natural Gas
- Renewables
- Coal
- Hydroelectricity
- Others
Key Insight: Coal ensures reliability via dispatchable generation, existing facilities, and the demands of industrial fuel supplies, whereas oil and gas offer flexible generation where speed and fuel availability are important factors that are supporting growth in the Australia power market. Renewable energy is driven by solar and wind development, company carbon reduction goals, and economic considerations. Hydro power is driven by its balancing capability and flexibility, along with renewables. Other fuel types, such as battery-backed and emerging energy sources, receive consideration for other purposes.
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Key Insight: Factors like renewable energy demand, storage investments, and transmission considerations are boosting NSW’s position in the Australia power market. Victoria will be influenced by generation, batteries, and replacement capacity due to retirement of thermal power plants. Queensland is growing its share through industry demand, solar capacity, and renewables zones. Australian Capital Territory will be influenced by procurement and contracting of renewables. Western Australia is influenced by mining demand, electrification, solar distribution, and isolated grid considerations. Other regions might observe growth trens influenced by generation, remote microgrids, resource projects, and network upgrades that can provide opportunities for generation companies, storage companies, controls companies, and grid management companies.
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Australia Power Market Share
By type, coal generation leads the market due to reliability needs and established infrastructure
Coal is the most used power resource in the Australia power market owing to existing plants, grid connections, fuel transportation, and reliability of baseload operation for both industry and residences. Efficiency improvement, maintenance enhancement, emission reduction, and hybridization are among key priorities of the operators aimed at prolonging the operational life of facilities during the transition period. Coal-based power plants deliver baseload generation when renewable generation declines. In September 2026, Liddell Battery reached full commercial operations, strengthening New South Wales’ grid stability and renewable energy firming capacity ahead of summer.
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Renewable energy is the fastest-growing power source in the system because of the growth of utility-scale solar and wind energy, battery and hybrid projects to deliver generation for the demand and substitute thermal power plants. The investment is directed at generation projects with battery integration and flexibility in dispatch. Renewable Energy Zones are improving the pipeline of renewables.
Australia Power Market Regional Analysis
New South Wales leads demand in the market due to investment and transmission development
New South Wales, which comprises electricity demand in the metropolitan, industrial, commercial and data-intensive markets along with a pipeline of generation and storage resources, commands the major share of the Australia power market revenue. New South Wales plays an integral part in the transformation from coal to renewables in Australia and therefore, there are needs for replacement of capacity, reinforcement of the grid and provision of grid services. In September 2026, NSW’s firming tender delivered 3GWh of battery storage as all Round 2 projects became operational, strengthening renewable energy reliability.
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The Western Australia power market is the fastest growing regional market owing to increased population, mining electrification, industrial growth and distributed solar energy in the isolated Southwest Interconnected System. Mining companies are interested in integrating renewables, batteries and firming technology in order to limit their exposure to fuel costs. In August 2026, Western Australia’s investment scheme announced to achieve a target of 1.8GW of new renewable energy capacity, supporting generation expansion and strengthening future electricity supply.
Competitive Landscape
The market is becoming more oriented towards flexible generation, large-scale battery projects, renewable energy, and grid upgrades. Australia power companies are increasing investments in generation options which will be able to cater to demand shifts instead of generation options which are based only on one type of technology. Storage, hybrid renewable energy projects, batteries for forming grids, and fast generation are offering development, equipment, engineering and digital energy management companies some opportunities.
Additionally, there are some competitive opportunities for Australia power market players who can offer commercial and industrial companies reliable power generation in addition to solutions to decarbonize their businesses. Solar and wind farms are being complemented with batteries by developers, utilities are upgrading old generation facilities to become energy centers. Data centers and industrial electrification increase demand for reliable and flexible power.
EnergyAustralia
EnergyAustralia was founded in 2005 and is based in Melbourne, Australia. The firm maintains a diversified portfolio comprising coal, gas, renewable energy, and storage. EnergyAustralia is undertaking battery initiatives at Hallett, Mt Piper, and other sites and is entering into power purchase agreements on wind, solar, and storage facilities.
AGL Energy Limited
The firm AGL Energy Limited was founded in 1837 and is based in Australia. The portfolio of the company consists of coal, gas, hydro, wind, solar, and battery power resources. AGL Energy has a plan to build an additional 12 GW of generating capacity by 2035.
Origin Energy Limited
Origin Energy was founded in 2000, its headquarters located in Sydney, Australia, and engages in power generation from gas, coal, wind, solar, and pumped storage. The company plans to increase its battery capacity through its existing power stations like Eraring, as well as its 1.5 GW Yanco Delta wind project in New South Wales.
Iberdrola Australia Limited
Iberdrola Australia was founded in Australia in 2003 when Iberdrola purchased Infigen Energy; the company has its headquarters in Sydney. The portfolio includes the development of wind, solar, and battery projects, as well as the provision of firming capacity and offshore wind power.
Other key players in the market include Goldwind Australia Pty Ltd., Momentum Energy Pty Limited, Alinta Energy Pty Limited, Tilt Renewables, and Energy Locals, among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Key Highlights of the Australia Power Market Report
- Examines the shift from conventional generation portfolios toward storage-backed and flexible power ecosystems.
- Tracks innovative developments involving grid-forming batteries, hybrid renewable plants, and repurposed generation sites.
- Assesses opportunities created by renewable energy zones and transmission reinforcement.
- Highlights regional differences in generation requirements, industrial demand, and grid conditions.
Why Rely on Expert Market Research?
- Connects market developments with commercially relevant opportunities for power-sector stakeholders.
- Focuses on project pipelines, technology adoption, infrastructure requirements, and company strategies.
- Combines industry developments with regulatory and investment perspectives to support informed planning.
Call to Action
Unlock the latest insights with our Australia power market trends 2026 report. Discover regional growth patterns, consumer preferences, and key industry players. Stay ahead of competition with trusted data and expert analysis. Download your free sample report today and drive informed decisions in the market.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Frequently Asked Questions About This Report
The market was valued at USD 15.84 Billion in 2025.
The market is projected to grow at a CAGR of 3.79% between 2026 and 2035.
The revenue generated from the market is expected to reach USD 22.98 Billion in 2035.
The market is categorised according to the type, which includes oil and natural gas, renewables, coal, hydroelectricity, and others.
The key players are Energy Australia, AGL Energy Limited, Origin Energy Limited, Iberdrola Australia Limited, Goldwind Australia Pty Ltd., Momentum Energy Pty Limited, Alinta Energy Pty Limited, and Tilt Renewables and Energy Locals among others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Companies face lengthy approvals, transmission bottlenecks, rising project costs, aging infrastructure, renewable intermittency, community concerns, and uncertainty around the timing of replacement generation.
Stakeholders are expanding storage, integrating renewable generation, strengthening transmission, deploying intelligent controls, securing long-term contracts, and developing flexible assets near major demand centers.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
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