For many years, generators, networks and regulators alike all forecast that Australia’s energy needs would continue to rise, much as they always have. However, over the past five years, the trend has shifted, as demand for electricity flattened, and even declined in some markets. An ongoing decline is not expected, with growth returning over the past year, although pressure remains on the sector to maintain adequate investment and maintenance while operating alongside new technologies.
Weaker energy demand across Australia has been due to a range of factors, with a number of heavyenergy-consuming industries having reduced production in recent years. Some major manufacturers have rationalised their local operations while others have closed or shifted their operations abroad.