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Australia and New Zealand To Invest $6.8 Billion In Smart Grid Infrastructure Between 2015 and 2025

May 11, 2015

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Australia and New Zealand have among the best performing power sectors in the world. The two countries have been aggressive in investing in smart grid infrastructure to modernize their grids and offer benefits to their electricity customers. New Zealand is reaching near full market penetration of smart meters (AMI) and will shift to investment in distribution automation over the next decade. In Australia, the state of Victoria is wrapping up its smart meter deployment, but there is still significant opportunity in other states, according to a new study published recently by Northeast Group, LLC.

"The Oceania region has a very well developed power sector that has already achieved a high degree of grid modernization," said Ben Gardner, President of Northeast Group. "In some geographies, notably New Zealand and the state of Victoria in Australia, investment is now shifting from smart metering to other smart grid segments such as distribution automation and home energy management."

The Oceania region has just over 15 million electricity meters, with Australia representing the vast majority of the market. Electricity prices, per-capita consumption and operational costs are all among the highest in the world, making the region ripe for smart grid investment.

"The state of Victoria represents only about a quarter of the total Australian metering market," continued Gardner. "This means that about three-quarters of Australia's metering market is till open for AMI investment. This is a significant opportunity for vendors."

In addition to Australia and New Zealand, there are several smaller territories in Oceania where select market opportunities exist. For example, in more remote areas such as Papua New Guinea, French Polynesia and Fiji, there are opportunities for microgrid investment and distributed generation.

For more information on the Northeast Group's study, Oceania Smart Grid: Market Forecast 2015 - 2025 visit www.northeast-group.com.


Source: Northeast Group LLC


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