This is the best summary I could come up with:

Much of the national power grid is facing substantial reliability problems over the next decade, and as soon as this summer, without rapid investment in both electricity generation and transmission.

"Over the 10-year outlook, we continue to forecast reliability gaps, which are mostly due to the notified retirement of approximately 20 per cent of today's older coal and gas fleet by 2033.

"To ensure Australian consumers continue to have access to reliable electricity supplies, it's critical that planned investments in transmission, generation and storage projects are urgently delivered."

Peak periods are still forecast to place enormous pressure on the grid particularly if the coming summer is hotter and drier than average, as the Bureau of Meteorology is currently suggesting.

AEMO's warnings are based on assessments that deliberately exclude a range of proposed developments and other government programs aimed at ensuring reliability in the grid.

"The latest Electricity Statement of Opportunities confirms our federal government programs, including Rewiring the Nation and the Capacity Investment Scheme, will improve the strength of the grid and reduce reliability risks."

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