This report aims to stimulate and initiate a new wave of industry engagement by evaluating the current state of electricity grid transition. The report focuses specifically on transition in the National Electricity Market and associated grid. It informs a program of work for 2026 including five Grid Transition Masterclasses and a Consumer Grid Summit. 

Key findings

• The National Electricity Market and associated electricity grid is in a state of profound but uneven transition. 
• The sector lacks a shared, whole-of-system vision for the future. 
• Current industry scenarios contain critical blind spots.
• A "fairness gap" is emerging, threatening a Just Transition. 
• There are deficits of Anticipatory Governance and Futures Literacy. 

To address these challenges and unlock a resilient future grid, the report proposes a participatory foresighting program governed by eight core design principles.