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Aug 13 2018

Don’t Derail Policy Certainty: Energy Industry

The Australian Energy Council has warned against the National Energy Guarantee being derailed by the separate debate on emissions reduction targets.

The Australian Energy Council’s Chief Executive Sarah McNamara said: “We are now in very real danger of losing sight of what is at stake at Friday’s COAG Energy Council meeting.

“The NEG has broad support as an effective mechanism to get Australia’s energy industry back on track.

“It will deliver confidence back to the sector, and end the uncertainty of the past decade. This policy vacuum has prevented us from getting on with the job of building the energy system we need in the 21st century.

“Australian households and businesses have paid the price. This needs to end.

“The COAG Energy Council should discuss and approve what is before it on Friday - the general design of the NEG and the specific enabling changes to the National Electricity Law.

“The Federal Parliament decides Australia’s national emissions reduction targets, and the instrument that puts them in place. This process does and should occur separately.

“Nothing in the NEG mechanism prevents States and Territories from pursuing their own renewable energy and emission reduction policies.”

About the Australian Energy Council

The Council represents 21 major electricity and downstream natural gas businesses operating in competitive wholesale and retail energy markets. These businesses collectively generate the overwhelming majority of electricity in Australia and sell gas and electricity to over 10 million homes and businesses.

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