Industry welcomes progress on the NEG

The Australian Energy Council (AEC) welcomed the progress of the National Energy Guarantee through the Council of Australian Government’s (COAG) Energy Council meeting today.

The Australian Energy Council Chief Executive, Sarah McNamara, said that it is encouraging that the NEG remains under active consideration. 

“We urge energy ministers to continue to support the NEG so that it can be put in place to manage Australia’s energy challenges as soon as possible.

“The final design of the NEG addresses the ongoing need to provide a framework for investment certainty to resolve the trilemma of prices, reliability and emissions.”

“The policy paralysis of the last decade needs to end. A national, bipartisan agreement on the guarantee is essential to overcoming our current energy crisis. Political debates about Australia’s emissions reduction targets must not derail the implementation of the NEG framework.

"Australian households and businesses deserve an energy market equipped to bring down prices, keep the lights on and meet our climate change commitments. The NEG will enable us to address these challenges.  It deserves the support of all energy ministers and the Federal Parliament."

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.