Media Contact
For further comment contact individual organisations
Jul 23 2018

Joint statement: Keep working on the National Energy Guarantee

 

With the COAG Energy Council meeting later this week to consider the National Energy Guarantee, our organisations call for further progress to be made towards designing a workable solution which addresses emissions reduction, reliability, and affordability across our energy system.

Australian industry and households alike require competitively priced energy. Reliable supply is critical to our economy and society. And we all have a stake in achieving Australia’s emissions goals to combat climate change. A durable policy settlement to resolve energy and climate policy uncertainty remains essential to delivering on all three aspects of ‘the energy trilemma’.

This Friday the COAG Energy Council should ask the Energy Security Board to develop and consult on a detailed National Energy Guarantee design for final Council consideration later in 2018.

While the broad framework of the Guarantee is a plausible basis for compromise by all sides, to earn our support the final design will need to preserve competition; harness existing market structures; operate efficiently and equitably; help deliver the electricity we need at the lowest sustainable cost; be scalable and investment-credible; and from the outset help deliver Australia’s long term Paris Agreement emissions reduction commitments. This should be achievable.

There is much more to securing Australia’s energy future than just the National Energy Guarantee. The comprehensive Finkel Review framework for reform remains essential. So is dealing fairly with the consequences of ongoing change in the energy sector for affected businesses, communities, households and workers. And beyond electricity, Australia needs an agreed national climate change policy framework for the whole economy.

Making peace in energy policy, however, can do much to unlock investment and deliver affordability, reliability and our emissions goals.

Endorsed by:

Australian Council of Social Service

Australian Energy Council

Australian Industry Group

Business Council of Australia

Cement Industry Federation

Chemistry Australia

Clean Energy Council

Energy Efficiency Council

Energy Networks Australia

Energy Users' Association of Australia

Investor Group on Climate Change

National Farmers' Federation

St Vincent de Paul Society

For further comment contact individual organisation

Related News

News

Australian Energy Council congratulates Daniel Westerman

The Australian Energy Council congratulates Daniel Westerman on his appointment as CEO and Managing Director of the Australian Energy Market Operator.

Feb 10 2021
News

New data shows solar shines despite lockdowns

Rooftop solar installation grew by 18 per cent nationally over the last year, according to the Australian Energy Council's latest Solar Report, which showed record growth in solar PV capacity and installations during 2020.

Feb 04 2021
News

Australian Energy Council congratulates Chris Bowen and thanks Mark Butler

The Australian Energy Council congratulates the Hon Chris Bowen MP on his appointment as Shadow Minister for Climate Change and Energy and thanks the Hon Mark Butler MP for his extensive work in the portfolio.

Jan 29 2021
GET IN TOUCH
Do you have a question or comment for AEC?

Send an email with your question or comment, and include your name and a short message and we'll get back to you shortly.

Call Us
+61 (3) 9205 3100