The most important role of government in fixing Australia’s electricity market woes is to establish efficient and durable national energy policy, the energy industry said today.
A new national review of the adequacy of generation supply in the National Electricity Market by the Australian Energy Market Operator (AEMO) will recommend what role governments should play in supporting new investment.
Australian Energy Council Chief Executive Matthew Warren said the most important role for government was to implement credible national energy policy that would enable the investment required.
“When governments directly intervene in markets they risk crowding out businesses and chilling investment,” Mr Warren said.
“We welcome the Federal Government working to resolve the energy crisis which has been brewing for the past decade.
“The first best solution is a policy platform that re-opens energy infrastructure for business.
“The review of the security of the National Electricity Market by the Chief Scientist, Dr Alan Finkel, provided a workable blueprint to solve this policy challenge.”
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.
Media contact Carl Kitchen 0401 691 342
As Australia's energy and climate ministers prepare to meet this week, our organisations reinforce the importance of a certain, credible and consistent policy framework to business, industry and investors; the community sector; consumers; advocates for the environment; farmers; people and communities experiencing disadvantage; property and the built environment; and workers.
The peak body for electricity generators and retailers, the Australian Energy Council (AEC), has welcomed the announcement today of progress on the Renewable Electricity Guarantee of Origin (REGO) scheme.
The peak body for electricity generators and retailers, the Australian Energy Council (AEC), has welcomed the introduction of the Net Zero Economy Authority Bill into the House of Representatives, to help support the fair transition to a net zero emissions economy.
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