Energyaustralia

“The approach appears consistent with the path outlined by the Finkel review and we will examine it closely.

“We have seen energy-buying standards for retailers used elsewhere in the world to good effect to manage system availability and reliability. For example, Hong Kong operates under a variant of the model and it has delivered some of the most reliable electricity in the world, while reducing emissions and maintaining affordability.

“Of course, no two markets are the same but the ESB’S proposal is worth further consideration to see if it would work here.”