KPMG

The Australian Energy Review - - NEWS - Chief econ­o­mist Bren­dan Rynne

“Our high-level anal­y­sis sug­gests that the NEG con­tains the right mech­a­nisms to put down­wards pres­sure on the cost of elec­tric­ity com­pared to a BAU sce­nario.

“The NEG, be­ing a mar­ket-based so­lu­tion, will en­able elec­tric­ity re­tail­ers to choose the gen­er­a­tion mix that op­ti­mises af­ford­abil­ity, re­li­a­bil­ity and re­duc­tions in car­bon emis­sions.

“The im­por­tance of re­strain­ing prices is shown by our modelling of a fur­ther 10 per­cent hike in the cost of gen­er­at­ing elec­tric­ity, which has a se­ri­ous con­se­quence for the econ­omy, par­tic­u­larly on house­hold con­sump­tion.”

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