Na­tional en­ergy Guar­an­tee: The re­ac­tion

The Australian Energy Review - - NEWS -

“The guar­an­tee will im­pose new obli­ga­tions on elec­tric­ity re­tail­ers to de­liver dis­patch­able power while re­duc­ing the emis­sions in­ten­sity of their gen­er­a­tion mix. It will be vi­tal that there is cer­tainty about these obli­ga­tions and the reg­u­la­tory ar­range­ments do not in­hibit the en­try of new re­tail­ers.” Mal­colm Roberts AP­PEA chief ex­ec­u­tive

“The Turn­bull Govern­ment has con­firmed that Cabi­net has adopted a na­tional en­ergy pol­icy with­out any eco­nomic mod­el­ling or a Reg­u­la­tory Im­pact State­ment. Mal­colm Turn­bull has re­fused to guar­an­tee his pol­icy – the so-called NEG – will ac­tu­ally lead to a fall in power prices. It’s a guar­an­tee with­out a guar­an­tee!” Mark But­ler Shadow En­ergy minister

“The key fac­tor that will de­cide the suc­cess or oth­er­wise of this pro­posal will be whether it can achieve the nec­es­sary bi­par­ti­san­ship and COAG en­dorse­ment. With­out that we won’t achieve pol­icy sta­bil­ity and we will con­tinue to see in­vest­ment un­cer­tainty .” Matthew War­ren Aus­tralian En­ergy Coun­cil chief ex­ec­u­tive

“The NEG gets a big tick from me in terms of im­prove­ments it will bring re­gard­ing en­ergy re­li­a­bil­ity. How­ever the fo­cus on emis­sions should not come at the ex­pense of af­ford­abil­ity. The NEG will only work if it en­ables in­vest­ment in coal-fired power. ” George Chris­tensen Na­tion­als back­bencher

“The Clean En­ergy Tar­get was the best op­por­tu­nity in years to lock in the long-term bi­par­ti­san en­ergy pol­icy needed to en­cour­age in­vest­ment in cleaner en­ergy while im­prov­ing sys­tem re­li­a­bil­ity and push­ing down power prices. We are ob­vi­ously wait­ing to see more de­tail, but me­dia re­ports sug­gest the new pol­icy would re­sult in a sub­stan­tial slow­down in lev­els of in­vest­ment in clean en­ergy.” Kane Thorn­ton Clean En­ergy Coun­cil chief ex­ec­u­tive

“If it pro­vides more cer­tainty to the en­ergy in­dus­try, that will be wel­come. How­ever, it has to be part of a wider plan to im­prove Aus­tralia’s en­ergy sys­tem. The NEG needs to be com­ple­mented by se­ri­ous ac­tion on en­ergy ef­fi­ciency to de­liver the af­ford­able, re­li­able, clean en­ergy that Aus­tralians de­serve.” Luke Men­zel En­ergy Ef­fi­ciency Coun­cil chief ex­ec­u­tive

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