Policy

Signs continue to mount that Friday’s COAG Energy Council meeting will agree to move forward with the National Energy Guarantee mechanism. This comes despite continuing and serious objections from some states to the meagre 26%-on-2005 emission reduction target.

David Blowers, an Energy Fellow with the Grattan Institute, reports that “solid progress” has been made on the design of the National Energy Guarantee.

The CEC has encouraged COAG Energy Council to support the further development of the proposed National Energy Guarantee (NEG) in its meeting on Friday. The peak renewables body’s support, however, is contingent on the policy being fleshed out, “and [it] addressing concerns in relation to the emissions target.”

In anticipation of a more detailed presentation of the scheme, Energy Minister Josh Frydenberg used the opportunity of the speech to the National Press Club to present the National Energy Guarantee as the best possible option to ensure reliability of supply, describing it as “technology neutral”. Amid mounting criticism leveled by retailers, analysts and leading developers of battery storage, few signs of a national consensus on the proposed NEG are emerging.

From just a handful of large-scale solar PV projects a few years ago, Australia is becoming one of the world’s fastest-growing markets. With a substantial project pipeline, the country is in the box seat to experience a banner year in 2018, with the 2020 Renewable Energy Target (RET) now in hand and a new policy taking shape for the period beyond.

Dylan McConnell from the Australian German Climate and Energy College, at the University of Melbourne, evaluates Federal Government Minister for Urban Infrastructure and Cities Paul Fletcher’s claim that South Australians face the highest electricity charges in Australia as a result of the former Weatherill Government’s policies.

Today the Australian Energy Market Commission’s reliability panel of industry experts and consumer advocates releases its annual review of electricity market performance.

The National Energy Guarantee (NEG) is looking more likely to be implemented with the swearing in of Steven Marshall as the South Australia’s 46th premier today. While the change of government, a of the Liberal party’s victory in Saturday’s election will undoubtedly lead to a departure from some of the Weatherill government’s pro-renewables policies, it also silences a vocal opponent to the NEG at the negotiating table.

Western Australian households and small businesses may have to continue to rely on Synergy for their electricity. Media reports indicate that the WA Labor Government is backing away from plans to introduce full retail contestability (FRC) for residential and small commercial electricity consumers.

The Grattan Institute has warned that surging small-scale solar system installations are depressing midday wholesale electricity prices – giving reason for subsidies to be cut and putting downward pressure of residential PV FITs. Green Energy Markets’ Tristan Edis says the level of solar generation is not yet a problem, and that simple solutions to absorb solar energy during the day are at hand.