Following the recent re-election of the Labor Party, the Australian Energy Council, representing energy retailers and generators, urges the Government to prioritize sustainable energy policies to ensure affordable, reliable, and low-emission electricity for Australians. Chief Executive Louisa Kinnear emphasizes the importance of policy stability and long-term reform to navigate the ongoing energy transformation.
Kinnear highlights the shift towards wind, solar, hydro, storage, and gas as key components of the future energy mix, emphasizing the need for market settings that facilitate this transition while addressing the energy trilemma of affordability, reliability, and sustainability. She stresses the importance of enabling investors to replace retiring coal plants efficiently to avoid disruptions and minimize costs for consumers.
The Australian Energy Council outlines several energy priorities for the Government, including focusing on affordability by ensuring cost-effective transition, leveraging Consumer Energy Resources (CER) like rooftop solar, supporting the NEM Review, prioritizing system security, and ensuring adequate gas supply for electricity generation. They advocate for market-based solutions and coordinated policies to drive the energy transition effectively.
Kinnear underscores the industry’s readiness to support a low-cost transition and calls for consistent, enduring policies that incentivize long-duration storage, gas supply, and effective coordination of energy from rooftop solar systems. The Council looks forward to collaborating with the Government and Parliament to advance strong and stable energy policies that benefit consumers.
The Australian Energy Council, as the peak industry body for electricity and natural gas businesses, supports the target of reaching net-zero emissions by 2050 and a 55% reduction by 2035. They emphasize their commitment to delivering the energy transition efficiently and serving the needs of consumers.
In related news, an alliance of industry associations calls for economic reforms, emphasizing the need for reduced red tape, innovation, and productive tax reform. Additionally, industry bodies back the consultative process of the National Electricity Market Review to ensure coherent and enduring energy policies beyond 2030. The AEC also refutes claims of misleading pricing tactics made by CHOICE, emphasizing transparency in energy retail practices.
As the energy landscape continues to evolve, the Australian Energy Council remains dedicated to driving the energy transition forward, promoting sustainable practices, and advocating for policies that benefit both industry stakeholders and consumers.
📰 Related Articles
- World Health Assembly Urges Nations for Sustainable Financing Solutions
- Trump’s Policies Impact US Clean Energy Sector Growth
- Trump’s Foreign Student Policies Impact Australian Education Landscape
- Sustainable Underwear Market Growth Fueled by Eco-Conscious Consumers
- Sustainable Beauty Packaging Market Surges, Driven by Eco-Conscious Consumers