Towards the next generation: delivering affordable, secure and lower emissions power
Emissions reduction policy in Australia has been marked by frequent changes of direction and uncertainty in recent years. Furthermore, energy and emissions reduction policies have been largely pursued as separate agendas. In the AEMC and the Authority’s view, this lack of cohesion between energy and emissions policy has placed considerable pressure on the National Electricity Markets (NEM’s) ability to supply secure and low cost electricity for Australian businesses and consumers.
The policy advice provided in this report is intended to provide a platform to underpin the better integration of energy and emissions reduction policies in the future, to provide greater investment certainty and in doing so, help keep electricity prices as low as possible while enhancing power system security.
Submissions have been received from interested organisations and consultation is now closed. View submissions received.
The Authority and the AEMC have prepared this review report with the aim of informing the Independent Review into the Future Security of the National Electricity Market and the Commonwealth Government’s 2017 review of climate change policies.
The Authority and the AEMC commissioned the Centre for International Economics to review recent economic modelling exercises and to provide advice on the costs associated with ongoing policy uncertainty for investment in energy.
The Centre for International Economics report: Review of economic modelling exercises & assessment of the impact of uncertainty (PDF 641kB)