Tesla says National Energy Guarantee needs to be much more ambitious, and Energy Security Board needs to catch up with technologies like battery storage.
Industry warns NEG too complex, likely to boost prices, cut competition. If it won’t reduce emissions either, what exactly is the point?
ESB chair Kerry Schott says it will be up to the states to act if they want higher emissions targets.
Schott says NEG modelling assumes “low end” of wind and solar costs, defying recent evidence. But ESB did admit there is much work to do on policy, dispatchability had yet to be defined, new coal unlikely to get a look in, and states free to pursue own targets.
Billionaires get it. A million households get it. And so do thousands of businesses. So why does Australia’s government – and its principal regulators – fail to understand that the way to a cheaper, cleaner and more reliable grid is with more renewables, not less.
Chair of newly formed Energy Security Board, Kerry Schott, says that by harnessing demand management in Australia, “we can all stop worrying about building new plants of any description.”
NEG high level design document at a glance
Highlights from the high level NEG document distributed to COAG energy ministers ahead of next Friday’s meeting.