Highlights from the high level NEG document distributed to COAG energy ministers ahead of next Friday’s meeting.
ESB
Tesla says Energy Security Board needs to catch up with battery technology
Tesla says National Energy Guarantee needs to be much more ambitious, and Energy Security Board needs to catch up with technologies like battery storage.
Gold-plating energy markets? Even incumbents not comfortable with NEG
Industry warns NEG too complex, likely to boost prices, cut competition. If it won’t reduce emissions either, what exactly is the point?
ESB modeling confirms NEG designed to shut door on renewables
New modelling confirms little if any new renewable energy investment will be made under the NEG. But it reveals that the big savings the Coalition is claiming from the NEG are driven almost entirely by the policy it sought to kill – the renewable energy target.
We’ll keep lights on, states can worry about emissions: ESB
ESB chair Kerry Schott says it will be up to the states to act if they want higher emissions targets.
Schott defends NEG modelling, says wind and solar at “low end”
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.
ESB to use inflated costs for wind and solar to justify NEG
Energy Security Board to use vastly inflated costs of wind and solar to justify its National Energy Guarantee. By using prices around 30-40 per cent above actual costs, will support its argument for little new wind and solar to be built in the coming decade.
Investor confidence could be smashed without additional detail
This plan to provide a plan is almost the worst outcome possible for investment certainty. If more detail doesn’t emerge soon, it could be as bad for renewables as the Abbott years.
ESB chair says demand response could kill need for new power plants
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.”
