The Australian Pipelines and Gas Association has welcomed today’s announcement of the National Energy Guarantee as a step forward.
APGA Chief Executive Officer Steve Davies said that while little detail was available, the policy proposal appeared to create a level playing field through balancing reliability of electricity supply with the requirement to lower carbon emissions.
“The policy outlined by the Federal Government today removes the market distortions that can be the result of subsidising certain sectors,” Mr Davies said.
“Some groups are quick to claim that renewables are already price competitive with more mature technologies.
“If that is indeed the case, then the expiry of the Renewable Energy Target should make little difference as price competition on a level playing field will guide investment decisions.”
Mr Davies said APGA would carefully examine the detail of the National Energy Guarantee with a view to comparing the likely outcomes with the Clean Energy Target recommended by Chief Scientist Alan Finkel.
Read more in the APGA cautiously welcomes National Energy Guarantee media release.