…

Conclusion

Australia’s energy rules are broken and continuing to shape the industry to favour business over consumers, workers and the community will never adequately address the issues of reliability, dispatchability and affordability.

We are still of the view that that the NEG will:

a. Increase prices;
b. Entrench market power of large retailers (particularly gentailers);
c. Have difficulty enforcing both emissions and reliability requirements; and
e. Do nothing with regards to achieving a Just Transition for the energy sector.

While these issues remain, we are not in position to support the NEG.