The Australian Government will attract new investment in reliable generation to increase competition and reduce electricity prices.
ERIG commissioned these nine specialist studies to advise on the matters under consideration.
Describes the energy-related measured announced in the 2017-18 Portfolio Budget Statements. These measures address how Australians can access reliable and affordable energy as we transition to a low emissions future.
Describes the Government’s investment in providing additional energy storage infrastructure so that wind and solar can be better integrated into the energy market and conventional power can be used more efficiently.
This paper addresses how have the oil market and institutions have evolved since the 1970s, and challenges in the coming decades.
The Energy Reform Implementation Group (ERIG) was a group established by the Council of Australian Governments (COAG) to review certain elements of the operation of Australia’s energy sector and to suggest further reforms, where there is a case for them, supporting more efficient energy markets.
Australia’s vulnerability to a major interruption to global oil supply has been addressed in previous ACIL Allen reports to government for National Energy Security Assessments, and considered by the House of Representatives Standing Committee on Economics in its 2012 Inquiry into Australia’s Refining Industry.
The Panel commissioned the Melbourne Energy Institute (MEI) to perform a security assessment of a selected set of the emissions reduction policies modelled by Jacobs. MEI’s report includes analysis on future power system security issues under the selected policies. MEI also analysed one of these policies further, looking at the minimum level of synchronous generation required to be online for the secure operation of the National Electricity Market.
The Panel commissioned Jacobs to model a range of emissions reduction policies for the National Electricity Market. These policies were modelled over the period FY2017-FY2050. The modelling provides key insights on the impacts different policies have on consumers as well as on the National Electricity Market’s generation and capacity mix.
This Independent Review into the Future Security of the National Electricity Market Preliminary Report identifies the complex forces driving a rapid transition across the electricity sector. It seeks input on key questions to navigate the transition in line with consumer expectations for a secure and reliable service, at an affordable price, that delivers on our national emissions reduction commitments.
Dr Finkel and the Panel thank respondents for their submissions. The submission period closed on 21 February 2017.