AEMC Draft Determination on RERT Enhancement Highlights the Importance of an Efficient Market
AEMC Draft Determination on RERT Enhancement Highlights the Importance of an Efficient Market
Australia’s leading advocate for large energy users, the Energy Users’ Association of Australia (EUAA) welcomes today’s draft determination by the Australian Energy Market Commission (AEMC) on the Enhancement to the Reliability and Reserve Trader (RERT). “The RERT Mechanism is a valuable tool to manage emergencies but it is costly with just one instance last year leaving […]
Gas Crisis Hasn’t Gone Away
Today’s release by the ACCC, the Gas Inquiry 2017-2020 Interim Report, clearly shows that the gas crisis still has an iron grip on Australia’s manufacturing, chemicals and food processing industries. “Efforts to alleviate the gas crisis by governments and regulators have been insufficient and an accelerated program of gas market reform and targeted assistance is required […]
Joint statement: Proposed Electricity Price Monitoring and Response Powers
Australia’s business community and the energy sector urge the Australian Government to abandon proposed legislation that will impede the broader investment environment in Australia and specifically discourage badly needed investment in the energy sector. The signatories* to this statement are robustly opposed to the creation of unilateral divestment powers for the Treasurer. Such discretionary and […]
The Energy War has Left us with Limited Options
So, it has come to this. After more than a decade of open warfare on energy and climate change policy, it now appears our next best option is a collection of market interventions and direct government investment. “Today’s energy policy announcement by Federal Labor recognises the unfortunate reality that gaining long-term bipartisan agreement on energy […]
EUAA Welcomes Federal Government Energy Consultation Paper
The peak body representing large energy users, the Energy Users’ Association of Australia (EUAA), welcomes the Federal Government’s Underwriting New Generation Investment consultation paper which proposes a number of strategies aimed at addressing some fundamental issues within the electricity sector. The consultation paper outlines opportunities to bring greater certainty to financing new investment which aims […]
Addressing All Parts of the Energy Trilemma is Essential
Ahead of the Council of Australian Governments Energy Council meeting this week, representatives of Australia’s small and large businesses; conservation groups; energy network, supply and services sectors; investors; property sector; and social services sector have together agreed that driving down electricity costs is urgent, and that addressing emissions and reliability are not only critical in […]
Federal ALP Gas Policy Could Provide Much Needed Price Relief
Today, the Federal ALP have laid out a national gas plan that could decouple domestic gas prices from international LNG prices if thoughtfully implemented and well managed. In particular, the introduction of a permanent gas export control trigger could play a central role in lowering domestic gas prices and is a step beyond current Federal measures, which […]
Have we just wasted the last 2 years on the energy policy rollercoaster?
Two years of expert analysis, exhaustive engagement with a wide range of stakeholders and an unprecedented level of agreement on an energy policy that provides an improved level of certainty for investors and a managed transition of our energy system, appears to have been a waste of time, energy and money after the Prime Minister’s […]
EUAA Welcomes Endorsement of NEG
“Positive endorsement of the NEG in Canberra brings further hope to energy users who want to see the policy implemented,” said Chief Executive Officer, Andrew Richards, from the peak body representing large energy users, The Energy Users’ Association of Australia (EUAA). “We have an opportunity to implement a bipartisan energy policy to bring to an […]
Stop Circling the Airport, its Time to Land the NEG
While today’s announcement from COAG confirms that talks to resolve the impasse on the National Energy Guarantee (NEG) will continue, energy users are concerned that remaining in a holding pattern for too long only increases the risk that system reliability will fall and consumer costs will go up. “Energy Users Association of Australia (EUAA) encourages […]
If NEG is Rejected, Do You Have a Plan B?
For those who are considering rejecting the NEG, Australia’s peak body representing large energy consumers, the Energy Users’ Association of Australia (EUAA), would ask this simple question. What is your plan B and why is it better than this proposal? “Based on what we have seen and heard, there are no alternative plans,” said EUAA […]
Energy Security Board has listened to energy users, now it’s up to our politicians.
With the release of the National Energy Guarantee (NEG) Final Detailed Design late yesterday, the Energy Users’ Association of Australia (EUAA) is calling on politicians from all sides of the debate to support the NEG as the best available opportunity to bring an end to the energy and climate policy chaos of the last 15 […]