EUAA Submission: Safeguard Mechanism Reforms Consultation Paper
Emily Wood | September 20, 2022
‘…Transformation of the electricity sector is also creating significant disruption with consumers facing a tsunami of additional costs as we rapidly replace our centralised, dispatchable energy system with one that is dominated by highly decentralised variable renewable energy. The challenges are complex, hard to solve and will add costs to consumer bills. This is not to say we shouldn’t transform our energy system but that we need to be highly cognisant of the challenges, as only then can we make good policy decisions that are in the long-term interests of consumers.
We raise these issues as the proposed changes to the Safeguard Mechanism are not occurring in a vacuum but as a central part of a whole of system transformation that while it has many long-term advantages, it is not without its risks and costs….’
Please download attachment to read full submission.