Australia was able to largely deliver reliable energy throughout the latter half of the 20th Century. And there is no reason we should expect anything less in the 21st Century.
With that in mind, Federal Energy Minister Angus Taylor says he is determined to work with the states and territories to impose an obligation for reliable electricity supply on retailers across the country.
Mr Taylor is hoping to salvage the reliability mechanism from his government’s abandoned National Energy Guarantee, which will put pressure on states with the highest renewable targets.
‘I am committed to working with the states and territories … to progress the implementation of the retailer reliability obligation as soon as practicable,’ he will tell an industry forum in Sydney on Wednesday.
Mr Taylor believes the reliability guarantee will encourage investment in ‘fair dinkum’ affordable power generation that can provide on-demand supply.
‘Generation that delivers when you need it, in the right place at the right time, to ensure reliability in the national electricity market,’ he will say.
Mr Taylor intends to discuss the measure at a COAG Energy Council meeting later this month.
The reliability guarantee is one of three ‘core initiatives’ to keep the lights on and bring prices down that Mr Taylor will outline during his speech.
The others involve setting up a price ‘safety net’ through the consumer watchdog and ‘stopping the big rip offs from energy companies’.
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The Australian Tribune with AAP