Australia has plentiful energy resources, supported by well-developed transmission and distribution infrastructure and open energy markets. Coupled with improving energy productivity, this provides a solid base to support economic growth and high living standards.
Ongoing reforms are needed to boost business competitiveness, drive export growth, encourage investment and put downward pressure on the cost of living.
Energy policy must support day-to-day reliability, longer term security and cost of energy in a transparent and competitive market.
The Energy White Paper, which is set for release in September 2014, will set out a coherent and integrated approach to energy policy. It will consider Australia’s supply and use of energy resources, including how increases in new energy sources can meet demand.
The Energy White Paper will also look at regulatory reform to put downward pressure on prices and improve energy efficiency.
For submissions from industry for the white paper, see here