The Australian Energy Market Commission released its retail energy competition review for 2020, alongside a pack of reforms designed to modernise the market to deal with new energy products and the Covid-19 pandemic. [.....]
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More energy efficiency grants open for applications; Labor's Joel Fitzgibbon says a 2030 emissions target would be "irrelevant"; and Origin's CEO says the Covid-19 recovery shouldn't focus on bringing gas prices down.
The AER gives the gas industry a clear signal to step up; regulators question how customers value avoiding significant power outages; and wholesale power prices drop as renewables and brown coal replace black coal.
The energy CDR timeline will wait until other reforms are sorted out; submitters to the tech roadmap want energy efficiency measures, Alan Finkel says; and a pack of new system service markets are proposed.
The ESB is concerned with future investment drivers as it works on the post-2025 NEM; the AER says energy prices should drop; and TransGrid looks at up to A$5b for transmission investment over the next decade.