Sick of waiting in the queue, audacious Victoria legislates its way out of gridlock. While there are no constitutional barriers to the Victorian government amending the legislation, it is contrary to convention.
Seven public hearings and 174 submissions, and no agreement on what “transition” means, meant stalemate for a Senate committee that had just one job.
Two reports by energy regulators covering the third quarter of 2019 show a mixed bag for wholesale electricity prices and pain ahead for Australian consumers.
Years of ad-hoc interventions, a climate policy mess and a recent rush to pick winners mean the government is chilling investment and exacerbating the very problems it’s trying to fix, according to the Grattan Institute’s “Power play” report.
Helping to get political critics onside, the latest iteration rules out any backdoor privatisation of state-owned energy assets. But industry remains alarmed at the unprecedented divestment and contracting powers bestowed on the Treasurer.
The retailer reliability obligation now in effect is dependent on a series of guidelines that are yet to be finalised, forcing electricity market participants to buy in to the process and outcomes.
The federal default market offer and the Victorian default offer have very different goals and methods of achieving those goals, despite their surface similarities.
Though at the early stages, moves are afoot for a more solid policy platform to better enable distributed energy resources.
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