Proposed measures to safeguard the security of electricity supplies
The Government has proposed a range of changes to the design of the CPRS offered in the context of negotiations with the Coalition.
In responding to the challenge of climate change, the Government’s intention is to manage a smooth transition to a lower carbon electricity generation sector while maintaining security of supply, promoting stable energy contracting markets and supporting investor confidence in our energy market.
In light of this, the Department of Climate Change (‘the Department’) has recommended a package of measures designed to promote the transition towards a less carbon-intensive electricity sector in the context of negotiations with the Coalition.
In developing this package of measures, the Department sought the advice of three energy market agencies. The request for advice, and the three agencies' responses, are provide below: