The Federal Government has released its long-anticipated Energy Productivity Plan White Paper earlier this month, outlining the Government’s policy on strategic issues facing the energy sector in Australia.
The White Paper focuses on three main elements to deliver reliable and cost competitive energy to households and business:
- Increased competition: increased competition to keep energy prices down, with an end to electricity subsidies and more privatisation of poles and wires; and the lifting of state policies that impede unconventional gas production;
- Energy productivity: an increase of up to 40% in energy productivity (the ratio of economic output to energy consumption) by 2030;
- Investment: a “technology neutral” approach to developing future energy sources for electricity and transport.