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What is National Energy Guarantee mean?
National Energy Guarantee (NEG) was an energy policy proposed by the Turnbull government in late 2017 to deal with rising energy prices in Australia and lack of clarity for energy companies to invest in energy infrastructure. The policy specifically targets energy companies in the National Electricity Market and large energy users to have a reliability obligation as well as emissions reduction obligations.
Turnbull's successor Scott Morrison announced in September 2018 that the government would focus on cheap electricity prices; Australia would (also without NEG) make efforts to lower carbon dioxide emissions.
The Labor party has since announced that it will adopt the NEG as its energy policy.
referencePosted on 29 Oct 2024, this text provides information on Miscellaneous in Governmental related to Governmental. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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