18th COAG Energy Council Meeting

Post date: Friday, 10th August 2018

Ministers today agreed to release an exposure draft of the National Electricity Law amendments for the National Energy Guarantee (Guarantee) – a key reform for the security, reliability and affordability of Australia’s energy future – following confirmation at a teleconference on 14 August 2018. The Energy Council noted the detailed work the Energy Security Board has undertaken on the final design of the Guarantee and appreciate the extensive consultation with, and support from, stakeholders.

 Ministers reiterated the importance of effectively integrating energy and climate policy with the Commonwealth, state and territory governments working together to deliver more affordable, reliable and cleaner power.

 Ministers also agreed a set of recommendations from the Australian Competition and Consumer Commission’s Retail Electricity Pricing Inquiry Report which will deliver real benefits for consumers.

 Further outcomes of the meeting can be found in the Communique.