4th COAG Energy Council Meeting Communique
Publication date: Friday, 04th December 2015.
Energy and Resources Ministers met in Canberra on 4 December 2015 for the fourth COAG Energy Council meeting.
The meeting progressed key initiatives to improve the adaptability and resilience of Australian energy markets to respond to environmental and technological change.
Ministers agreed to a national, cooperative effort to better integrate energy and climate policy, with a clear focus on ensuring that consumers and industry have access to low-cost, reliable energy as Australia moves towards a lower-emissions economy.
Ministers also agreed that, fundamental to solving our energy challenges, is increasing the amount of supply, the number of suppliers, and removing obstacles towards this end.
The Energy Council also agreed to modernise regulatory frameworks and consumer protections so consumers can engage with increasingly dynamic and decentralised energy markets driven by the need to accommodate emerging technologies.
The Energy Council released a Gas Supply Strategy, signaling a stronger level of cooperation on onshore gas social, scientific and regulatory issues and promoting industry best practice.
The challenges and opportunities arising from the change sweeping energy markets require agile and strategic leadership. The Energy Council met with a range of industry and consumer representatives at the start of the meeting to discuss key issues, and thanked those stakeholders who contributed to the recently completed Review of Governance Arrangements for Australian Energy Markets.