{"id":15872,"date":"2017-10-17T10:38:49","date_gmt":"2017-10-17T00:08:49","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=15872"},"modified":"2018-01-19T05:08:18","modified_gmt":"2018-01-18T18:38:18","slug":"national-energy-guarantee-mb0254","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/national-energy-guarantee-mb0254\/","title":{"rendered":"Clean Energy Target Dumped For National Energy Guarantee"},"content":{"rendered":"
\"Tony

Mr. Abbott said the CET’s dumping was “progress”. | Image: via Facebook<\/a><\/p><\/div>\n

It’s a done deal. The Australian Government has dumped Dr. Alan Finkel’s recommendation of a Clean Energy Target in favour of a “National Energy Guarantee”,\u00a0 which will see coal power hanging around for a lot longer and renewable energy subsidies end.<\/p>\n

In a report released this afternoon, with the very optimistic title of “Powering forward: A better energy future for Australia<\/a>“, the Turnbull Government says its plan will ensure “the right investment in the right place at the right time” and specifically states there will be an ongoing place for coal<\/a>.<\/p>\n

The NEG will require retailers to have a certain amount of dispatchable power available at all times (e.g. from coal) and a percentage of their power sourced from low emissions technology such as renewables\u00a0 – or “efficient gas”.<\/p>\n

An emissions guarantee will also be set to contribute to Australia\u2019s Paris commitment. The level of the guarantee will be determined by the Commonwealth and enforced by the Australian Energy Regulator (AER). The level set will be crucial in determining how much coal gets a look in going forward.<\/p>\n

In a video<\/a> posted to Facebook just after midday, Prime Minister Turnbull says:<\/p>\n

“These guarantees will ensure there is a place for all power sources in the nation’s energy mix – solar, wind, coal, gas, batteries, pumped hydro. Our plan has no subsidies, no certificates and no tax. It doesn’t involve the Government picking winners – it is truly technology-neutral.”<\/p><\/blockquote>\n

Based on advice it says it has received from the Energy Security Board, the Government says the Guarantee *could* lead to a reduction in residential electricity bills in the range of $100\u2013115 per year over the 2020\u20132030 period.<\/p>\n

A media release from the PM’s Office states<\/a>:<\/p>\n

“Coal, gas, hydro and biomass will be rewarded for their dispatchability while wind, solar and hydro will be recognised as lower emissions technologies, but will no longer be subsidised.”<\/p><\/blockquote>\n

——<\/p>\n

Update: Oct. 19<\/strong> – As to any impact on Australia’s “solar rebate<\/a>” for small scale systems, it’s become a little murky<\/a> if that will continue as normal; i.e. it will be gradually phased out<\/a>. We contacted the Department of Environment and Energy for clarification on this point on Tuesday, but still haven’t had a response. According to a Financial Review report, there will be no change to the Renewable Energy Target<\/a>.<\/p>\n

——-<\/p>\n

The National Energy Guarantee will reportedly result in renewable energy making up between 28 and 36 per cent by 2030, far less than Labor’s target of 50% by the same year.<\/p>\n

Even before full details of the National Energy Guarantee were publicly released, the move away from a Clean Energy Target came under heavy attack.<\/p>\n

Opposition leader Bill Shorten was quick to criticise the PM’s backflip on the CET – and pointed his finger at Tony Abbott as playing a key role. Mr. Abbott recently stated<\/a> he wanted to see more coal power, an end to subsidies for new “intermittent” renewables and a freeze on the Renewable Energy Target.<\/p>\n

“It looks like Tony Abbott’s won and the Chief Scientist, lower prices and climate change have come second,” said Mr. Shorten in a brief ABC News interview early this morning. “Malcolm Turnbull knows that the Chief Scientist’s report is the way to go. Four months ago he was endorsing a clean energy target, now he’s dropped the lot.”<\/p><\/blockquote>\n

The Clean Energy Council said<\/a> the Government had blown a golden opportunity.<\/p>\n

“The Federal Government\u2019s decision to walk away from a Clean Energy Target (CET) is likely to result in a substantial slowdown in new clean energy investment, meaning power prices will keep rising and voters will continue switching off.”<\/p><\/blockquote>\n

Greens leader Dr. Richard Natale blasted<\/a> the Prime Minister.<\/p>\n

“Malcolm Turnbull is showing a complete failure of leadership – leading the most pro-coal, anti-renewable government in Australian history.”<\/p><\/blockquote>\n

Liberal backbencher Craig “Renewables Kill<\/a>” Kelly is reportedly quite chuffed about it all and has also suggested<\/a> the Government delay action on hitting Paris climate targets until closer to 2030.<\/span><\/p>\n

As for Mr. Abbott, he tweeted<\/a>:<\/p>\n

“Progress at today’s party room. The Clean Energy Target has been definitively dropped.”<\/p><\/blockquote>\n

The party room welcomed the new plan, with Energy Minister Josh Frydenberg applauded after delivering a speech explaining the details.
\n<\/span><\/p>\n

The Government says it will now work with the Energy Security Board and the states through COAG to implement the National Energy Guarantee.<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s a done deal. The Australian Government has dumped Dr. Alan Finkel’s recommendation of a Clean Energy Target in favour of a “National Energy Guarantee”,\u00a0 which will see coal power hanging around for a lot longer and renewable energy subsidies end.<\/p>\n","protected":false},"author":17,"featured_media":15873,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-15872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nClean Energy Target Dumped For National Energy Guarantee - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"It's done. 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The 16th COAG Energy Council Ministerial Meeting was held on Friday, the focus of which was the Federal Government's NEG. The controversial plan, according\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"National Energy Guarantee","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/national-energy-guarantee.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/national-energy-guarantee.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/national-energy-guarantee.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/national-energy-guarantee.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":23116,"url":"https:\/\/www.solarquotes.com.au\/blog\/reject-national-energy-guarantee-mb0684\/","url_meta":{"origin":15872,"position":2},"title":"Smart Energy Council Urges Australians To Apply Pressure On The NEG","author":"Michael Bloch","date":"July 30, 2018","format":false,"excerpt":"The Smart Energy Council states the National Energy Guarantee is \"junk policy\" and is calling on Australians to email state energy ministers telling them to stop it in its current form. While the basis of the NEG is pretty simple - a reliability guarantee, an emissions guarantee and affordable electricity\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"National Energy Guarantee","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/national-energy-guarantee.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/national-energy-guarantee.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/national-energy-guarantee.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/national-energy-guarantee.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":17112,"url":"https:\/\/www.solarquotes.com.au\/blog\/coag-meeting-neg-mb0326\/","url_meta":{"origin":15872,"position":3},"title":"National Energy Guarantee Implementation “Years Away”, If Ever","author":"Michael Bloch","date":"November 27, 2017","format":false,"excerpt":"The Federal Government may have been granted a go-ahead on Friday by the states to further develop the NEG, but it's by no means a free pass. All states and territories, with the exception of South Australia and the ACT, voted in favour of progressing further work on the design\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"COAG Energy Council","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/coag-energy-council-neg.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/coag-energy-council-neg.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/coag-energy-council-neg.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/coag-energy-council-neg.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":16941,"url":"https:\/\/www.solarquotes.com.au\/blog\/liddell-clean-power-mb0312\/","url_meta":{"origin":15872,"position":4},"title":"Closing Liddell Power Station Could Save More Than $1.3 Billion","author":"Michael Bloch","date":"November 20, 2017","format":false,"excerpt":"A new report states shuttering the ageing coal-fired Liddell Power Station on schedule and replacing it with a \"clean energy package\" would not only slash emissions, but save a truckload of cash. Economic modelling conducted by the UTS Institute for Sustainable Futures (ISF) examined several proposals for the coal-fired clunker.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Lidell Power Station","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/liddell-power-station.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/liddell-power-station.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/liddell-power-station.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/liddell-power-station.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":23391,"url":"https:\/\/www.solarquotes.com.au\/blog\/national-energy-guarantee-mb0701\/","url_meta":{"origin":15872,"position":5},"title":"National Energy Guarantee : Anything But Consensus","author":"Michael Bloch","date":"August 9, 2018","format":false,"excerpt":"Victoria and the ACT lay their cards on the table concerning the National Energy Guarantee, meanwhile the Smart Energy Council fires a shot across the bows of the CEC over its stance. It's just one day out from an important meeting that will focus on Australia's energy future, and the\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"National Energy Guarantee fight continues","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/national-energy-guarantee.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/national-energy-guarantee.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/national-energy-guarantee.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/08\/national-energy-guarantee.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/15872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=15872"}],"version-history":[{"count":30,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/15872\/revisions"}],"predecessor-version":[{"id":18509,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/15872\/revisions\/18509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/15873"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=15872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=15872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=15872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}